Living in Malta, Illinois
Cost of living, income, home prices, rent and demographics of Malta · Census data 2020–2024
Malta has 1,274 residents with a median age of 33.2. The median household income is $80,625 (3% lower than the Illinois median), the median home value is $180,300, the median rent is $1,063/month.
Malta is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Malta at a glance
- Population
- 1,274
- Median age
- 33.2State: 39
- Median household income
- $80,625State: $83,390
- Median home value
- $180,300State: $263,300
- Median rent
- $1,063/moState: $1,274
- Homeowners
- 74.5%
- Bachelor's degree or higher
- 19.8%
- Average commute
- 26 min
Is Malta a good place to live?
Pros: Home values 32% lower than the state median; an average commute of 26 minutes; unemployment of 2.9%.
Cons: Median household income 3% lower than the Illinois median; a poverty rate of 24%.
The weather is best in June to September.
Cost of living in Malta
Housing is the biggest part of the cost of living. In Malta the median home value is $180,300, 46% lower than the U.S. median. Renters pay a median of $1,063 per month, which is 22.9% of household income. Homeowners with a mortgage pay $1,579 a month in housing costs.
Malta median household income
The median household income in Malta is $80,625 and the income per person is $29,355. 24% of residents live below the poverty line (Illinois: 11.8%).
Housing in Malta: homes for sale and rent
- Housing units
- 448
- Owner-occupied
- 74.5%
- Renter-occupied
- 25.5%
- Vacant
- 2.9%Includes seasonal homes
- Median year built
- 1966
- Average household size
- 2.93
Malta demographics
- Population
- 1,274
- Median age
- 33.2
- Under 18
- 27.9%
- 65 and older
- 11.1%
- Households
- 435
- Foreign-born
- 8.5%
- Veterans
- 10%Adults 18+
Hispanic or Latino can be of any race. Population history of Malta ›
Education in Malta
19.8% of adults 25 and older in Malta have a bachelor's degree or higher (Illinois: 37.8%), and 8.1% have a graduate or professional degree.
Jobs and commute in Malta
- Unemployment rate
- 2.9%State: 5.8%
- Average commute
- 26 minState: 28 min
- Work from home
- 11.8%
- Drive alone
- 66.9%
- Public transit
- 0%
- Walk to work
- 2.2%
- Homes with broadband
- 91.3%
Malta vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Malta | 1,274 | $80,625 | $180,300 | $1,063 |
| Creston | 550 | $66,667 | $167,400 | $988 |
| DeKalb | 40,443 | $46,481 | $204,700 | $1,029 |
| Steward | 271 | $102,500 | $148,000 | $1,375 |
| Cortland | 4,564 | $73,971 | $233,200 | $1,552 |
| Rochelle | 9,529 | $66,307 | $164,300 | $985 |
| Lee | 320 | $82,000 | $150,500 | $1,188 |
| Hillcrest | 1,824 | $80,568 | $164,200 | $1,295 |
| Sycamore | 18,559 | $84,120 | $265,700 | $1,140 |
More for people moving to Malta
Malta ZIP code ›Weather and climate ›Living in Malta: FAQ
What is the median household income in Malta, IL?
The median household income in Malta is $80,625, 3% 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 Malta?
The median home value in Malta is $180,300, compared with $263,300 in Illinois.
How much is rent in Malta?
The median gross rent in Malta is $1,063 per month, about 22.9% of household income.
Is Malta, IL a good place to live?
Pluses: home values 32% lower than the state median; an average commute of 26 minutes; unemployment of 2.9%. Minuses: median household income 3% lower than the Illinois median; a poverty rate of 24%.
What is the median age in Malta?
The median age in Malta is 33.2 years (Illinois: 39).
How long is the commute in Malta?
The average commute to work in Malta is 26 minutes; 11.8% of workers work from home.
What is the unemployment rate in Malta?
The unemployment rate in Malta is 2.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Malta?
19.8% of adults in Malta 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.
Last updated: