Melbourne, Australia

Full City Profile

2.4 /5.0

C Fair

5,350,705 Population 1,387/sq mi density

82 ft Elevation 25 meters

59°F Avg Temperature 15°C

Overall

2.4 / 5.0

Fair overall score based on economy, affordability, safety and education

Economy

2.3 / 5.0

$29,203 median income, 8.6% unemployment

C+

Affordability

2.5 / 5.0

$214,600 home value, $1,073/mo rent

Melbourne, Australia

At a Glance

Median Income

$29,203

61% below

$29,203 per capita

Home Value

$214,600

24% below

Median Rent

$1,073/mo

8% below

Unemployment

8.6%

139% above

Avg Temperature

59°F

292 sunny days/yr

Is Melbourne a Good Place to Live?

2.4 / 5.0 — Fair

Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Melbourne residents earn a median household income of $29,203 , which is 61% below the national average of $75,149. Per capita income is $29,203. The unemployment rate stands at 8.6% (139% above the U.S. rate of 3.6%). The area is home to 2,853 business establishments, including 1,217 restaurants.

Housing & Cost of Living

The median home value in Melbourne is $214,600 , 24% below the national median of $281,900. Median rent is $1,073/month.

Climate & Weather

Melbourne has an average annual temperature of 59°F (15°C). Winters average 68°F in January while summers reach 52°F in July. The area gets 292 sunny days per year. Annual precipitation totals 33.2 inches.

Data Overview

People

Population5,350,705

Median Age29.0 yrs

Density1,387/mi²

Foreign Born64.0%

Economy

Median Income$29,203

Per Capita$29,203

Unemployment8.6%

Poverty

Avg Weekly Wage$562

Housing

C+

Home Value$214,600

Rent$1,073

Ownership26.7%

Housing Units2,140,282

Climate

Avg Temp59°F

Sunny Days292/yr

Rain33.2 in/yr

Elevation82 ft

Did You Know?

Melbourne was founded in 1835.

64.0% of residents are foreign-born.

There are 1,217 restaurants in the area.