Melvin, TX is a great place to live! This small town offers affordable housing costs of $810 for 2 bedroom apartments compared to $1,430 in the US. The grocery cost index is also much lower in Melvin at 86 compared to 100 in the US. Residents of Melvin have access to many local amenities such as the Edge Ranch Steakhouse, The Pool Room Bar & Grill, and Shawver Well Service Inc. Additionally, community activities such as church events held at First United Methodist Church and outdoor activities at nearby Cedar Creek Lake add to the charm of this small town. All of these factors make Melvin an ideal place for people looking for a safe and affordable home or vacation spot.
Melvin has an unemployment rate of 7.7%. The US average is 6.0%.
Melvin has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 17.6%, which is lower than the US average of 33.5%.
Tax Rates for Melvin
- The Sales Tax Rate for Melvin is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Melvin 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
- The average income of a Melvin resident is $14,623 a year. The US average is $28,555 a year.
- The Median household income of a Melvin resident is $47,917 a year. The US average is $69,021 a year.