Living in Melbourne, Arkansas
Cost of living, income, home prices, rent and demographics of Melbourne · Census data 2020–2024
Melbourne has 2,263 residents with a median age of 40. The median household income is $39,469 (35% lower than the Arkansas median), the median home value is $172,800, the median rent is $601/month.
Melbourne at a glance
- Population
- 2,263
- Median age
- 40State: 38.5
- Median household income
- $39,469State: $60,773
- Median home value
- $172,800State: $188,000
- Median rent
- $601/moState: $947
- Homeowners
- 54.9%
- Bachelor's degree or higher
- 13.4%
- Average commute
- 25 min
Is Melbourne a good place to live?
Pros: Home values 8% lower than the state median.
Cons: Median household income 35% lower than the Arkansas median; an average commute of 25 minutes; unemployment of 5.6%; a poverty rate of 30.8%.
The weather is best in May–June and September–October.
Cost of living in Melbourne
Housing is the biggest part of the cost of living. In Melbourne the median home value is $172,800, 48% lower than the U.S. median. Renters pay a median of $601 per month, which is 26.2% of household income. Homeowners with a mortgage pay $1,125 a month in housing costs.
Melbourne median household income
The median household income in Melbourne is $39,469 and the income per person is $19,732. 30.8% of residents live below the poverty line (Arkansas: 16%).
Housing in Melbourne: homes for sale and rent
- Housing units
- 1,010
- Owner-occupied
- 54.9%
- Renter-occupied
- 45.1%
- Vacant
- 20.1%Includes seasonal homes
- Median year built
- 1984
- Average household size
- 2.66
Melbourne demographics
- Population
- 2,263
- Median age
- 40
- Under 18
- 21.3%
- 65 and older
- 19.3%
- Households
- 807
- Foreign-born
- 0.6%
- Veterans
- 6.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Melbourne ›
Education in Melbourne
13.4% of adults 25 and older in Melbourne have a bachelor's degree or higher (Arkansas: 25.7%), and 4.6% have a graduate or professional degree.
Jobs and commute in Melbourne
- Unemployment rate
- 5.6%State: 4.9%
- Average commute
- 25 minState: 23 min
- Work from home
- 6.4%
- Drive alone
- 81.9%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 89.7%
Melbourne vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Melbourne | 2,263 | $39,469 | $172,800 | $601 |
| Mount Pleasant | 345 | $42,031 | $117,800 | $494 |
| Franklin | 283 | $50,000 | $117,500 | — |
| Oxford | 820 | $51,591 | $97,100 | — |
| Sidney | 175 | $48,750 | $126,300 | $725 |
| Horseshoe Bend | 2,555 | $46,080 | $128,500 | $748 |
| Calico Rock | 1,771 | $26,655 | $93,800 | $405 |
| Pineville | 306 | $38,906 | — | $883 |
| Evening Shade | 534 | $33,281 | $129,300 | $625 |
More for people moving to Melbourne
Melbourne ZIP code ›Weather and climate ›Living in Melbourne: FAQ
What is the median household income in Melbourne, AR?
The median household income in Melbourne is $39,469, 35% lower than the Arkansas median of $60,773 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Melbourne?
The median home value in Melbourne is $172,800, compared with $188,000 in Arkansas.
How much is rent in Melbourne?
The median gross rent in Melbourne is $601 per month, about 26.2% of household income.
Is Melbourne, AR a good place to live?
Pluses: home values 8% lower than the state median. Minuses: median household income 35% lower than the Arkansas median; an average commute of 25 minutes; unemployment of 5.6%; a poverty rate of 30.8%.
What is the median age in Melbourne?
The median age in Melbourne is 40 years (Arkansas: 38.5).
How long is the commute in Melbourne?
The average commute to work in Melbourne is 25 minutes; 6.4% of workers work from home.
What is the unemployment rate in Melbourne?
The unemployment rate in Melbourne is 5.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Melbourne?
13.4% of adults in Melbourne have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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