Living in Malcom, Iowa
Cost of living, income, home prices, rent and demographics of Malcom · Census data 2020–2024
Malcom has 221 residents with a median age of 43.4. The median household income is $76,750 (about the same as the Iowa median), the median home value is $109,800, the median rent is $638/month.
Malcom is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Malcom at a glance
- Population
- 221
- Median age
- 43.4State: 38.6
- Median household income
- $76,750State: $75,059
- Median home value
- $109,800State: $208,000
- Median rent
- $638/moState: $972
- Homeowners
- 87.5%
- Bachelor's degree or higher
- 30.7%
- Average commute
- 22 min
Is Malcom a good place to live?
Pros: Median household income about the same as the Iowa median; home values 47% lower than the state median; unemployment of 0.7%; a poverty rate of 10%.
Cons: An average commute of 22 minutes.
The weather is best in June to September.
Cost of living in Malcom
Housing is the biggest part of the cost of living. In Malcom the median home value is $109,800, 67% lower than the U.S. median. Renters pay a median of $638 per month, which is 20.8% of household income. Homeowners with a mortgage pay $1,173 a month in housing costs.
Malcom median household income
The median household income in Malcom is $76,750 and the income per person is $44,421. 10% of residents live below the poverty line (Iowa: 11.1%).
Housing in Malcom: homes for sale and rent
- Housing units
- 114
- Owner-occupied
- 87.5%
- Renter-occupied
- 12.5%
- Vacant
- 15.8%Includes seasonal homes
- Median year built
- 1972
- Average household size
- 2.30
Malcom demographics
- Population
- 221
- Median age
- 43.4
- Under 18
- 14%
- 65 and older
- 19.5%
- Households
- 96
- Foreign-born
- 0%
- Veterans
- 4.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Malcom ›
Education in Malcom
30.7% of adults 25 and older in Malcom have a bachelor's degree or higher (Iowa: 31.4%), and 2.3% have a graduate or professional degree.
Jobs and commute in Malcom
- Unemployment rate
- 0.7%State: 3.6%
- Average commute
- 22 minState: 20 min
- Work from home
- 5.9%
- Drive alone
- 89.7%
- Public transit
- 0%
- Walk to work
- 3.7%
- Homes with broadband
- 87.5%
Malcom vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Malcom | 221 | $76,750 | $109,800 | $638 |
| Brooklyn | 1,459 | $73,438 | $137,100 | $832 |
| Montezuma | 1,410 | $65,660 | $179,400 | $858 |
| Grinnell | 9,505 | $65,320 | $209,500 | $895 |
| Holiday Lake | 397 | $82,868 | $284,800 | — |
| Searsboro | 109 | $66,250 | $104,200 | $967 |
| Hartwick | 114 | $83,750 | $90,000 | — |
| Deep River | 335 | $83,125 | $95,200 | $481 |
| Victor | 987 | $74,000 | $116,600 | $717 |
More for people moving to Malcom
Malcom ZIP code ›Weather and climate ›Living in Malcom: FAQ
What is the median household income in Malcom, IA?
The median household income in Malcom is $76,750, about the same as the Iowa median of $75,059 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Malcom?
The median home value in Malcom is $109,800, compared with $208,000 in Iowa.
How much is rent in Malcom?
The median gross rent in Malcom is $638 per month, about 20.8% of household income.
Is Malcom, IA a good place to live?
Pluses: median household income about the same as the Iowa median; home values 47% lower than the state median; unemployment of 0.7%; a poverty rate of 10%. Minuses: an average commute of 22 minutes.
What is the median age in Malcom?
The median age in Malcom is 43.4 years (Iowa: 38.6).
How long is the commute in Malcom?
The average commute to work in Malcom is 22 minutes; 5.9% of workers work from home.
What is the unemployment rate in Malcom?
The unemployment rate in Malcom is 0.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Malcom?
30.7% of adults in Malcom 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: