Melvin Village, NH is a small village located in central New Hampshire with approximately 2,000 people. It is known for its beautiful landscapes and outdoor activities such as fishing on Lake Winnipesaukee. The cost of living in Melvin Village is a bit higher than the national average due to the area's popularity as a tourist destination. Renting a two-bedroom apartment averages around $1,440 per month, while groceries have an index of 116 compared to 100 nationally. Local businesses in Melvin Village include restaurants like The Old Country Store and Pizza House, general stores like Midtown Variety and gift shops such as the Cat's Pajamas Gifts & Treats. All in all, Melvin Village is a great place to live with plenty of local businesses and outdoor activities that make it well worth the slightly higher cost of living.
Melvin Village has an unemployment rate of 3.9%. The US average is 6.0%.
Melvin Village has seen the job market decrease by -8.6% over the last year. Future job growth over the next ten years is predicted to be 26.0%, which is lower than the US average of 33.5%.
Tax Rates for Melvin Village
- The Sales Tax Rate for Melvin Village is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Melvin Village is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Melvin Village
- The average income of a Melvin Village resident is $48,283 a year. The US average is $37,638 a year.
- The Median household income of a Melvin Village resident is $0 a year. The US average is $69,021 a year.