Melrose Park, IL
Population 24,513 · Illinois
About Melrose Park, IL
Melrose Park is a mid-sized city in Illinois with a population of 24,513 residents. The median household income is $64,740 per year, which is near the national average. The median age in Melrose Park is 35 years.
Housing in Melrose Park has a median home value of $265,000 and median monthly rent of $1,194. Of the 8,947 total housing units, the majority are owner-occupied, with 4,768 owner-occupied and 3,553 renter-occupied units.
The unemployment rate in Melrose Park is 5.5% and the poverty rate is 10.4%. 14.7% of residents hold a bachelor's degree or higher. The average commute time is 28.1 minutes.
Cost of Living in Melrose Park, IL
Compared to national averages, Melrose Park has a median household income of $64,740 (14% below the national median of $75,149). Home values average $265,000, which is 8% above the national median. Monthly rent at $1,194 is 3% above the US average of $1,163. Within Illinois, Melrose Park's income is 14% below the state average of $75,072, and home values are 60% above the state median of $165,779.
Why Live in Melrose Park, IL?
Melrose Park offers a low poverty rate of 10.4%, better than the national average.
Potential considerations include median household income ($64,740) that falls below the national average. However, Melrose Park’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Melrose Park has a population of 24,513 with a median age of 35 years. Compare Melrose Park with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Melrose Park
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Belvidere | 24,510 | $62,462 | $153,100 | Compare |
| Homer Glen | 24,516 | $128,546 | $400,000 | Compare |
| Zion | 24,466 | $62,574 | $179,100 | Compare |
| Kankakee | 24,384 | $45,119 | $105,500 | Compare |
| Morton Grove | 24,687 | $106,078 | $377,000 | Compare |
| Westmont | 24,201 | $83,622 | $369,100 | Compare |
| Collinsville | 24,126 | $65,170 | $157,700 | Compare |
| South Elgin | 23,984 | $123,744 | $296,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Melrose Park
What is the population of Melrose Park, IL?
The population of Melrose Park, IL is 24,513 according to the latest Census data.
What is the median household income in Melrose Park?
The median household income in Melrose Park, IL is $64,740 per year.
What is the median home value in Melrose Park?
The median home value in Melrose Park, IL is $265,000.
What is the average rent in Melrose Park?
The median monthly rent in Melrose Park, IL is $1,194.
What is the unemployment rate in Melrose Park?
The unemployment rate in Melrose Park, IL is 5.5%.