Melbourne, AR
Population 2,227 · Arkansas
About Melbourne, AR
Melbourne is a small community in Arkansas with a population of 2,227 residents. The median household income is $34,303 per year, which is below the national average. The median age in Melbourne is 35.8 years.
Housing in Melbourne has a median home value of $203,000 and median monthly rent of $620. Of the 1,001 total housing units, the majority are owner-occupied, with 430 owner-occupied and 351 renter-occupied units.
The unemployment rate in Melbourne is 6.0% and the poverty rate is 36.4%. 15.8% of residents hold a bachelor's degree or higher. The average commute time is 21.6 minutes.
Cost of Living in Melbourne, AR
Compared to national averages, Melbourne has a median household income of $34,303 (54% below the national median of $75,149). Home values average $203,000, which is 17% below the national median. Monthly rent at $620 is 47% below the US average of $1,163. Within Arkansas, Melbourne's income is 34% below the state average of $52,241, and home values are 62% above the state median of $125,457.
Why Live in Melbourne, AR?
Melbourne offers affordable housing with a median home value of $203,000, below the US average of $244,900, and rent that’s lower than the national average at $620/month, and short commute times averaging just 21.6 minutes.
Potential considerations include median household income ($34,303) that falls below the national average. However, Melbourne’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Melbourne has a population of 2,227 with a median age of 35.8 years. Compare Melbourne with other cities to see how it stacks up, or explore all cities in Arkansas.
Similar Cities Near Melbourne
Cities in Arkansas with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Star City | 2,234 | $52,039 | $118,500 | Compare |
| Marked Tree | 2,235 | $45,197 | $85,700 | Compare |
| Gassville | 2,216 | $47,404 | $126,600 | Compare |
| Fairfield Bay | 2,247 | $54,735 | $157,300 | Compare |
| Eureka Springs | 2,269 | $41,821 | $246,900 | Compare |
| Carlisle | 2,175 | $34,858 | $132,600 | Compare |
| Lake Village | 2,280 | $44,803 | $120,200 | Compare |
| Smackover | 2,137 | $53,105 | $113,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Arkansas
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Melbourne
What is the population of Melbourne, AR?
The population of Melbourne, AR is 2,227 according to the latest Census data.
What is the median household income in Melbourne?
The median household income in Melbourne, AR is $34,303 per year.
What is the median home value in Melbourne?
The median home value in Melbourne, AR is $203,000.
What is the average rent in Melbourne?
The median monthly rent in Melbourne, AR is $620.
What is the unemployment rate in Melbourne?
The unemployment rate in Melbourne, AR is 6.0%.