Melrose, NM
Population 536 · New Mexico
About Melrose, NM
Melrose is a small community in New Mexico with a population of 536 residents. The median household income is $33,333 per year, which is below the national average. The median age in Melrose is 48.8 years.
Housing in Melrose has a median home value of $78,600 and median monthly rent of $548. Of the 313 total housing units, the majority are owner-occupied, with 179 owner-occupied and 51 renter-occupied units.
The unemployment rate in Melrose is 9.3% and the poverty rate is 28.5%. 5.4% of residents hold a bachelor's degree or higher. The average commute time is 27.9 minutes.
How Melrose Ranks in New Mexico
Cost of Living in Melrose, NM
Compared to national averages, Melrose has a median household income of $33,333 (56% below the national median of $75,149). Home values average $78,600, which is 68% below the national median. Monthly rent at $548 is 53% below the US average of $1,163. Within New Mexico, Melrose's income is 51% below the state average of $67,435, and home values are 66% below the state median of $233,762.
Why Live in Melrose, NM?
Melrose offers affordable housing with a median home value of $78,600, below the US average of $244,900, and rent that’s lower than the national average at $548/month.
Potential considerations include median household income ($33,333) that falls below the national average. However, Melrose’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Melrose has a population of 536 with a median age of 48.8 years. Compare Melrose with other cities to see how it stacks up, or explore all cities in New Mexico.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Melrose
What is the population of Melrose, NM?
The population of Melrose, NM is 536 according to the latest Census data.
What is the median household income in Melrose?
The median household income in Melrose, NM is $33,333 per year.
What is the median home value in Melrose?
The median home value in Melrose, NM is $78,600.
What is the average rent in Melrose?
The median monthly rent in Melrose, NM is $548.
What is the unemployment rate in Melrose?
The unemployment rate in Melrose, NM is 9.3%.