Is Melrose Park, Illinois a Good Place To Live? - Living In Melrose Park, IL

Is Melrose Park, Illinois a good place to live?
Melrose Park is a city in Illinois state in USA with a population of 25404 residents.. The poverty rate of Melrose Park is 15.8%, which is 13% higher than national average. The typical household in Melrose Park earns $53596 a year, compared to the national median of $67,500. Nearly 46.1% 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 Park, only 71% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Melrose Park remained 6.2%, which is 32% higher than national rate. Nearly 1 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Melrose Park, only 13% of adults have a bachelor's degree and 24% have some college but no degree.

Cost of living in Melrose Park is 105, which is 5% higher than national average. Median home value in Melrose Park is $200700 , which is 13% lower than national average. While median income in Melrose Park remained $53596, which is 21% lower than national average.
Population
25404
Unemployment
6.2%
32% NAT AVG.
Poverty
15.8%
13% NAT AVG.
Overall Score
6
Median Home Cost
$200700
13% NAT AVG.
Median Income
$53596
21% NAT AVG.
Median Rent
$1054
9% NAT AVG.
Cost Of Living
105
5% NAT AVG.
People Living BPL
1 in 6
Unemployed People
1 in 16
People Earning < $10,000
1 in 20
People Earning < $50,000
46.1%
People with <= High School
1 in 1.6
People With Any Degree
1 in 4.5
Pros & Cons Overview

Jobs60%

Housing80%

Affordability50%

Safety80%

Amenities95%

Diversity80%

Education40%

Commute60%