Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 38.6 yrs |
|---|---|
| Avg HH Size | 2.67 |
| Below Poverty | 37.7% ▲ 277% above avg |
| College Grads | 19.3% ▼ 50% below avg |
| Unemployment | 30.3% ▲ 519% above avg |
| HS Graduate | 180 (66.7%) |
| Associates | 38 (14.1%) |
| Bachelors | 19 (7%) |
| Graduate Degree | 33 (12.2%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $23,871 ▼ 69% below avg |
|---|---|
| Median Home Value | $86,100 ▼ 69% below avg |
| Home/Income Ratio | 3.6x (nat avg ~3.5x) |
| Total Housing Units | 355 |
| Vacant Units | 149 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Melvin is a city in Kentucky, located in Floyd County. The city spans 1 ZIP code and is home to approximately 549 residents. It is a middle-aged city, with a median age of 38.6 years.
Economically, Melvin is a lower-income community. The median household income of $23,871 is well below the national average. Approximately 37.7% of residents live below the poverty line. The unemployment rate is 30.3%, more than double the national average.
The real estate market in Melvin is one of the more affordable housing markets in the country. Median home values stand at $86,100, which is well below the national average. Homeownership is high at 63.1%, typical of suburban and family-oriented communities.
The population of Melvin is less-educated. 19.3% of adults hold a bachelor's degree or higher — well below the national average. The community is primarily White (100%).
Melvin, KY offers residents a cost-conscious lifestyle within Kentucky.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 41650 | 549 | $23,871 | $86,100 | — | 30.3% | 19.3% | 63.1% |