The small town of Melvin, Michigan (48454) is an affordable place to live. According to recent surveys by HomeRentListings.com, the average rental price for a two-bedroom apartment is just $830 per month compared to the national average of $1,430. This same survey also revealed that grocery costs in Melvin are much lower than the rest of the country as well; with a grocery cost index of 92 compared to 100 nationally.
Melvin has plenty of local businesses to choose from like Dave's Auto Services which provides excellent car repair services for all makes and models or Vicky's Salon who offers quality hair styling options at reasonable prices. You can also find premier dining locations such as La Lola Cafe or The Woodstone Grill for a satisfying meal.
With its low rent and living costs, plus its unique local businesses, Melvin is an ideal place to live and work in Michigan. Sources: HomeRentListings.com; Dave's Auto Services; Vicky's Salon; La Lola Cafe; The Woodstone Grill
Melvin (zip 48454) has an unemployment rate of 6.4%. The US average is 6.0%.
Melvin (zip 48454) has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 23.1%, which is lower than the US average of 33.5%.
Tax Rates for Melvin (zip 48454)
- The Sales Tax Rate for Melvin (zip 48454) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Melvin (zip 48454) is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Melvin (zip 48454)
- The average income of a Melvin (zip 48454) resident is $20,062 a year. The US average is $28,555 a year.
- The Median household income of a Melvin (zip 48454) resident is $50,833 a year. The US average is $69,021 a year.