Last updated: 2024 BLS data · Page refreshed:
Melbourne has a population of 627 with a median age of 46.5. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 627 |
| Median Age | 46.5 |
| White | 89.8% |
| Black or African American | 0.5% |
| Asian | 0.6% |
| Hispanic or Latino | 0.6% |
| Other / Two or More Races | 8.5% |
The median household income in Melbourne is $80,000, which is 0.8% below the national median of $80,610. The per capita income is $26,350. The poverty rate is 24.3%.
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In Melbourne, 92.9% of residents age 25+ have a high school diploma or higher, and 29.2% hold a bachelor's degree or higher (10.0% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 92.9% |
| Bachelor's Degree or Higher | 29.2% |
| Graduate or Professional Degree | 10.0% |
The median home value in Melbourne is $166,200, below the national median of $303,400. The median monthly rent is $638. The homeownership rate is 95.1%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $166,200 |
| Median Monthly Rent | $638 |
| Homeownership Rate | 95.1% |
| Vacancy Rate | 8.0% |
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