Melville, MN is a small town located in the Midwest with a population of just over 1000 people. It's an inviting community with a wide variety of businesses and amenities. The cost of living is relatively low; two bedroom rent in Melville averages at $830 compared to $1430 for the US as a whole. The grocery cost index in Melville is also lower than the average for the US, with 95 versus 100 respectively.
Some local businesses include O'Brien State Bank, Hiawatha Lanes Bowling Alley, and Cafe Viale. The popular Green Mill restaurant chain also has several locations in Melville. Other stores and restaurants such as Walmart Supercenter, Caribou Coffee, Subway, and Papa Murphy's can be found around town as well.
Melville has an unemployment rate of 5.9%. The US average is 6.0%.
Melville has seen the job market increase by 6.7% over the last year. Future job growth over the next ten years is predicted to be 46.0%, which is higher than the US average of 33.5%.
Tax Rates for Melville
- The Sales Tax Rate for Melville is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Melville is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Melville
- The average income of a Melville resident is $26,199 a year. The US average is $28,555 a year.
- The Median household income of a Melville resident is $82,083 a year. The US average is $69,021 a year.