Melville, ND is a small town located in the midwest region of the United States. Being a rural area, it has a small population and a relaxed atmosphere. The median 2-bedroom rent in Melville is 850 USD compared to 1430 USD in the US, making it more affordable for residents of this city. Additionally, the Grocery Cost Index in Melville is 97 versus 100 in the US, meaning groceries are slightly cheaper here than average. \nThe local economy mainly consists of agricultural production, as well as small businesses such as Peterson's Hardware Store and Schimke's Supermarket which are popular among locals. For those looking for employment opportunities outside of agriculture or small business ownership there are a few larger companies such as BNSF Railway that offer employment opportunities to locals from Melville.
Melville has an unemployment rate of 3.1%. The US average is 6.0%.
Melville has seen the job market decrease by -3.0% over the last year. Future job growth over the next ten years is predicted to be 26.2%, which is lower than the US average of 33.5%.
Tax Rates for Melville
- The Sales Tax Rate for Melville is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Melville is 2.0%. 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 $29,585 a year. The US average is $28,555 a year.
- The Median household income of a Melville resident is $108,462 a year. The US average is $69,021 a year.