Melbourne Village, FL

Full City Profile · Florida · Brevard County County

4.7 /5.0
A+ Excellent
753 Population 1,298/sq mi density
$93,846 Median Income $46,391 per capita
$348,600 Home Value $429,376 Zillow
$1,167 Median Rent 40.0% income on rent
73°F Avg Temperature
A+
Overall
4.7 / 5.0
Strong
A+
Economy
4.6 / 5.0
$93,846 median income, 3.2% unemployment
A+
Affordability
4.6 / 5.0
$348,600 home value, $1,167/mo rent
A+
Education
5.0 / 5.0
55.0% bachelor's degree or higher

Melbourne Village, FL

At a Glance

Median Income
$93,846
25% above
$46,391 per capita
Home Value
$348,600
24% above
Zillow: $429,376
Median Rent
$1,167/mo
0% below
40.0% of income on rent
Bachelor's Degree+
55.0%
63% above
95.3% high school+
Unemployment
3.2%
11% below
6.3% poverty rate
Obesity Rate
32.0%
0% below
12.5% smoking rate
Avg Temperature
73°F

How Melbourne Village Compares to the U.S. Average

Each bar shows Melbourne Village's value as a percentage of the national average (100% = U.S. avg)

Income
125%
Home Value
124%
Rent
100%
Poverty
51%
Bachelor's
163%
Unemployment
89%
Thin vertical line = U.S. national average (100%)

Is Melbourne Village a Good Place to Live?

A+
4.7 / 5.0 - Excellent
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Melbourne Village residents earn a median household income of $93,846 , which is 25% above the national average of $75,149. Per capita income is $46,391. The unemployment rate stands at 3.2% (11% below the U.S. rate of 3.6%). 6.3% of residents live below the poverty line. The area is home to 18,850 business establishments, including 1,318 restaurants.

Housing & Cost of Living

The median home value in Melbourne Village is $348,600 , 24% above the national median of $281,900. Zillow estimates the typical home at $429,376. Median rent is $1,167/month, with 40.0% of renters spending more than 30% of income on housing. The cost of living index is 103.4 (100 = national average). The median home was built in 1960.

Education

55.0% of adults in Melbourne Village hold a bachelor's degree or higher (63% above the national average). 95.3% have completed high school. Local schools score 6.3/10 in standardized testing.

Climate & Weather

Melbourne Village has an average annual temperature of 73°F (23°C). Winters average 62°F in January while summers reach 82°F in July. Annual precipitation totals 50.8 inches.

Data Overview

People

Population753
Median Age59.5 yrs
Density1,298/mi²
Male / Female48% / 52%
Foreign Born11.2%
Veterans12.4%

Economy

A+
Median Income$93,846
Per Capita$46,391
Unemployment3.2%
Poverty6.3%
County GDP$43,482M
Avg Weekly Wage$1,309

Housing

A+
Home Value$348,600
Rent$1,167
Ownership91.1%
Zillow$429,376
Housing Units397
Rent Burden40.0%

Health

Obesity32.0%
Diabetes8.6%
Smoking12.5%
Heart Disease5.2%
Premature Death10,703/100K

Climate

Avg Temp73°F
Rain50.8 in/yr
Elevation23 ft

Education

A+
Bachelor's+55.0%
High School+95.3%
Graduate+25.2%
School Score6.3/10

Community

2024 VoteR 60% / D 39%
Commute27 min
Broadband97.5%
Internet Speed164 Mbps
EV Stations51
Libraries18

Did You Know?

The median home in Melbourne Village was built in 1960.
16.2% work from home.
The nearest airport is Melbourne Orlando International (2 miles).
The Gini coefficient (income inequality) is 0.452 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively High" by FEMA.
16.6% of the population has a disability.
11.2% of residents are foreign-born.
Average internet download speed is 164 Mbps.
There are 1,318 restaurants in the area.
The county recorded 96 fatal vehicle crashes.