Melrose Park, PA
Population 2,273 · Pennsylvania
About Melrose Park, PA
Melrose Park is a small town located in Pennsylvania with a population of 2,273 residents according to the latest US Census Bureau American Community Survey data. The median household income is $154,946 per year, which is 106% above the national median of $75,149. The median age of 42.8 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 $427,400, which is 75% above the national median of $244,900. This places Melrose Park in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,661, 43% above the national average of $1,163/month. Of the 854 total housing units, 78% are owner-occupied (656 units) and 22% are renter-occupied (187 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Melrose Park shows an unemployment rate of 5.3%, which is near the national rate of 3.7%. The poverty rate stands at 6.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Melrose Park have an average one-way commute time of 37 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
76.5% 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 1.3% White, 0.0% Hispanic or Latino, 0.5% Black or African American, and 2.0% Asian residents, with 17.1% of the population being foreign-born.
How Melrose Park Ranks in Pennsylvania
Cost of Living in Melrose Park, PA
Compared to national averages, Melrose Park has a median household income of $154,946 (106% above the national median of $75,149). Home values average $427,400, which is 75% above the national median. Monthly rent at $1,661 is 43% above the US average of $1,163. Within Pennsylvania, Melrose Park's income is 111% above the state average of $73,376, and home values are 124% above the state median of $190,903.
Why Live in Melrose Park, PA?
Melrose Park offers a strong local economy with a median household income of $154,946, well above the national average, and a well-educated community where 76.5% of residents hold a bachelor’s degree or higher, and a low poverty rate of 6.0%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $427,400. However, Melrose Park’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Melrose Park has a population of 2,273 with a median age of 42.8 years. Compare Melrose Park with other cities to see how it stacks up, or explore all cities in Pennsylvania.
Similar Cities Near Melrose Park
Cities in Pennsylvania with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Messiah College | 2,273 | $0 | $0 | Compare |
| McDonald | 2,277 | $56,369 | $152,400 | Compare |
| Oakwood | 2,263 | $72,273 | $112,500 | Compare |
| Trucksville | 2,284 | $61,750 | $202,400 | Compare |
| Sand Hill | 2,288 | $86,696 | $204,300 | Compare |
| New Wilmington | 2,291 | $57,159 | $204,300 | Compare |
| Spring Mount | 2,292 | $97,596 | $243,500 | Compare |
| Gap | 2,297 | $96,007 | $321,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Pennsylvania
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, PA?
The population of Melrose Park, PA is 2,273 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Pennsylvania.
What is the median household income in Melrose Park?
The median household income in Melrose Park, PA is $154,946 per year, which is 106% above the national median of $75,149.
What is the median home value in Melrose Park?
The median home value in Melrose Park, PA is $427,400, which is 75% above 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, PA is $1,661, which is 43% above the national average of $1,163/month.
What is the unemployment rate in Melrose Park?
The unemployment rate in Melrose Park, PA is 5.3%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Melrose Park, PA a good place to live?
Melrose Park offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 2,273 and a median age of 42.8, the city appeals to a broad range of residents.
How educated is Melrose Park, PA?
76.5% 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, PA: median home value is $427,400 (75% above national), median rent is $1,661/month, and median household income is $154,946. The home-value-to-income ratio is 2.8x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Melrose Park?
The poverty rate in Melrose Park, PA is 6.0%, 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, PA?
Melrose Park's population is 1.3% White, 0.0% Hispanic or Latino, 0.5% Black or African American, 2.0% Asian, and 28.7% two or more races. 17.1% of residents are foreign-born.