Illinois · Census place 48242
Melrose Park village, IL
Quick answer
Melrose Park village has 24,513 residents, ranking #90 of 1462 places in Illinois. Median household income is $64,740, the median home is worth $265,000 and median gross rent runs $1,194 a month.
- Population
- 24,513Melrose Park village residents
- Median household income
- $64,740Past 12 months, inflation adjusted
- Median home value
- $265,000Owner-occupied units
- Median gross rent
- $1,194Rent plus utilities, monthly
- Median age
- 35 yrsAll residents
- Homeownership rate
- 57.3%Owner-occupied households
What the numbers mean in Melrose Park village
Housing cost measured against local earnings.
A household earning the Melrose Park village median would spend about 22.1% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 4.1× the median household income; nationally that ratio sits near 4.5×. Poverty affects 10.4% of residents and 57.3% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Illinois.
- Alton city 25,430
- Morton Grove village 24,687
- Homer Glen village 24,516
- Belvidere city 24,510
- Zion city 24,466
- Kankakee city 24,384
- Westmont village 24,201
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