Living in Malvern, Iowa
Cost of living, income, home prices, rent and demographics of Malvern · Census data 2020–2024
Malvern has 1,323 residents with a median age of 42.4. The median household income is $84,223 (12% higher than the Iowa median), the median home value is $174,700, the median rent is $839/month.
Malvern is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Malvern at a glance
- Population
- 1,323
- Median age
- 42.4State: 38.6
- Median household income
- $84,223State: $75,059
- Median home value
- $174,700State: $208,000
- Median rent
- $839/moState: $972
- Homeowners
- 83.5%
- Bachelor's degree or higher
- 25.5%
- Average commute
- 31 min
Is Malvern a good place to live?
Pros: Median household income 12% higher than the Iowa median; home values 16% lower than the state median; unemployment of 1%; a poverty rate of 6.5%.
Cons: An average commute of 31 minutes.
The weather is best in May and August to October.
Cost of living in Malvern
Housing is the biggest part of the cost of living. In Malvern the median home value is $174,700, 47% lower than the U.S. median. Renters pay a median of $839 per month, which is 25.5% of household income. Homeowners with a mortgage pay $1,326 a month in housing costs.
Malvern median household income
The median household income in Malvern is $84,223 and the income per person is $48,373. 6.5% of residents live below the poverty line (Iowa: 11.1%).
Housing in Malvern: homes for sale and rent
- Housing units
- 534
- Owner-occupied
- 83.5%
- Renter-occupied
- 16.5%
- Vacant
- 14.8%Includes seasonal homes
- Median year built
- 1948
- Average household size
- 2.80
Malvern demographics
- Population
- 1,323
- Median age
- 42.4
- Under 18
- 21.3%
- 65 and older
- 20%
- Households
- 455
- Foreign-born
- 0.6%
- Veterans
- 7.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Malvern ›
Education in Malvern
25.5% of adults 25 and older in Malvern have a bachelor's degree or higher (Iowa: 31.4%), and 4.9% have a graduate or professional degree.
Jobs and commute in Malvern
- Unemployment rate
- 1%State: 3.6%
- Average commute
- 31 minState: 20 min
- Work from home
- 3%
- Drive alone
- 80.1%
- Public transit
- 0%
- Walk to work
- 1.9%
- Homes with broadband
- 94.3%
Malvern vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Malvern | 1,323 | $84,223 | $174,700 | $839 |
| Hastings | 164 | $84,375 | $90,700 | — |
| Silver City | 504 | $67,250 | $156,800 | $1,188 |
| Glenwood | 5,144 | $71,790 | $206,200 | $924 |
| Tabor | 877 | $58,750 | $204,200 | $289 |
| Randolph | 235 | $46,500 | $90,500 | $1,094 |
| Emerson | 570 | $49,063 | $119,500 | $1,034 |
| Henderson | 143 | $54,375 | $77,500 | — |
| Thurman | 217 | $91,188 | $107,500 | $1,725 |
More for people moving to Malvern
Malvern ZIP code ›Weather and climate ›Living in Malvern: FAQ
What is the median household income in Malvern, IA?
The median household income in Malvern is $84,223, 12% higher than 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 Malvern?
The median home value in Malvern is $174,700, compared with $208,000 in Iowa.
How much is rent in Malvern?
The median gross rent in Malvern is $839 per month, about 25.5% of household income.
Is Malvern, IA a good place to live?
Pluses: median household income 12% higher than the Iowa median; home values 16% lower than the state median; unemployment of 1%; a poverty rate of 6.5%. Minuses: an average commute of 31 minutes.
What is the median age in Malvern?
The median age in Malvern is 42.4 years (Iowa: 38.6).
How long is the commute in Malvern?
The average commute to work in Malvern is 31 minutes; 3% of workers work from home.
What is the unemployment rate in Malvern?
The unemployment rate in Malvern is 1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Malvern?
25.5% 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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