Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 50.7 yrs |
|---|---|
| Avg HH Size | 2.15 |
| Below Poverty | 21.8% ▲ 118% above avg |
| College Grads | 40.6% ≈ Avg |
| Unemployment | 6.5% ▲ 32% above avg |
| No HS Diploma | 9 (1.5%) |
| HS Graduate | 134 (22.4%) |
| Some College | 85 (14.2%) |
| Associates | 127 (21.2%) |
| Bachelors | 98 (16.4%) |
| Graduate Degree | 145 (24.2%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $51,696 ▼ 32% below avg |
|---|---|
| Median Home Value | $123,800 ▼ 56% below avg |
| Home/Income Ratio | 2.4x (nat avg ~3.5x) |
| Median Rent | $716/mo |
| Total Housing Units | 572 |
| Vacant Units | 151 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Melrose is a city in New Mexico, located in Curry County. The city spans 1 ZIP code and is home to approximately 907 residents. It is a mature city, with a median age of 50.7 years.
Economically, Melrose is a working-class community. The median household income of $51,696 is below the national average. Approximately 21.8% of residents live below the poverty line. The unemployment rate is 6.5%, above the national average.
The real estate market in Melrose is one of the more affordable housing markets in the country. Median home values stand at $123,800, which is well below the national average. Renters typically pay around $716 per month. Homeownership is high at 83.9%, typical of suburban and family-oriented communities.
The population of Melrose is well-educated. 40.6% of adults hold a bachelor's degree or higher — near the national average. The community is primarily White (79.71%).
Melrose, NM offers residents a cost-conscious lifestyle within New Mexico.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 88124 | 907 | $51,696 | $123,800 | $716 | 6.5% | 40.6% | 83.9% |