Melrose: Basic Stats

The labor force participation rate in Melrose is 71.The labor force participation rate in Melrose is 71.8%, with an unemployment rate of 2.8%. For the people when you look at the work force, the common commute time is 36.4 minutes. 31.4% of Melrose’s residents have a masters degree, and 30.2% have earned a bachelors degree. Among those without a college degree, 19.5% attended some college, 14.7% have a high school diploma, and just 4.1% possess an education significantly less than senior high school. 1.4% are not included in medical insurance.

The average household size in Melrose, MA is 3.15 residential members, with 65.8% owning their own residences. The average home appraisal is $568735. For people leasing, they pay an average of $1516 monthly. 68.6% of households have two incomes, and a median household income of $106955. Average individual income is $53709. 4.1% of town residents are living at or below the poverty line, and 10.1% are handicapped. 4.6% of residents of the town are former members for the US military.

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