Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 57.1 yrs |
|---|---|
| Avg HH Size | 2.18 |
| Below Poverty | 15.6% ▲ 56% above avg |
| College Grads | 43.6% ▲ 13% above avg |
| Unemployment | 29.0% ▲ 492% above avg |
| No HS Diploma | 1 (0.6%) |
| HS Graduate | 60 (36.4%) |
| Some College | 5 (3%) |
| Associates | 27 (16.4%) |
| Bachelors | 28 (17%) |
| Graduate Degree | 44 (26.7%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $50,938 ▼ 33% below avg |
|---|---|
| Median Home Value | $484,600 ▲ 74% above avg |
| Home/Income Ratio | 9.5x (nat avg ~3.5x) |
| Median Rent | $943/mo |
| Total Housing Units | 135 |
| Vacant Units | 47 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Melrose is a city in Montana, located in Silver Bow County. The city spans 1 ZIP code and is home to approximately 192 residents. It is an older city, with a median age of 57.1 years.
Economically, Melrose is a working-class community. The median household income of $50,938 is below the national average. Approximately 15.6% of residents live below the poverty line. The unemployment rate is 29.0%, more than double the national average.
The real estate market in Melrose is a premium housing market. Median home values stand at $484,600, which is significantly above the national average. Renters typically pay around $943 per month. Homeownership is high at 79.6%, typical of suburban and family-oriented communities.
The population of Melrose is well-educated. 43.6% of adults hold a bachelor's degree or higher — near the national average. The community is primarily White (99.48%).
Melrose, MT offers residents a cost-conscious lifestyle within Montana.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 59743 | 192 | $50,938 | $484,600 | $943 | 29.0% | 43.6% | 79.6% |