Living in Melrose, Iowa
Cost of living, income, home prices, rent and demographics of Melrose · Census data 2020–2024
Melrose has 115 residents with a median age of 51.5. The median household income is $56,250 (25% lower than the Iowa median), the median home value is $75,000.
Melrose is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Melrose at a glance
- Population
- 115
- Median age
- 51.5State: 38.6
- Median household income
- $56,250State: $75,059
- Median home value
- $75,000State: $208,000
- Homeowners
- 95.9%
- Bachelor's degree or higher
- 3.7%
- Average commute
- 36 min
Is Melrose a good place to live?
Pros: Home values 64% lower than the state median.
Cons: Median household income 25% lower than the Iowa median; an average commute of 36 minutes; unemployment of 47.4%; a poverty rate of 28.7%.
The weather is best in June to September.
Cost of living in Melrose
Housing is the biggest part of the cost of living. In Melrose the median home value is $75,000, 77% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $1,292 a month in housing costs.
Melrose median household income
The median household income in Melrose is $56,250 and the income per person is $21,000. 28.7% of residents live below the poverty line (Iowa: 11.1%).
Housing in Melrose: homes for sale and rent
- Housing units
- 57
- Owner-occupied
- 95.9%
- Renter-occupied
- 4.1%
- Vacant
- 14%Includes seasonal homes
- Median year built
- 1938
- Average household size
- 2.35
Melrose demographics
- Population
- 115
- Median age
- 51.5
- Under 18
- 13%
- 65 and older
- 43.5%
- Households
- 49
- Foreign-born
- 0.9%
- Veterans
- 10%Adults 18+
Hispanic or Latino can be of any race. Population history of Melrose ›
Education in Melrose
3.7% of adults 25 and older in Melrose have a bachelor's degree or higher (Iowa: 31.4%), and 0% have a graduate or professional degree.
Jobs and commute in Melrose
- Unemployment rate
- 47.4%State: 3.6%
- Average commute
- 36 minState: 20 min
- Work from home
- 0%
- Drive alone
- 80%
- Public transit
- 0%
- Walk to work
- 20%
- Homes with broadband
- 87.8%
Melrose vs nearby towns
More for people moving to Melrose
Melrose ZIP code ›Weather and climate ›Living in Melrose: FAQ
What is the median household income in Melrose, IA?
The median household income in Melrose is $56,250, 25% lower than the Iowa median of $75,059 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Melrose?
The median home value in Melrose is $75,000, compared with $208,000 in Iowa.
Is Melrose, IA a good place to live?
Pluses: home values 64% lower than the state median. Minuses: median household income 25% lower than the Iowa median; an average commute of 36 minutes; unemployment of 47.4%; a poverty rate of 28.7%.
What is the median age in Melrose?
The median age in Melrose is 51.5 years (Iowa: 38.6).
How long is the commute in Melrose?
The average commute to work in Melrose is 36 minutes; 0% of workers work from home.
What is the unemployment rate in Melrose?
The unemployment rate in Melrose is 47.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Melrose?
3.7% of adults in Melrose 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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