Melville, NY is a vibrant town located on the north shore of Long Island. This area is home to numerous businesses, including Canon USA, Chembio Diagnostics Systems, Inc., and MSC Industrial Direct Co., Inc. When it comes to living in Melville, residents find that rent costs are much higher than the US average. A typical two bedroom apartment will cost $3,050 compared to $1,430 nationally. On the other hand, groceries are more affordable here with a local grocery cost index of 109 versus 100 in the US. All in all, although Melville does offer an abundance of job opportunities and a great quality of life for its residents, it can be an expensive place to call home.
Melville has an unemployment rate of 6.1%. The US average is 6.0%.
Melville has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 26.8%, which is lower than the US average of 33.5%.
Tax Rates for Melville
- The Sales Tax Rate for Melville is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Melville 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 Melville
- The average income of a Melville resident is $60,414 a year. The US average is $28,555 a year.
- The Median household income of a Melville resident is $117,472 a year. The US average is $69,021 a year.