Melrose, MA
Maps & Population Facts

Population
28,132
Population Density
6,007
Labor Participaton
72.6%
Bachelor's or Higher
54.9%
Median Household Income
$93,434
Median Individual Income
$52,582
Median Individual Income(Full-time Workers Only)
$74,893

Housing Estimates

Median House Value
$463,300
Median Gross Rent
$1,243
Median Mortgage Payment
$2,394
Housing Units
11,896
People who reside in Melrose live in:
Detached - Single Family Homes
55%
Apt, Condo, Other
45%
Analysis

Income

Households in Melrose earn significantly more money than the national median income, averaging 55% higher per household.

Housing

Melrose has a median house price of $463,300. The cost of homeownership is significantly higher than most areas. The cost of renting in Melrose is 23% more than the national average.

Percent
Renter Occupied Households 38%
New Construction (Built after 2000) 7%

Demographics

The median age in Melrose is 41. Melrose has a population that is older than in comparison to the US median age.

Melrose ranks in the highest of the nation for having an educated population with more college graduates per resident than most areas.

Housing Data

Housing Comparison
Melrose Massachusetts USA
Median Property Value 463,300 385,400 217,600
Median Mortgage Payment 2,394 2,108 1,513
Median Gross Rent 1,243 1,208 1,012
Property Vacancy 3.5% 10.0% 12.6%
% Renters 33% 38% 36%
Residents per Sq. Mi. 6,007 885 93
Personal Comparison
Melrose Massachusetts USA
Median Household Income 93,434 77,385 60,336
Median Individual Income 52,582 41,700 33,646
Median Income (Full-Time) 74,893 60,923 46,881
Median Age 40.5 39.5 38.1
Labor Participation 72.6% 67.8% 62.8%
Attained College Degree 54.9% 43.4% 32.0%

Population Density Analysis

Melrose, MA
6,007
Residents per Sq. Mile
The population density of Melrose is comparable to that of a Mid-Sized City.
Major City
10,000 Residents +
Mid-Sized City
5,000 Residents +
Small City
2,500 Residents +
Suburban
500 Residents +
Rural
100 Residents +
Remote
1 Residents +

Demographics