Living in Melrose Park, Pennsylvania
Cost of living, income, home prices, rent and demographics of Melrose Park · Census data 2020–2024
Melrose Park has 2,266 residents with a median age of 48.4. The median household income is $168,750 (116% higher than the Pennsylvania median), the median home value is $465,200, the median rent is $1,772/month.
Melrose Park at a glance
- Population
- 2,266
- Median age
- 48.4State: 40.9
- Median household income
- $168,750State: $77,971
- Median home value
- $465,200State: $254,500
- Median rent
- $1,772/moState: $1,209
- Homeowners
- 82.4%
- Bachelor's degree or higher
- 73.4%
- Average commute
- 35 min
Is Melrose Park a good place to live?
Pros: Median household income 116% higher than the Pennsylvania median; a poverty rate of 5.4%.
Cons: Home values 83% higher than the state median; an average commute of 35 minutes; unemployment of 5.6%.
The weather is best in May–June and September–October.
Cost of living in Melrose Park
Housing is the biggest part of the cost of living. In Melrose Park the median home value is $465,200, 40% higher than the U.S. median. Renters pay a median of $1,772 per month, which is 41.2% of household income. Homeowners with a mortgage pay $3,208 a month in housing costs.
Melrose Park median household income
The median household income in Melrose Park is $168,750 and the income per person is $68,607. 5.4% of residents live below the poverty line (Pennsylvania: 11.7%).
Housing in Melrose Park: homes for sale and rent
- Housing units
- 830
- Owner-occupied
- 82.4%
- Renter-occupied
- 17.6%
- Vacant
- 2.5%Includes seasonal homes
- Median year built
- 1938
- Average household size
- 2.80
Melrose Park demographics
- Population
- 2,266
- Median age
- 48.4
- Under 18
- 24.7%
- 65 and older
- 23.4%
- Households
- 809
- Foreign-born
- 13.1%
- Veterans
- 2.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Melrose Park ›
Education in Melrose Park
73.4% of adults 25 and older in Melrose Park have a bachelor's degree or higher (Pennsylvania: 35.2%), and 46.4% have a graduate or professional degree.
Jobs and commute in Melrose Park
- Unemployment rate
- 5.6%State: 5.3%
- Average commute
- 35 minState: 26 min
- Work from home
- 16.9%
- Drive alone
- 58.8%
- Public transit
- 16.4%
- Walk to work
- 0%
- Homes with broadband
- 96.3%
Melrose Park vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Melrose Park | 2,266 | $168,750 | $465,200 | $1,772 |
| Oak Lane | 4,210 | $136,346 | $357,500 | $1,347 |
| Elkins Park | 7,213 | $129,852 | $401,200 | $1,606 |
| Cheltenham | 38,374 | $109,022 | $384,800 | $1,608 |
| McKinley | 2,662 | $107,067 | $346,400 | $2,096 |
| Cheltenham Village | 2,112 | $90,240 | $295,600 | $1,503 |
| Wyncote | 3,389 | $148,824 | $470,100 | $1,434 |
| Jenkintown | 4,727 | $110,703 | $398,000 | $1,418 |
| Rockledge | 2,634 | $92,639 | $324,300 | $1,111 |
More for people moving to Melrose Park
Melrose Park ZIP code ›Weather and climate ›Living in Melrose Park: FAQ
What is the median household income in Melrose Park, PA?
The median household income in Melrose Park is $168,750, 116% higher than the Pennsylvania median of $77,971 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Melrose Park?
The median home value in Melrose Park is $465,200, compared with $254,500 in Pennsylvania.
How much is rent in Melrose Park?
The median gross rent in Melrose Park is $1,772 per month, about 41.2% of household income.
Is Melrose Park, PA a good place to live?
Pluses: median household income 116% higher than the Pennsylvania median; a poverty rate of 5.4%. Minuses: home values 83% higher than the state median; an average commute of 35 minutes; unemployment of 5.6%.
What is the median age in Melrose Park?
The median age in Melrose Park is 48.4 years (Pennsylvania: 40.9).
How long is the commute in Melrose Park?
The average commute to work in Melrose Park is 35 minutes; 16.9% of workers work from home.
What is the unemployment rate in Melrose Park?
The unemployment rate in Melrose Park is 5.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Melrose Park?
73.4% of adults in Melrose Park 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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