Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 44.3 yrs |
|---|---|
| Avg HH Size | 2.36 |
| Below Poverty | 3.7% ▼ 63% below avg |
| College Grads | 68.0% ▲ 76% above avg |
| Unemployment | 4.1% ▼ 17% below avg |
| No HS Diploma | 311 (1.5%) |
| HS Graduate | 3,757 (18.4%) |
| Some College | 776 (3.8%) |
| Associates | 1,669 (8.2%) |
| Bachelors | 1,275 (6.3%) |
| Graduate Degree | 12,577 (61.8%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $126,854 ▲ 66% above avg |
|---|---|
| Median Home Value | $796,100 ▲ 186% above avg |
| Home/Income Ratio | 6.3x (nat avg ~3.5x) |
| Median Rent | $1,933/mo |
| Total Housing Units | 12,724 |
| Vacant Units | 356 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Melrose is a city in Massachusetts, located in Middlesex County. The city spans 1 ZIP code and is home to approximately 29,488 residents. It is a middle-aged city, with a median age of 44.3 years.
Economically, Melrose is a upper-middle-income community. The median household income of $126,854 is significantly above the national average. Approximately 3.7% of residents live below the poverty line. The unemployment rate is 4.1%, below the national average.
The real estate market in Melrose is a premium housing market. Median home values stand at $796,100, which is more than double the national average. Renters typically pay around $1,933 per month. Homeownership is high at 67.8%, typical of suburban and family-oriented communities.
The population of Melrose is highly educated. 68.0% of adults hold a bachelor's degree or higher — significantly above the national average. The community is primarily White (76.87%).
Melrose, MA offers residents above-average earning potential within Massachusetts.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 02176 | 29,488 | $126,854 | $796,100 | $1,933 | 4.1% | 68.0% | 67.8% |