Melrose, MN
3,671Residents
$59,677Median household income
$1,103/moMedian gross rent
$207,200Median home value
38.7Median age
15%Adults with a bachelor’s degree or higher
74%Homes lived in by their owners
3.5×Home value to household income
Median rent takes about 22% of the median household income in Melrose.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $44,000 a year. In Minnesota that leaves roughly $2,879 a month after tax. See the full paycheck breakdown for $45,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.