Living in Malden, Illinois
Cost of living, income, home prices, rent and demographics of Malden · Census data 2020–2024
Malden has 460 residents with a median age of 34.3. The median household income is $79,107 (5% lower than the Illinois median), the median home value is $112,500, the median rent is $1,014/month.
Malden is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Malden at a glance
- Population
- 460
- Median age
- 34.3State: 39
- Median household income
- $79,107State: $83,390
- Median home value
- $112,500State: $263,300
- Median rent
- $1,014/moState: $1,274
- Homeowners
- 86.5%
- Bachelor's degree or higher
- 13%
- Average commute
- 26 min
Is Malden a good place to live?
Pros: Home values 57% lower than the state median; an average commute of 26 minutes.
Cons: Median household income 5% lower than the Illinois median; unemployment of 14.8%; a poverty rate of 19.6%.
The weather is best in June to September.
Cost of living in Malden
Housing is the biggest part of the cost of living. In Malden the median home value is $112,500, 66% lower than the U.S. median. Renters pay a median of $1,014 per month, which is 18.7% of household income. Homeowners with a mortgage pay $1,097 a month in housing costs.
Malden median household income
The median household income in Malden is $79,107 and the income per person is $29,445. 19.6% of residents live below the poverty line (Illinois: 11.8%).
Housing in Malden: homes for sale and rent
- Housing units
- 169
- Owner-occupied
- 86.5%
- Renter-occupied
- 13.5%
- Vacant
- 3.6%Includes seasonal homes
- Median year built
- 1961
- Average household size
- 2.82
Malden demographics
- Population
- 460
- Median age
- 34.3
- Under 18
- 30.7%
- 65 and older
- 9.8%
- Households
- 163
- Foreign-born
- 0.7%
- Veterans
- 8.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Malden ›
Education in Malden
13% of adults 25 and older in Malden have a bachelor's degree or higher (Illinois: 37.8%), and 6.5% have a graduate or professional degree.
Jobs and commute in Malden
- Unemployment rate
- 14.8%State: 5.8%
- Average commute
- 26 minState: 28 min
- Work from home
- 1.9%
- Drive alone
- 81.3%
- Public transit
- 0%
- Walk to work
- 1.4%
- Homes with broadband
- 91.4%
Malden vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Malden | 460 | $79,107 | $112,500 | $1,014 |
| Dover | 133 | $49,375 | $120,000 | $833 |
| Princeton | 7,975 | $61,946 | $134,700 | $782 |
| Seatonville | 370 | $52,679 | $96,600 | $728 |
| Arlington | 157 | $54,375 | $106,300 | $825 |
| De Pue | 1,532 | $58,417 | $59,300 | $819 |
| Cherry | 534 | $59,545 | $107,900 | $675 |
| La Moille | 750 | $68,125 | $111,300 | $876 |
| Ladd | 1,356 | $67,321 | $129,600 | $778 |
More for people moving to Malden
Malden ZIP code ›Weather and climate ›Living in Malden: FAQ
What is the median household income in Malden, IL?
The median household income in Malden is $79,107, 5% lower than the Illinois median of $83,390 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Malden?
The median home value in Malden is $112,500, compared with $263,300 in Illinois.
How much is rent in Malden?
The median gross rent in Malden is $1,014 per month, about 18.7% of household income.
Is Malden, IL a good place to live?
Pluses: home values 57% lower than the state median; an average commute of 26 minutes. Minuses: median household income 5% lower than the Illinois median; unemployment of 14.8%; a poverty rate of 19.6%.
What is the median age in Malden?
The median age in Malden is 34.3 years (Illinois: 39).
How long is the commute in Malden?
The average commute to work in Malden is 26 minutes; 1.9% of workers work from home.
What is the unemployment rate in Malden?
The unemployment rate in Malden is 14.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Malden?
13% of adults in Malden 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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