Living in Malvern, Arkansas
Cost of living, income, home prices, rent and demographics of Malvern · Census data 2020–2024
Malvern has 10,953 residents with a median age of 39.4. The median household income is $46,250 (24% lower than the Arkansas median), the median home value is $104,500, the median rent is $764/month.
Malvern at a glance
- Population
- 10,953
- Median age
- 39.4State: 38.5
- Median household income
- $46,250State: $60,773
- Median home value
- $104,500State: $188,000
- Median rent
- $764/moState: $947
- Homeowners
- 50.2%
- Bachelor's degree or higher
- 12.9%
- Average commute
- 22 min
Is Malvern a good place to live?
Pros: Home values 44% lower than the state median; an average commute of 22 minutes.
Cons: Median household income 24% lower than the Arkansas median; unemployment of 5.6%; a poverty rate of 20.2%.
The weather is best in April–May and September–October.
Cost of living in Malvern
Housing is the biggest part of the cost of living. In Malvern the median home value is $104,500, 69% lower than the U.S. median. Renters pay a median of $764 per month, which is 23.2% of household income. Homeowners with a mortgage pay $862 a month in housing costs.
Malvern median household income
The median household income in Malvern is $46,250 and the income per person is $17,517. 20.2% of residents live below the poverty line (Arkansas: 16%).
Housing in Malvern: homes for sale and rent
- Housing units
- 4,116
- Owner-occupied
- 50.2%
- Renter-occupied
- 49.8%
- Vacant
- 15.4%Includes seasonal homes
- Median year built
- 1969
- Average household size
- 2.50
Malvern demographics
- Population
- 10,953
- Median age
- 39.4
- Under 18
- 20%
- 65 and older
- 18.6%
- Households
- 3,481
- Foreign-born
- 1.5%
- Veterans
- 8%Adults 18+
Hispanic or Latino can be of any race. Population history of Malvern ›
Education in Malvern
12.9% of adults 25 and older in Malvern have a bachelor's degree or higher (Arkansas: 25.7%), and 5.2% have a graduate or professional degree.
Jobs and commute in Malvern
- Unemployment rate
- 5.6%State: 4.9%
- Average commute
- 22 minState: 23 min
- Work from home
- 4.2%
- Drive alone
- 84.4%
- Public transit
- 1.4%
- Walk to work
- 1%
- Homes with broadband
- 86%
Malvern vs nearby towns
More for people moving to Malvern
Malvern ZIP code ›Weather and climate ›Living in Malvern: FAQ
What is the median household income in Malvern, AR?
The median household income in Malvern is $46,250, 24% lower than the Arkansas median of $60,773 (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 $104,500, compared with $188,000 in Arkansas.
How much is rent in Malvern?
The median gross rent in Malvern is $764 per month, about 23.2% of household income.
Is Malvern, AR a good place to live?
Pluses: home values 44% lower than the state median; an average commute of 22 minutes. Minuses: median household income 24% lower than the Arkansas median; unemployment of 5.6%; a poverty rate of 20.2%.
What is the median age in Malvern?
The median age in Malvern is 39.4 years (Arkansas: 38.5).
How long is the commute in Malvern?
The average commute to work in Malvern is 22 minutes; 4.2% of workers work from home.
What is the unemployment rate in Malvern?
The unemployment rate in Malvern is 5.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Malvern?
12.9% 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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