Last updated: 2024 BLS data · Page refreshed:
Melrose Park has a population of 2,266 with a median age of 48.4. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 2,266 |
| Median Age | 48.4 |
| White | 45.6% |
| Black or African American | 31.1% |
| Asian | 11.5% |
| Hispanic or Latino | 4.5% |
| Other / Two or More Races | 7.3% |
The median household income in Melrose Park is $168,750, which is 109.3% above the national median of $80,610. The per capita income is $68,607. The poverty rate is 5.4%.
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In Melrose Park, 99.1% of residents age 25+ have a high school diploma or higher, and 73.4% hold a bachelor's degree or higher (46.4% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 99.1% |
| Bachelor's Degree or Higher | 73.4% |
| Graduate or Professional Degree | 46.4% |
The median home value in Melrose Park is $465,200, above the national median of $303,400. The median monthly rent is $1,772. The homeownership rate is 82.4%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $465,200 |
| Median Monthly Rent | $1,772 |
| Homeownership Rate | 82.4% |
| Vacancy Rate | 2.5% |
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