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ZipNumbers

Kentucky · Census place 51438

Melbourne city, KY

Quick answer

Melbourne city has 539 residents, ranking #342 of 554 places in Kentucky. Median household income is $66,458, the median home is worth $160,400 and median gross rent runs $638 a month.

Population
539Melbourne city residents
Median household income
$66,458Past 12 months, inflation adjusted
Median home value
$160,400Owner-occupied units
Median gross rent
$638Rent plus utilities, monthly
Median age
57.2 yrsAll residents
Homeownership rate
95.7%Owner-occupied households

What the numbers mean in Melbourne city

Housing cost measured against local earnings.

A household earning the Melbourne city median would spend about 11.5% 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 2.4× the median household income; nationally that ratio sits near 4.5×. Poverty affects 22.6% of residents and 95.7% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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