Melville, RI is a small town located in the southeastern part of Rhode Island. It is home to many businesses such as Melville Lumber Company and U-Haul of Melville. The cost of living in Melville is higher than the US overall, with a 2 bedroom rent costing $2,080 compared to $1,430 nationally. Additionally, the Grocery Cost Index in Melville is 108 versus 100 in the US. Despite these higher costs, many people choose to live in this small town due to its convenient location and friendly atmosphere.
Melville has an unemployment rate of 6.9%. The US average is 6.0%.
Melville has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 31.8%, 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 3.8%. 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 $15,411 a year. The US average is $28,555 a year.
- The Median household income of a Melville resident is $94,929 a year. The US average is $69,021 a year.