Melbourne, Iowa is a city located in Marshall County with a population of 50162. It is known for its rural setting and access to wonderful outdoor activities. The average two bedroom rent in Melbourne is $890, which is much lower than the U.S. average of $1430 per month. This makes it an attractive option for people looking to find affordable housing. Additionally, Melbourne has a low grocery cost index at 94 out of 100 compared to the US average, making it a great choice for those who are budget conscious as well.
The city is home to many local businesses such as NAPA Auto Parts, Damschroder & Associates, Storm Lake Tool & Die Inc., and Tolan Construction Co., all of which provide valuable services to the local community. Locals also enjoy shopping at popular stores like Walmart and Kmart that line the streets of Melbourne.
Melbourne (zip 50162) has an unemployment rate of 7.8%. The US average is 6.0%.
Melbourne (zip 50162) has seen the job market decrease by -5.9% over the last year. Future job growth over the next ten years is predicted to be 10.3%, which is lower than the US average of 33.5%.
Tax Rates for Melbourne (zip 50162)
- The Sales Tax Rate for Melbourne (zip 50162) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Melbourne (zip 50162) is 9.0%. The US average is 4.6%.
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Income and Salaries for Melbourne (zip 50162)
- The average income of a Melbourne (zip 50162) resident is $33,875 a year. The US average is $37,638 a year.
- The Median household income of a Melbourne (zip 50162) resident is $60,833 a year. The US average is $69,021 a year.