Melbourne, AR is a great place to live! The small city is located in northern Arkansas and has an affordable cost of living, with a 2 bedroom rent of only $720 per month. Groceries are also reasonably priced with the grocery cost index at 92 compared to 100 in the US. There are plenty of local companies to choose from in Melbourne that offer services such as auto repair, furniture rental, and pet supplies. Restaurants include Mexican favorites like El Amigo and Italian favorites such as Pizazz Pizza. Popular nearby attractions include the Ozark Folk Center State Park and Mammoth Spring State Park which both offer outdoor recreational activities for locals and tourists alike.
Melbourne has an unemployment rate of 6.0%. The US average is 6.0%.
Melbourne has seen the job market decrease by -2.2% over the last year. Future job growth over the next ten years is predicted to be 16.9%, which is lower than the US average of 33.5%.
Tax Rates for Melbourne
- The Sales Tax Rate for Melbourne is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Melbourne is 6.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Melbourne
- The average income of a Melbourne resident is $21,065 a year. The US average is $28,555 a year.
- The Median household income of a Melbourne resident is $39,032 a year. The US average is $69,021 a year.