Melrose, NM is a small town located in the southern part of the state. It offers a unique cultural experience with its vibrant local businesses, friendly neighborhoods, and recreational activities. There are numerous local companies that have made their mark in Melrose such as The Melrose Inn, Melrose Medical Center and Melrose Library. The 2 bedroom rent in Melrose is significantly lower than the US average at $900 compared to $1,430. Additionally, grocery cost index here is 90 versus 100 nationally. All these factors make Melrosae an attractive destination for families looking for affordability and comfort.
Melrose has an unemployment rate of 5.4%. The US average is 6.0%.
Melrose has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 29.9%, which is lower than the US average of 33.5%.
Tax Rates for Melrose
- The Sales Tax Rate for Melrose is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Melrose is 4.9%. 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 $21,832 a year. The US average is $37,638 a year.
- The Median household income of a Melrose resident is $42,969 a year. The US average is $69,021 a year.