Living in Malcolm, Nebraska
Cost of living, income, home prices, rent and demographics of Malcolm · Census data 2020–2024
Malcolm has 480 residents with a median age of 31.8. The median household income is $85,625 (12% higher than the Nebraska median), the median home value is $263,200, the median rent is $911/month.
Malcolm is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Malcolm at a glance
- Population
- 480
- Median age
- 31.8State: 37.2
- Median household income
- $85,625State: $76,475
- Median home value
- $263,200State: $238,600
- Median rent
- $911/moState: $1,072
- Homeowners
- 59.2%
- Bachelor's degree or higher
- 30.2%
- Average commute
- 21 min
Is Malcolm a good place to live?
Pros: Median household income 12% higher than the Nebraska median; unemployment of 0.8%.
Cons: Home values 10% higher than the state median; an average commute of 21 minutes; a poverty rate of 18.4%.
The weather is best in May–June and August–September.
Cost of living in Malcolm
Housing is the biggest part of the cost of living. In Malcolm the median home value is $263,200, 21% lower than the U.S. median. Renters pay a median of $911 per month, which is 21.4% of household income. Homeowners with a mortgage pay $1,657 a month in housing costs.
Malcolm median household income
The median household income in Malcolm is $85,625 and the income per person is $37,553. 18.4% of residents live below the poverty line (Nebraska: 10.6%).
Housing in Malcolm: homes for sale and rent
- Housing units
- 214
- Owner-occupied
- 59.2%
- Renter-occupied
- 40.8%
- Vacant
- 6.1%Includes seasonal homes
- Median year built
- 1979
- Average household size
- 2.39
Malcolm demographics
- Population
- 480
- Median age
- 31.8
- Under 18
- 24.6%
- 65 and older
- 13.3%
- Households
- 201
- Foreign-born
- 0%
- Veterans
- 6.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Malcolm ›
Education in Malcolm
30.2% of adults 25 and older in Malcolm have a bachelor's degree or higher (Nebraska: 34.6%), and 12% have a graduate or professional degree.
Jobs and commute in Malcolm
- Unemployment rate
- 0.8%State: 3%
- Average commute
- 21 minState: 19 min
- Work from home
- 8.2%
- Drive alone
- 80.5%
- Public transit
- 0.8%
- Walk to work
- 1.2%
- Homes with broadband
- 95.5%
Malcolm vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Malcolm | 480 | $85,625 | $263,200 | $911 |
| Raymond | 187 | $99,107 | $193,300 | $770 |
| Garland | 180 | $51,979 | $185,000 | — |
| Pleasant Dale | 244 | $64,250 | $177,800 | $916 |
| Davey | 117 | $109,375 | $230,700 | — |
| Denton | 145 | $57,250 | $247,900 | $878 |
| Valparaiso | 524 | $85,625 | $230,400 | $931 |
| Seward | 7,678 | $72,564 | $244,600 | $1,018 |
| Bee | 281 | $99,688 | $150,000 | $900 |
More for people moving to Malcolm
Malcolm ZIP code ›Weather and climate ›Living in Malcolm: FAQ
What is the median household income in Malcolm, NE?
The median household income in Malcolm is $85,625, 12% higher than the Nebraska median of $76,475 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Malcolm?
The median home value in Malcolm is $263,200, compared with $238,600 in Nebraska.
How much is rent in Malcolm?
The median gross rent in Malcolm is $911 per month, about 21.4% of household income.
Is Malcolm, NE a good place to live?
Pluses: median household income 12% higher than the Nebraska median; unemployment of 0.8%. Minuses: home values 10% higher than the state median; an average commute of 21 minutes; a poverty rate of 18.4%.
What is the median age in Malcolm?
The median age in Malcolm is 31.8 years (Nebraska: 37.2).
How long is the commute in Malcolm?
The average commute to work in Malcolm is 21 minutes; 8.2% of workers work from home.
What is the unemployment rate in Malcolm?
The unemployment rate in Malcolm is 0.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Malcolm?
30.2% of adults in Malcolm 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: