Melbourne, KY
Population 539 · Kentucky
About Melbourne, KY
Melbourne is a small community in Kentucky with a population of 539 residents. The median household income is $66,458 per year, which is near the national average. The median age in Melbourne is 57.2 years.
Housing in Melbourne has a median home value of $160,400 and median monthly rent of $638. Of the 171 total housing units, the majority are owner-occupied, with 156 owner-occupied and 7 renter-occupied units.
The unemployment rate in Melbourne is 6.1% and the poverty rate is 22.6%. 32.9% of residents hold a bachelor's degree or higher. The average commute time is 21.4 minutes.
Cost of Living in Melbourne, KY
Compared to national averages, Melbourne has a median household income of $66,458 (12% below the national median of $75,149). Home values average $160,400, which is 35% below the national median. Monthly rent at $638 is 45% below the US average of $1,163. Within Kentucky, Melbourne's income is 0% above the state average of $66,273, and home values are 12% below the state median of $182,504.
Why Live in Melbourne, KY?
Melbourne offers affordable housing with a median home value of $160,400, below the US average of $244,900, and rent that’s lower than the national average at $638/month, and short commute times averaging just 21.4 minutes.
Potential considerations include median household income ($66,458) 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 539 with a median age of 57.2 years. Compare Melbourne with other cities to see how it stacks up, or explore all cities in Kentucky.
Similar Cities Near Melbourne
Cities in Kentucky with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Caneyville | 541 | $25,938 | $112,500 | Compare |
| Sandy Hook | 542 | $0 | $98,500 | Compare |
| Buffalo | 533 | $30,660 | $215,500 | Compare |
| Maceo | 533 | $0 | $107,500 | Compare |
| Petersburg | 532 | $123,669 | $219,300 | Compare |
| Brownsboro Farm | 549 | $151,250 | $373,100 | Compare |
| McDowell | 549 | $35,576 | $73,600 | Compare |
| River Bluff | 529 | $139,375 | $415,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Kentucky
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, KY?
The population of Melbourne, KY is 539 according to the latest Census data.
What is the median household income in Melbourne?
The median household income in Melbourne, KY is $66,458 per year.
What is the median home value in Melbourne?
The median home value in Melbourne, KY is $160,400.
What is the average rent in Melbourne?
The median monthly rent in Melbourne, KY is $638.
What is the unemployment rate in Melbourne?
The unemployment rate in Melbourne, KY is 6.1%.