Zip 11747 (Melville, NY) Economy


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11747 Melville, NY is a great place to live with many local companies and amenities. The 2 bedroom rent in the area is $3,240 which is more than double the national rate of $1,430. Grocery costs also rank higher than the national index with 109 versus 100. With such a good income-to-cost ratio, it’s no wonder why many residents choose to stay in the area. There are plenty of local companies that contribute to the lively atmosphere such as The Melville Grill, J&S Hardwood Flooring, and Goodzeit Market. There are also plenty of parks and recreational centers for children and adults including Wildwood State Park and Spurrelli Park. All these amenities make 11747 Melville an ideal location to call home.

Melville (zip 11747) has an unemployment rate of 6.1%. The US average is 6.0%.

Melville (zip 11747) has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 26.8%, which is lower than the US average of 33.5%.

Tax Rates for Melville (zip 11747)
- The Sales Tax Rate for Melville (zip 11747) is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Melville (zip 11747) is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Melville (zip 11747)
- The average income of a Melville (zip 11747) resident is $59,365 a year. The US average is $28,555 a year.
- The Median household income of a Melville (zip 11747) resident is $123,648 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMelville, New YorkUnited States
  6.16
  -6.6%-6.2%
  26.8%33.5%
  8.6%6.2%
  6.2%4.6%
  $68,891$37,638
  $123,648$69,021
  $156,033$85,028
  Population by Occupation
  0.6%1.2%
  0.0%0.5%
  2.1%6.8%
  6.1%10.0%
  3.0%2.5%
  9.6%11.0%
  3.4%4.8%
  0.5%0.8%
  2.0%1.9%
  10.5%4.7%
  2.6%1.9%
  18.2%7.6%
  0.6%0.1%
  2.4%4.2%
  10.7%9.3%
  16.9%14.0%
  2.5%2.1%
  0.7%7.0%
  2.4%4.8%
  5.2%4.7%
Health