Melbourne City Centre, Australia

Full City Profile

4.3 /5.0

A Great

60,057 Population 23,927/sq mi density

105 ft Elevation 32 meters

59°F Avg Temperature 15°C

Overall

4.3 / 5.0

Strong

B+

Economy

3.7 / 5.0

$65,058 median income, 4.1% unemployment

A+

Affordability

4.8 / 5.0

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

Melbourne City Centre, Australia

At a Glance

Median Income

$65,058

13% below

$65,058 per capita

Home Value

$214,600

24% below

Median Rent

$1,073/mo

8% below

Unemployment

4.1%

14% above

Avg Temperature

59°F

292 sunny days/yr

Is Melbourne City Centre a Good Place to Live?

4.3 / 5.0 — Great

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

Economy & Jobs

Melbourne City Centre residents earn a median household income of $65,058 , which is 13% below the national average of $75,149. Per capita income is $65,058. The unemployment rate stands at 4.1% (14% above the U.S. rate of 3.6%). The area is home to 5,705 business establishments.

Housing & Cost of Living

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

Climate & Weather

Melbourne City Centre 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

Population60,057

Median Age37.5 yrs

Density23,927/mi²

Foreign Born30.0%

Economy

B+

Median Income$65,058

Per Capita$65,058

Unemployment4.1%

Poverty

Avg Weekly Wage$1,251

Housing

A+

Home Value$214,600

Rent$1,073

Ownership66.0%

Housing Units24,023

Climate

Avg Temp59°F

Sunny Days292/yr

Rain33.2 in/yr

Elevation105 ft

Did You Know?

30.0% of residents are foreign-born.