At a Glance
Median Income
$66,458
$26,325 per capita
Home Value
$160,400
Zillow: $310,093
Median Rent
$638/mo
28.8% of income on rent
Bachelor's Degree+
32.9%
92.4% high school+
Unemployment
6.1%
6.4% poverty rate
Obesity Rate
31.0%
20.7% smoking rate
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)
Thin vertical line = U.S. national average (100%)
Is Melbourne a Good Place to Live?
A
4.1 / 5.0 - Great
Based on economy, affordability, safety, and education metrics compared to national averages.
Economy & Jobs
Melbourne residents earn a median household income of $66,458 , which is 12% below the national average of $75,149.
Per capita income is $26,325. The unemployment rate stands at 6.1% (69% above the U.S. rate of 3.6%). 6.4% of residents live below the poverty line. The area is home to 5,080 business establishments, including 354 restaurants.
Housing & Cost of Living
The median home value in Melbourne is $160,400 , 43% below the national median of $281,900.
Zillow estimates the typical home at $310,093. Median rent is $638/month, with 28.8% of renters spending more than 30% of income on housing. The cost of living index is 90.2 (100 = national average). The median home was built in 1965.
Education
32.9% of adults in Melbourne hold a bachelor's degree or higher
(2% below the national average).
92.4% have completed high school. Local schools score 5.5/10 in standardized testing.
Climate & Weather
Melbourne has an average annual temperature of 55°F (13°C).
Winters average 32°F in January while summers reach 76°F in July. Annual precipitation totals 43.4 inches.
Data Overview
People
Population539
Median Age57.2 yrs
Density642/mi²
Male / Female43% / 57%
Foreign Born0.4%
Veterans11.7%
Economy
B+
Median Income$66,458
Per Capita$26,325
Unemployment6.1%
Poverty6.4%
County GDP$10,607M
Avg Weekly Wage$1,111
Housing
A+
Home Value$160,400
Rent$638
Ownership95.7%
Zillow$310,093
Housing Units188
Rent Burden28.8%
Health
Obesity31.0%
Diabetes10.6%
Smoking20.7%
Heart Disease6.7%
Premature Death8,757/100K
Climate
Avg Temp55°F
Rain43.4 in/yr
Elevation493 ft
Education
B+
Bachelor's+32.9%
High School+92.4%
Graduate+14.1%
School Score5.5/10
Community
2024 VoteR 67% / D 32%
Commute21 min
Broadband87.7%
Internet Speed213 Mbps
EV Stations2
Libraries10
Did You Know?
The median home in Melbourne was built in 1965.
The nearest airport is Cincinnati/Northern Kentucky International (16 miles).
The Gini coefficient (income inequality) is 0.437 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Low" by FEMA.
26.4% of the population has a disability.
Average internet download speed is 213 Mbps.
There are 354 restaurants in the area.
The county recorded 21 fatal vehicle crashes.