Is Melrose Park a Good Place to Live?
Based on current data, Melrose Park receives an overall livability score of 4.9 out of 5.0, earning a grade of A+. Key strengths include above-average household incomes, a highly educated population, a low poverty rate. Areas to be aware of include high housing costs, long commute times. Melrose Park stands out as an excellent place to live, with strong marks across most quality-of-life indicators.
Economy & Jobs
The median household income in Melrose Park is $154,946, which is significantly higher than the national average — 106% above $75,149. This places Melrose Park among higher-income communities. Unemployment stands at 4.0%, indicating a healthy job market. Only 6.8% of residents live below the poverty line, well below the national rate of 12.4%. Workers commute an average of 37 minutes, longer than the typical American commute of 28 minutes.
Cost of Living & Housing
The median home value in Melrose Park is $427,400, making it a premium housing market at 52% above the U.S. median of $281,900. Renters pay a median of $1,661 per month, significantly above the national average of $1,163. At just 2.8x median income, home prices are very affordable relative to local earnings.
Education
Melrose Park is a highly educated community — 76.5% of adults hold a bachelor's degree or higher, well above the national average of 33.7%. 99.9% have completed high school. Area schools have an average test score of 5.9/10.
Climate & Weather
Melrose Park enjoys a moderate climate with an average annual temperature of 56°F. Winters average 34°F in January while summers reach 79°F in July. Annual precipitation totals 45.0 inches. Air quality is rated Good with a median AQI of 40.