Living in Melrose, New Mexico
Cost of living, income, home prices, rent and demographics of Melrose · Census data 2020–2024
Melrose has 447 residents with a median age of 45.6. The median household income is $32,750 (49% lower than the New Mexico median), the median home value is $78,500, the median rent is $833/month.
Melrose is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Melrose at a glance
- Population
- 447
- Median age
- 45.6State: 39.4
- Median household income
- $32,750State: $64,059
- Median home value
- $78,500State: $248,100
- Median rent
- $833/moState: $1,067
- Homeowners
- 74.9%
- Bachelor's degree or higher
- 7.1%
- Average commute
- 29 min
Is Melrose a good place to live?
Pros: Home values 68% lower than the state median.
Cons: Median household income 49% lower than the New Mexico median; an average commute of 29 minutes; unemployment of 13.3%; a poverty rate of 38.7%.
The weather is best in April–May and September–October.
Cost of living in Melrose
Housing is the biggest part of the cost of living. In Melrose the median home value is $78,500, 76% lower than the U.S. median. Renters pay a median of $833 per month, which is 37% of household income. Homeowners with a mortgage pay $983 a month in housing costs.
Melrose median household income
The median household income in Melrose is $32,750 and the income per person is $24,550. 38.7% of residents live below the poverty line (New Mexico: 17.8%).
Housing in Melrose: homes for sale and rent
- Housing units
- 270
- Owner-occupied
- 74.9%
- Renter-occupied
- 25.1%
- Vacant
- 29.3%Includes seasonal homes
- Median year built
- 1961
- Average household size
- 2.34
Melrose demographics
- Population
- 447
- Median age
- 45.6
- Under 18
- 20.4%
- 65 and older
- 17%
- Households
- 191
- Foreign-born
- 9.8%
- Veterans
- 12.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Melrose ›
Education in Melrose
7.1% of adults 25 and older in Melrose have a bachelor's degree or higher (New Mexico: 31%), and 1% have a graduate or professional degree.
Jobs and commute in Melrose
- Unemployment rate
- 13.3%State: 6%
- Average commute
- 29 minState: 24 min
- Work from home
- 7.7%
- Drive alone
- 76.9%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 80.1%
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, NM?
The median household income in Melrose is $32,750, 49% lower than the New Mexico median of $64,059 (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 $78,500, compared with $248,100 in New Mexico.
How much is rent in Melrose?
The median gross rent in Melrose is $833 per month, about 37% of household income.
Is Melrose, NM a good place to live?
Pluses: home values 68% lower than the state median. Minuses: median household income 49% lower than the New Mexico median; an average commute of 29 minutes; unemployment of 13.3%; a poverty rate of 38.7%.
What is the median age in Melrose?
The median age in Melrose is 45.6 years (New Mexico: 39.4).
How long is the commute in Melrose?
The average commute to work in Melrose is 29 minutes; 7.7% of workers work from home.
What is the unemployment rate in Melrose?
The unemployment rate in Melrose is 13.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Melrose?
7.1% 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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