Personal loans in Melrose, MA

For the 29,357 people in Melrose, Massachusetts runs its own consumer-lending licensing, and the sourced table below lists the figures that apply. Melrose ranks 44th of 54 places in Massachusetts, with a population near 29,357. Use the calculator on this page to price an amount and term before you commit in Melrose. Census figures put the 2020-to-2023 decrease in Melrose at about 1.5%. The nearest larger city is Malden, MA about 2 miles away.

Where Melrose stands

Melrose is a smaller city; the notes below cover its population profile and the statewide rules that apply.

• Population: about 29,357 people live here, which puts Melrose 44th of 54 Census places in Massachusetts (Vintage 2023).
• Population trend: Roughly 1.5% fewer residents than the 2020 Census counted.
• Absolute change: 462 residents lost between 2020 and 2023.
• Size percentile: roughly 19% of Massachusetts's places have fewer residents than Melrose's 29,357.
• Density: the Census land area of 4.7 sq mi holds about 6,269 people per square mile.
• By land area: Melrose ranks 50th among Massachusetts's 54 places, at 4.7 sq mi.
• Water area: Melrose has 0.09 square miles of water, ranking 53rd of 54 places in Massachusetts.
• State share: roughly 0.8% of Massachusetts's residents live in Melrose (29,357 people).
• National rank: Melrose sits 1,341st by population among the 19,457 places in this dataset.
• Growth in Massachusetts: Melrose stands 45th by percentage change from 2020 to 2023, among 54 places.
• State comparison: Massachusetts's places average -0.7% for 2020-to-2023, against Melrose's 1.5%.
• Density in Massachusetts: Melrose ranks 13th by people per square mile.
• Density in context: Melrose's 6,269 people per square mile sit against a Massachusetts median of 2,833.
• Location: mapped by the US Census Bureau at 42.4557, -71.0590.
• Nearest larger cities: Malden (2 mi); Medford (3 mi); Everett (3 mi); Revere (4 mi); Chelsea (4 mi). Any of them may have more branches, but statewide rules and your credit still set the price.
• Smaller places close by: Winthrop Town (7 mi); Newburyport (26 mi); Bridgewater Town (34 mi).
• Smaller places within 50 miles: 6 of them.
• At 100 miles: 56 larger Census places fall inside that radius.

What to do before borrowing in Melrose

Before you hand your details to a lender in Melrose, where the population is near 29,357:

1. Order your free credit reports and dispute anything inaccurate — it is the cheapest way to move the rate you are offered.
2. Price the payment first with our personal loan calculator before any lender quotes you.
3. Collect three or more offers and compare them on APR, not on the advertised rate.
4. Confirm the Massachusetts licence with the regulator named above before committing.
5. Borrow only what the purpose requires, not the maximum you are offered.
6. Be clear on what the loan is for and how it gets repaid.
7. If debt is already a struggle, talk to a nonprofit credit counsellor before borrowing more.

The process is identical across Massachusetts; what changes is your credit file, not the fact that Melrose holds 29,357 people.

Melrose's place among Massachusetts's 54 places

Within Massachusetts, Melrose holds roughly 0.8% of all residents, the 44th-largest share among 54 places. Its 2020-to-2023 change ranks 45th of 54 Massachusetts places, putting it near the 17th percentile for growth. By density, at about 6,269 people per square mile, it ranks 13th in Massachusetts. Between 2020 and 2023 the count changed by roughly 462 residents.

What is available to Melrose borrowers

Melrose is densely built, with about 6,269 people per square mile and 39 larger places within 50 miles. What is available to Melrose's 29,357 borrowers is set by Massachusetts licensing and your own credit, not by how many branches are nearby. The nearest bigger place is Malden, MA about 2 miles away.

What Massachusetts law requires in Melrose

This table holds the Massachusetts rate and licensing rules for consumer loans made to Melrose's 29,357 residents.

Melrose on the map

The Census Gazetteer records 4.7 square miles of land and 0.09 square miles of water within Melrose. The resulting density is about 6,269 people per square mile. Boston, the largest place in Massachusetts, is about 8 miles from Melrose. Within 50 miles of Melrose there are 39 larger Census places. Within the same 50 miles lie 6 smaller Census places.