Melrose, IA is a small town located in the Midwest. It is an attractive place to live due to its affordable housing market with two bedroom rentals at only $820. The Grocery Cost Index for Melrose is 95 compared to the US average of 100, making it even more budget-friendly.
The town has a variety of local businesses including Melrose Pharmacy, Don's Lumber & Fencing Supply and Cupcake Corner Bakery. Community events throughout the year make living in Melrose enjoyable for everyone. A few popular activities are the annual 4th of July parade, outdoor movie nights in the summer and Christmas tree lighting ceremony in December.
Other amenities include parks, libraries and a golf course that offer plenty of recreational activities for residents to take advantage of. Thanks to all these features, Melrose is a great place to call home!
Melrose has an unemployment rate of 4.2%. The US average is 6.0%.
Melrose has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 19.2%, which is lower than the US average of 33.5%.
Tax Rates for Melrose
- The Sales Tax Rate for Melrose is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Melrose is 9.0%. 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 $21,280 a year. The US average is $28,555 a year.
- The Median household income of a Melrose resident is $50,417 a year. The US average is $69,021 a year.