Melbourne, FL is an ideal city for those looking for an affordable place to live. With a two bedroom rent of just $1,770 per month, Melbourne offers a cost of living significantly lower than the US average of $1,430. Furthermore, the Grocery Cost Index in Melbourne is 105 versus 100 in the US, so you can rest assured that your grocery bills will not be too high. The city also enjoys a wide variety of businesses and organizations; notable local companies in Melbourne include Harris Corporation, Northrop Grumman, Brevard Public Schools, and Health First. All in all, living in 32934 Melbourne gives residents access to great amenities at an affordable price.
Melbourne (zip 32934) has an unemployment rate of 4.7%. The US average is 6.0%.
Melbourne (zip 32934) has seen the job market decrease by -4.2% over the last year. Future job growth over the next ten years is predicted to be 40.7%, which is higher than the US average of 33.5%.
Tax Rates for Melbourne (zip 32934)
- The Sales Tax Rate for Melbourne (zip 32934) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Melbourne (zip 32934) 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 Melbourne (zip 32934)
- The average income of a Melbourne (zip 32934) resident is $43,058 a year. The US average is $37,638 a year.
- The Median household income of a Melbourne (zip 32934) resident is $91,600 a year. The US average is $69,021 a year.