Melbourne, IA
Full City Profile · Iowa · Jasper County County
Melbourne, IA
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 $82,857 , which is 10% above the national average of $75,149. Per capita income is $39,979. The unemployment rate stands at 4.5% (25% above the U.S. rate of 3.6%). 2.7% of residents live below the poverty line. The area is home to 984 business establishments, including 63 restaurants.
Housing & Cost of Living
The median home value in Melbourne is $147,400 , 48% below the national median of $281,900. Zillow estimates the typical home at $251,108. Median rent is $722/month, with 21.9% of renters spending more than 30% of income on housing. The cost of living index is 87.8 (100 = national average). The median home was built in 1962.
Education
19.4% of adults in Melbourne hold a bachelor's degree or higher (42% below the national average). 96.8% have completed high school. Local schools score 5.8/10 in standardized testing.
Climate & Weather
Melbourne has an average annual temperature of 48°F (9°C). Winters average 19°F in January while summers reach 73°F in July. Annual precipitation totals 32.8 inches.