Last updated: 2024 BLS data · Page refreshed:
Melrose has a population of 29,650 with a median age of 43.6. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 29,650 |
| Median Age | 43.6 |
| White | 77.9% |
| Black or African American | 1.6% |
| Asian | 11.0% |
| Hispanic or Latino | 5.2% |
| Other / Two or More Races | 4.3% |
The median household income in Melrose is $133,953, which is 66.2% above the national median of $80,610. The per capita income is $67,861. The poverty rate is 3.8%.
The unemployment rate in Melrose is 3.5%, compared to the national rate of 4.1%.
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In Melrose, 95.3% of residents age 25+ have a high school diploma or higher, and 62.0% hold a bachelor's degree or higher (28.2% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 95.3% |
| Bachelor's Degree or Higher | 62.0% |
| Graduate or Professional Degree | 28.2% |
The median home value in Melrose is $822,900, above the national median of $303,400. The median monthly rent is $1,970. The homeownership rate is 67.2%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $822,900 |
| Median Monthly Rent | $1,970 |
| Homeownership Rate | 67.2% |
| Vacancy Rate | 2.9% |
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