Living in Melbourne, Florida
Cost of living, income, home prices, rent and demographics of Melbourne · Census data 2020–2024
Melbourne has 86,576 residents with a median age of 42.5. The median household income is $66,991 (10% lower than the Florida median), the median home value is $306,400, the median rent is $1,525/month.
Melbourne at a glance
- Population
- 86,576
- Median age
- 42.5State: 42.6
- Median household income
- $66,991State: $74,568
- Median home value
- $306,400State: $359,000
- Median rent
- $1,525/moState: $1,669
- Homeowners
- 59.7%
- Bachelor's degree or higher
- 34.7%
- Average commute
- 23 min
Is Melbourne a good place to live?
Pros: Home values 15% lower than the state median; an average commute of 23 minutes; unemployment of 4.6%.
Cons: Median household income 10% lower than the Florida median; a poverty rate of 15.8%.
The weather is best in February–March and November–December.
Cost of living in Melbourne
Housing is the biggest part of the cost of living. In Melbourne the median home value is $306,400, 8% lower than the U.S. median. Renters pay a median of $1,525 per month, which is 34.5% of household income. Homeowners with a mortgage pay $1,689 a month in housing costs.
Melbourne median household income
The median household income in Melbourne is $66,991 and the income per person is $38,249. 15.8% of residents live below the poverty line (Florida: 12.6%).
Housing in Melbourne: homes for sale and rent
- Housing units
- 41,217
- Owner-occupied
- 59.7%
- Renter-occupied
- 40.3%
- Vacant
- 10.1%Includes seasonal homes
- Median year built
- 1985
- Average household size
- 2.24
Melbourne demographics
- Population
- 86,576
- Median age
- 42.5
- Under 18
- 17.6%
- 65 and older
- 22.5%
- Households
- 37,041
- Foreign-born
- 10.4%
- Veterans
- 11.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Melbourne ›
Education in Melbourne
34.7% of adults 25 and older in Melbourne have a bachelor's degree or higher (Florida: 34.1%), and 12.9% have a graduate or professional degree.
Jobs and commute in Melbourne
- Unemployment rate
- 4.6%State: 4.8%
- Average commute
- 23 minState: 28 min
- Work from home
- 14.1%
- Drive alone
- 72%
- Public transit
- 1.1%
- Walk to work
- 3%
- Homes with broadband
- 90.4%
Melbourne vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Melbourne | 86,576 | $66,991 | $306,400 | $1,525 |
| Melbourne Village | 778 | $100,000 | $385,000 | $1,473 |
| June Park | 4,255 | $88,243 | $411,200 | $1,755 |
| West Melbourne | 28,795 | $92,986 | $377,100 | $1,845 |
| Indian Harbour Beach | 9,025 | $97,254 | $440,200 | $1,827 |
| Palm Shores | 1,458 | $77,500 | $351,600 | — |
| Indialantic | 3,065 | $104,184 | $604,200 | $1,554 |
| Satellite Beach | 11,313 | $119,134 | $502,500 | $1,909 |
| Melbourne Beach | 3,250 | $102,857 | $708,400 | $1,307 |
More for people moving to Melbourne
Melbourne ZIP code ›Weather and climate ›Living in Melbourne: FAQ
What is the median household income in Melbourne, FL?
The median household income in Melbourne is $66,991, 10% lower 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?
The median home value in Melbourne is $306,400, compared with $359,000 in Florida.
How much is rent in Melbourne?
The median gross rent in Melbourne is $1,525 per month, about 34.5% of household income.
Is Melbourne, FL a good place to live?
Pluses: home values 15% lower than the state median; an average commute of 23 minutes; unemployment of 4.6%. Minuses: median household income 10% lower than the Florida median; a poverty rate of 15.8%.
What is the median age in Melbourne?
The median age in Melbourne is 42.5 years (Florida: 42.6).
How long is the commute in Melbourne?
The average commute to work in Melbourne is 23 minutes; 14.1% of workers work from home.
What is the unemployment rate in Melbourne?
The unemployment rate in Melbourne is 4.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Melbourne?
34.7% 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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