Living in Malvern, Alabama
Cost of living, income, home prices, rent and demographics of Malvern · Census data 2020–2024
Malvern has 1,913 residents with a median age of 37. The median household income is $43,854 (31% lower than the Alabama median), the median home value is $129,400, the median rent is $906/month.
Malvern at a glance
- Population
- 1,913
- Median age
- 37State: 39.3
- Median household income
- $43,854State: $63,999
- Median home value
- $129,400State: $209,900
- Median rent
- $906/moState: $1,007
- Homeowners
- 72.6%
- Bachelor's degree or higher
- 12.1%
- Average commute
- 26 min
Is Malvern a good place to live?
Pros: Home values 38% lower than the state median; unemployment of 2.1%.
Cons: Median household income 31% lower than the Alabama median; an average commute of 26 minutes; a poverty rate of 35.5%.
The weather is best in March–April and October–November.
Cost of living in Malvern
Housing is the biggest part of the cost of living. In Malvern the median home value is $129,400, 61% lower than the U.S. median. Renters pay a median of $906 per month, which is 29.2% of household income. Homeowners with a mortgage pay $1,021 a month in housing costs.
Malvern median household income
The median household income in Malvern is $43,854 and the income per person is $23,381. 35.5% of residents live below the poverty line (Alabama: 15.6%).
Housing in Malvern: homes for sale and rent
- Housing units
- 788
- Owner-occupied
- 72.6%
- Renter-occupied
- 27.4%
- Vacant
- 12.3%Includes seasonal homes
- Median year built
- 1992
- Average household size
- 2.77
Malvern demographics
- Population
- 1,913
- Median age
- 37
- Under 18
- 27%
- 65 and older
- 13.1%
- Households
- 691
- Foreign-born
- 5.8%
- Veterans
- 7%Adults 18+
Hispanic or Latino can be of any race. Population history of Malvern ›
Education in Malvern
12.1% of adults 25 and older in Malvern have a bachelor's degree or higher (Alabama: 28.4%), and 2.5% have a graduate or professional degree.
Jobs and commute in Malvern
- Unemployment rate
- 2.1%State: 4.7%
- Average commute
- 26 minState: 26 min
- Work from home
- 3.7%
- Drive alone
- 80.2%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 79.3%
Malvern vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Malvern | 1,913 | $43,854 | $129,400 | $906 |
| Taylor | 3,063 | $67,464 | $134,200 | $1,046 |
| Slocomb | 1,952 | $38,056 | $109,100 | $773 |
| Rehobeth | 1,887 | $80,972 | $242,900 | $976 |
| Dothan | 71,514 | $55,792 | $194,000 | $960 |
| Hartford | 2,701 | $56,250 | $160,800 | $802 |
| Madrid | 220 | $39,750 | $122,500 | $1,000 |
| Grimes | 582 | $33,958 | $105,100 | $872 |
| Midland City | 1,603 | $28,438 | $150,400 | $609 |
More for people moving to Malvern
Malvern ZIP code ›Weather and climate ›Living in Malvern: FAQ
What is the median household income in Malvern, AL?
The median household income in Malvern is $43,854, 31% lower than the Alabama median of $63,999 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Malvern?
The median home value in Malvern is $129,400, compared with $209,900 in Alabama.
How much is rent in Malvern?
The median gross rent in Malvern is $906 per month, about 29.2% of household income.
Is Malvern, AL a good place to live?
Pluses: home values 38% lower than the state median; unemployment of 2.1%. Minuses: median household income 31% lower than the Alabama median; an average commute of 26 minutes; a poverty rate of 35.5%.
What is the median age in Malvern?
The median age in Malvern is 37 years (Alabama: 39.3).
How long is the commute in Malvern?
The average commute to work in Malvern is 26 minutes; 3.7% of workers work from home.
What is the unemployment rate in Malvern?
The unemployment rate in Malvern is 2.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Malvern?
12.1% of adults in Malvern have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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