Melbourne, a city located in the state of Arkansas (AR), is home to a population of approximately 2,430 people. Melbourne boasts a median age of 32.5, with around 21.5% of its residents aged 60 or above. 4.2% of the population identifies as US Veterans. 18.1% of Melbourne residents are disabled. The city has an average household income of $41,938, while the unemployment rate stands at 5.9%, and around 30.6% of the population is considered to be living below the poverty level. In terms of housing, the average home value in Melbourne is $157,304, with a monthly rent averaging $630.