Melvindale, MI is a vibrant city located just outside of Detroit. It offers many local companies and attractions to its residents. Examples of businesses include the Goodyear Tire Company, Best Buy, Walmart Supercenter, and Melvindale Automotive. Local attractions include the Melvindale Community Center, the historic Penn Theater, and the Rouge River Park. The cost of living is relatively low compared to national averages; two bedroom rent in Melvindale is $1,150 versus $1,430 in the US and the Grocery Cost Index stands at 90 versus 100 in the US. Overall, Melvindale provides a great quality of life to its residents while having an affordable cost of living.
Melvindale has an unemployment rate of 5.6%. The US average is 6.0%.
Melvindale has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 35.0%, which is higher than the US average of 33.5%.
Tax Rates for Melvindale
- The Sales Tax Rate for Melvindale is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Melvindale is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Melvindale
- The average income of a Melvindale resident is $17,619 a year. The US average is $28,555 a year.
- The Median household income of a Melvindale resident is $36,700 a year. The US average is $69,021 a year.