Melbourne is located in Marshall county Iowa with a geographic area of 0.5 square miles. The total population in Melbourne is 748 with 54.3% male and 45.7% female. Children under age 5 represent 7.8% of the population, under age 18 equal 27.9% of the population and over age 65 is 17.1% of the population. The median household income is $70,179, per capita income is $36,889. There are a total of 302 housing units with 81.1% owner occupied. Education includes 31.1% of residents that are high school graduates and 16.2% with a bachelor's degree or higher. The average temperature in Melbourne in the summer is 72 degrees, and in the winter 23 degrees.