Melrose Park, NY
Population 1,951 · New York
About Melrose Park, NY
Melrose Park is a small town located in New York with a population of 1,951 residents according to the latest US Census Bureau American Community Survey data. The median household income is $103,472 per year, which is 38% above the national median of $75,149. The median age of 47.4 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Melrose Park features a median home value of $203,200, which is 17% below the national median of $244,900. This positions Melrose Park in a moderately priced market relative to the rest of the country. Median monthly rent is $1,488, 28% above the national average of $1,163/month. Of the 894 total housing units, 96% are owner-occupied (848 units) and 4% are renter-occupied (37 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Melrose Park shows an unemployment rate of 0.8%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 6.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Melrose Park have an average one-way commute time of 17.9 minutes, one of the shorter commutes in the region.
Education & Demographics
50.1% of Melrose Park residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.3% Black or African American, and 3.9% Asian residents, with 2.0% of the population being foreign-born.
How Melrose Park Ranks in New York
Cost of Living in Melrose Park, NY
Compared to national averages, Melrose Park has a median household income of $103,472 (38% above the national median of $75,149). Home values average $203,200, which is 17% below the national median. Monthly rent at $1,488 is 28% above the US average of $1,163. Within New York, Melrose Park's income is 7% above the state average of $96,987, and home values are 48% below the state median of $387,181.
Why Live in Melrose Park, NY?
Melrose Park offers a strong local economy with a median household income of $103,472, well above the national average, and affordable housing with a median home value of $203,200, below the US average of $244,900, and a strong job market with an unemployment rate of just 0.8%. Additionally, the city features a well-educated community where 50.1% of residents hold a bachelor’s degree or higher, and a low poverty rate of 6.1%, better than the national average, and short commute times averaging just 17.9 minutes.
Melrose Park has a population of 1,951 with a median age of 47.4 years. Compare Melrose Park with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Melrose Park
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Dolgeville | 1,948 | $55,000 | $103,600 | Compare |
| Lattingtown | 1,948 | $250,001 | $1,615,800 | Compare |
| Lorenz Park | 1,947 | $82,672 | $198,700 | Compare |
| Marcellus | 1,957 | $74,800 | $227,600 | Compare |
| Mountain Lodge Park | 1,957 | $61,605 | $224,600 | Compare |
| Shinnecock Hills | 1,944 | $173,523 | $964,600 | Compare |
| St. Bonaventure | 1,961 | $55,208 | $125,000 | Compare |
| Stewart Manor | 1,963 | $147,188 | $776,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New York
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Melrose Park With Other Cities
Frequently Asked Questions about Melrose Park
What is the population of Melrose Park, NY?
The population of Melrose Park, NY is 1,951 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in New York.
What is the median household income in Melrose Park?
The median household income in Melrose Park, NY is $103,472 per year, which is 38% above the national median of $75,149.
What is the median home value in Melrose Park?
The median home value in Melrose Park, NY is $203,200, which is 17% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Melrose Park?
The median monthly rent in Melrose Park, NY is $1,488, which is 28% above the national average of $1,163/month.
What is the unemployment rate in Melrose Park?
The unemployment rate in Melrose Park, NY is 0.8%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Melrose Park, NY a good place to live?
Melrose Park offers above-average incomes, affordable housing, and a strong job market. With a population of 1,951 and a median age of 47.4, the city appeals to established professionals and retirees.
How educated is Melrose Park, NY?
50.1% of residents in Melrose Park aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Melrose Park?
Key cost-of-living indicators for Melrose Park, NY: median home value is $203,200 (17% below national), median rent is $1,488/month, and median household income is $103,472. The home-value-to-income ratio is 2.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Melrose Park?
The poverty rate in Melrose Park, NY is 6.1%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Melrose Park, NY?
Melrose Park's population is 0.0% White, 0.0% Hispanic or Latino, 0.3% Black or African American, 3.9% Asian, and 0.2% two or more races. 2.0% of residents are foreign-born.