Myelolipomas are rare. They have been reported to be found unexpectedly at autopsy in 0.08% to 0.4% of cases ("i.e.:" somewhere between 8 per 10,000 and 4 per 1,000 autopsies). They most commonly occur in the adrenal gland, yet only comprise about 3% of all adrenal tumours. They may also occur in other sites, such as the mediastinum, the liver and the gastrointestinal tract.

There is no gender predilection, males and females are affected equally. The peak age range at diagnosis is between 40 and 79 years of age.

The majority of myelolipomas are asymptomatic. Most do not produce any adrenal hormones. Most are only discovered as a result of investigation for another problem.

When myelolipomas do produce symptoms, it is usually because they have become large, and are pressing on other organs or tissues nearby. Symptoms include pain in the abdomen or , blood in the urine, a palpable lump or high blood pressure.

As they are benign tumors, myelolipomas do not spread to other body parts. Larger myelolipomas are at risk of localised tissue death and bleeding, which may cause a retroperitoneal haemorrhage.