Living in Malden, Massachusetts
Cost of living, income, home prices, rent and demographics of Malden · Census data 2020–2024
Malden has 65,906 residents with a median age of 35.8. The median household income is $100,606 (3% lower than the Massachusetts median), the median home value is $633,500, the median rent is $2,204/month.
Malden at a glance
- Population
- 65,906
- Median age
- 35.8State: 40
- Median household income
- $100,606State: $103,960
- Median home value
- $633,500State: $562,100
- Median rent
- $2,204/moState: $1,762
- Homeowners
- 41.3%
- Bachelor's degree or higher
- 45.1%
- Average commute
- 34 min
Is Malden a good place to live?
Cons: Median household income 3% lower than the Massachusetts median; home values 13% higher than the state median; an average commute of 34 minutes; unemployment of 5.4%; a poverty rate of 11.4%.
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 $633,500, 90% higher than the U.S. median. Renters pay a median of $2,204 per month, which is 30.5% of household income. Homeowners with a mortgage pay $2,722 a month in housing costs.
Malden median household income
The median household income in Malden is $100,606 and the income per person is $48,581. 11.4% of residents live below the poverty line (Massachusetts: 10%).
Housing in Malden: homes for sale and rent
- Housing units
- 27,876
- Owner-occupied
- 41.3%
- Renter-occupied
- 58.7%
- Vacant
- 6.6%Includes seasonal homes
- Median year built
- 1950
- Average household size
- 2.52
Malden demographics
- Population
- 65,906
- Median age
- 35.8
- Under 18
- 18.2%
- 65 and older
- 13%
- Households
- 26,042
- Foreign-born
- 41.2%
- Veterans
- 2.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Malden ›
Education in Malden
45.1% of adults 25 and older in Malden have a bachelor's degree or higher (Massachusetts: 47.3%), and 18.8% have a graduate or professional degree.
Jobs and commute in Malden
- Unemployment rate
- 5.4%State: 5.2%
- Average commute
- 34 minState: 29 min
- Work from home
- 19.8%
- Drive alone
- 42.3%
- Public transit
- 18.8%
- Walk to work
- 2.7%
- Homes with broadband
- 94.3%
Malden vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Malden | 65,906 | $100,606 | $633,500 | $2,204 |
| Everett | 50,045 | $85,218 | $610,000 | $2,076 |
| Melrose | 29,650 | $133,953 | $822,900 | $1,970 |
| Medford | 59,354 | $129,540 | $755,500 | $2,509 |
| Chelsea | 39,908 | $72,179 | $493,500 | $1,956 |
| Somerville | 81,036 | $132,572 | $911,300 | $2,517 |
| Revere | 60,012 | $86,969 | $597,400 | $2,076 |
| Saugus | 28,773 | $101,539 | $603,400 | $2,241 |
| Stoneham | 23,355 | $113,964 | $671,900 | $2,035 |
More for people moving to Malden
Malden ZIP code ›Weather and climate ›Living in Malden: FAQ
What is the median household income in Malden, MA?
The median household income in Malden is $100,606, 3% lower than the Massachusetts median of $103,960 (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 $633,500, compared with $562,100 in Massachusetts.
How much is rent in Malden?
The median gross rent in Malden is $2,204 per month, about 30.5% of household income.
Is Malden, MA a good place to live?
Minuses: median household income 3% lower than the Massachusetts median; home values 13% higher than the state median; an average commute of 34 minutes; unemployment of 5.4%; a poverty rate of 11.4%.
What is the median age in Malden?
The median age in Malden is 35.8 years (Massachusetts: 40).
How long is the commute in Malden?
The average commute to work in Malden is 34 minutes; 19.8% of workers work from home.
What is the unemployment rate in Malden?
The unemployment rate in Malden is 5.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Malden?
45.1% 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.
Last updated: