Melrose is a city in Massachusetts state in USA with a population of 28054 residents.. The poverty rate of Melrose is 3.9%, which is 72% lower than national average. The typical household in Melrose earns $114604 a year, compared to the national median of $67,500. Nearly 24.9% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Melrose, only 94% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Melrose remained 4.2%, which is 11% lower than national rate. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Melrose, only 60% of adults have a bachelor's degree and 18% have some college but no degree.

Cost of living in Melrose is 145, which is 45% higher than national average. Median home value in Melrose is $599600 , which is 161% higher than national average. While median income in Melrose remained $114604, which is 70% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.