Melmore, OH Economy


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Melmore, OH is a great place to live for those who are looking for affordable housing and everyday essentials. The rent for two-bedroom apartments in Melmore is $800 a month, compared to the national average of $1,430. Groceries cost much less in Melmore as well; the Grocery Cost Index here is only 91, whereas it is 100 in the US on average.
There are many local businesses and services in Melmore that cater to its residents' needs. Some notable places include JoJo's Family Restaurant, which serves mouth-watering home style cooking at reasonable prices, and Bessie’s Closet Boutique, where you can find unique clothing styles at an affordable rate. Other places include Elite Fitness Center and a variety of shops located in the town square.

Melmore has an unemployment rate of 4.4%. The US average is 6.0%.

Melmore has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 25.4%, which is lower than the US average of 33.5%.

Tax Rates for Melmore
- The Sales Tax Rate for Melmore is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Melmore is 3.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Melmore
- The average income of a Melmore resident is $14,566 a year. The US average is $28,555 a year.
- The Median household income of a Melmore resident is $65,694 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMelmore, OhioUnited States
  4.46
  -4.9%-6.2%
  25.4%33.5%
  7.3%6.2%
  3.5%4.6%
  $27,947$37,638
  $65,694$69,021
Family Median Income 85028
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