Melrose Park, NY is a small town located in the state of New York. It is known for its affordable rent prices of $1,010 for two bedroom apartments which are well below the US average of $1,430. Additionally, inhabitants benefit from low cost groceries with an index of 98 compared to 100 in the US. This makes Melrose Park an attractive option for those seeking to save money on housing costs. The town has a number of local businesses which play an important role in the town's economy and quality of life. For example, Willow Street Pizza Company is a beloved restaurant serving delicious pizza as well as other classic Italian dishes. Additionally, Rainbow Floral & Gift Design is a popular store offering custom floral arrangements for all occasions. Finally, Cavalier Motors provides quality automobile service and offers both used and new car sales. These businesses each offer essential services that help make Melrose Park an ideal place to live and work.
Melrose Park has an unemployment rate of 6.6%. The US average is 6.0%.
Melrose Park 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 16.6%, which is lower than the US average of 33.5%.
Tax Rates for Melrose Park
- The Sales Tax Rate for Melrose Park is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Melrose Park is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Melrose Park
- The average income of a Melrose Park resident is $40,264 a year. The US average is $28,555 a year.
- The Median household income of a Melrose Park resident is $112,719 a year. The US average is $69,021 a year.