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Melvin, KY 41650 has a population of approximately 473 and experiences a population change rate of -46.37%. The population density is 136.8 / sq mi .
The median household income for Melvin, KY 41650 is $19,022, with 194 households and an average household size of 2.63.
The median value of a home in Melvin, KY 41650 is $65,700 with an appreciation rate of 16.70%. 38.08% of housing in the state is owned while 21.98% is rented.
The cost of living in Melvin, KY 41650 is 74.8 %.
The unemployment rate in Melvin, KY 41650 is 5.00%, and recent job growth is at 0.73%. Future job growth is projected at 35.82%.
The sales tax rate in Melvin, KY 41650 is 6.00%, while the income tax rate is 5.00% .
School expenditures in Melvin, KY 41650 are $12,766, and the school ratio is 13.9:1.
The average high temperature in July is 86 degrees, with an average low temperature in January of 23.7 degrees. The average rainfall is approximately 43.5 inches per year, with 6.7 inches of snow per year.