Living in Melbourne Village, Florida
Cost of living, income, home prices, rent and demographics of Melbourne Village · Census data 2020–2024
Melbourne Village has 778 residents with a median age of 60. The median household income is $100,000 (34% higher than the Florida median), the median home value is $385,000, the median rent is $1,473/month.
Melbourne Village is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Melbourne Village at a glance
- Population
- 778
- Median age
- 60State: 42.6
- Median household income
- $100,000State: $74,568
- Median home value
- $385,000State: $359,000
- Median rent
- $1,473/moState: $1,669
- Homeowners
- 89%
- Bachelor's degree or higher
- 56.5%
- Average commute
- 24 min
Is Melbourne Village a good place to live?
Pros: Median household income 34% higher than the Florida median; an average commute of 24 minutes; unemployment of 2.7%; a poverty rate of 6.4%.
Cons: Home values 7% higher than the state median.
The weather is best in February–March and November–December.
Cost of living in Melbourne Village
Housing is the biggest part of the cost of living. In Melbourne Village the median home value is $385,000, 16% higher than the U.S. median. Renters pay a median of $1,473 per month, which is 36.5% of household income. Homeowners with a mortgage pay $2,238 a month in housing costs.
Melbourne Village median household income
The median household income in Melbourne Village is $100,000 and the income per person is $46,566. 6.4% of residents live below the poverty line (Florida: 12.6%).
Housing in Melbourne Village: homes for sale and rent
- Housing units
- 383
- Owner-occupied
- 89%
- Renter-occupied
- 11%
- Vacant
- 12.3%Includes seasonal homes
- Median year built
- 1963
- Average household size
- 2.32
Melbourne Village demographics
- Population
- 778
- Median age
- 60
- Under 18
- 15.2%
- 65 and older
- 42.2%
- Households
- 336
- Foreign-born
- 11.1%
- Veterans
- 11.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Melbourne Village ›
Education in Melbourne Village
56.5% of adults 25 and older in Melbourne Village have a bachelor's degree or higher (Florida: 34.1%), and 26.1% have a graduate or professional degree.
Jobs and commute in Melbourne Village
- Unemployment rate
- 2.7%State: 4.8%
- Average commute
- 24 minState: 28 min
- Work from home
- 18.5%
- Drive alone
- 75.7%
- Public transit
- 3.3%
- Walk to work
- 0%
- Homes with broadband
- 99.1%
Melbourne Village vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Melbourne Village | 778 | $100,000 | $385,000 | $1,473 |
| Melbourne | 86,576 | $66,991 | $306,400 | $1,525 |
| June Park | 4,255 | $88,243 | $411,200 | $1,755 |
| West Melbourne | 28,795 | $92,986 | $377,100 | $1,845 |
| Indialantic | 3,065 | $104,184 | $604,200 | $1,554 |
| Indian Harbour Beach | 9,025 | $97,254 | $440,200 | $1,827 |
| Melbourne Beach | 3,250 | $102,857 | $708,400 | $1,307 |
| Palm Shores | 1,458 | $77,500 | $351,600 | — |
| Satellite Beach | 11,313 | $119,134 | $502,500 | $1,909 |
More for people moving to Melbourne Village
Melbourne Village ZIP code ›Weather and climate ›Living in Melbourne Village: FAQ
What is the median household income in Melbourne Village, FL?
The median household income in Melbourne Village is $100,000, 34% higher than the Florida median of $74,568 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Melbourne Village?
The median home value in Melbourne Village is $385,000, compared with $359,000 in Florida.
How much is rent in Melbourne Village?
The median gross rent in Melbourne Village is $1,473 per month, about 36.5% of household income.
Is Melbourne Village, FL a good place to live?
Pluses: median household income 34% higher than the Florida median; an average commute of 24 minutes; unemployment of 2.7%; a poverty rate of 6.4%. Minuses: home values 7% higher than the state median.
What is the median age in Melbourne Village?
The median age in Melbourne Village is 60 years (Florida: 42.6).
How long is the commute in Melbourne Village?
The average commute to work in Melbourne Village is 24 minutes; 18.5% of workers work from home.
What is the unemployment rate in Melbourne Village?
The unemployment rate in Melbourne Village is 2.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Melbourne Village?
56.5% of adults in Melbourne Village 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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