Melrose, ND is a small town with tight-knit community. The cost of living in Melrose is relatively low compared to other cities across the US. For instance, the average rent for a two bedroom apartment in Melrose is $830 compared to the US average which is $1,430. Additionally, grocery costs are also lower in Melrose when compared with the national average. The Grocery Cost Index in Melrose is 94 versus 100 in the US. \nSome local companies include McCanna Oil & Lubricant Company Inc., Simon Mechanical - Industrial Contractors, and Northland Truck & Equipment Inc. All these companies offer quality services that help drive growth in the local economy of Melrose.
Melrose has an unemployment rate of 3.5%. The US average is 6.0%.
Melrose has seen the job market decrease by -1.4% over the last year. Future job growth over the next ten years is predicted to be 29.1%, which is lower than the US average of 33.5%.
Tax Rates for Melrose
- The Sales Tax Rate for Melrose is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Melrose is 2.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Melrose
- The average income of a Melrose resident is $66,582 a year. The US average is $28,555 a year.
- The Median household income of a Melrose resident is $83,750 a year. The US average is $69,021 a year.