Melbourne, AR
Full City Profile · Arkansas · Izard County County
Melbourne, AR
At a Glance
How Melbourne Compares to the U.S. Average
Each bar shows Melbourne's value as a percentage of the national average (100% = U.S. avg)
Is Melbourne a Good Place to Live?
Economy & Jobs
Melbourne residents earn a median household income of $34,303 , which is 54% below the national average of $75,149. Per capita income is $20,538. The unemployment rate stands at 6.0% (67% above the U.S. rate of 3.6%). 31.4% of residents live below the poverty line. The area is home to 256 business establishments, including 17 restaurants.
Housing & Cost of Living
The median home value in Melbourne is $203,000 , 28% below the national median of $281,900. Zillow estimates the typical home at $179,899. Median rent is $620/month, with 26.1% of renters spending more than 30% of income on housing. The cost of living index is 86.9 (100 = national average). The median home was built in 1980.
Education
15.8% of adults in Melbourne hold a bachelor's degree or higher (53% below the national average). 85.6% have completed high school. Local schools score 5.5/10 in standardized testing.
Climate & Weather
Melbourne has an average annual temperature of 58°F (15°C). Winters average 37°F in January while summers reach 79°F in July. Annual precipitation totals 48.9 inches.