Melrose, MN is a small town located in Central Minnesota that offers a unique atmosphere and plenty of activities for its residents. With a population of fewer than 3,000 people, Melrose offers a friendly environment with plenty of places to explore and enjoy. The average two bedroom rent in Melrose is $970, significantly lower than the national average at $1,430. Other living expenses such as groceries are also cheaper in Melrose with a grocery cost index at 96 versus 100 nationally. This makes Melrose an attractive place to relocate for those looking for an affordable cost of living. Local businesses include Dimmer's Super Valu Grocery Store, Zorbaz Pizza Restaurant & Bar, Wolf Motors Car Dealership, and more. All these businesses offer quality services that contribute to the strong sense of community present in Melrose.
Melrose has an unemployment rate of 4.7%. The US average is 6.0%.
Melrose has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 33.8%, which is higher than the US average of 33.5%.
Tax Rates for Melrose
- The Sales Tax Rate for Melrose is 7.1%. The US average is 7.3%.
- The Income Tax Rate for Melrose 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 Melrose
- The average income of a Melrose resident is $19,155 a year. The US average is $28,555 a year.
- The Median household income of a Melrose resident is $50,469 a year. The US average is $69,021 a year.