Living in Malaga, New Jersey
Cost of living, income, home prices, rent and demographics of Malaga · Census data 2020–2024
Malaga has 1,693 residents with a median age of 38. The median household income is $107,553 (4% higher than the New Jersey median), the median home value is $236,300, the median rent is $1,117/month.
Malaga at a glance
- Population
- 1,693
- Median age
- 38State: 40.1
- Median household income
- $107,553State: $103,556
- Median home value
- $236,300State: $454,400
- Median rent
- $1,117/moState: $1,720
- Homeowners
- 69.9%
- Bachelor's degree or higher
- 18.8%
- Average commute
- 33 min
Is Malaga a good place to live?
Pros: Median household income 4% higher than the New Jersey median; home values 48% lower than the state median; unemployment of 6.2%; a poverty rate of 5.4%.
Cons: An average commute of 33 minutes.
The weather is best in May–June and September–October.
Cost of living in Malaga
Housing is the biggest part of the cost of living. In Malaga the median home value is $236,300, 29% lower than the U.S. median. Renters pay a median of $1,117 per month, which is 18% of household income. Homeowners with a mortgage pay $2,054 a month in housing costs.
Malaga median household income
The median household income in Malaga is $107,553 and the income per person is $44,994. 5.4% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Malaga: homes for sale and rent
- Housing units
- 675
- Owner-occupied
- 69.9%
- Renter-occupied
- 30.1%
- Vacant
- 5.5%Includes seasonal homes
- Median year built
- 1973
- Average household size
- 2.65
Malaga demographics
- Population
- 1,693
- Median age
- 38
- Under 18
- 17.8%
- 65 and older
- 9.7%
- Households
- 638
- Foreign-born
- 0%
- Veterans
- 4.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Malaga ›
Education in Malaga
18.8% of adults 25 and older in Malaga have a bachelor's degree or higher (New Jersey: 43.6%), and 10.7% have a graduate or professional degree.
Jobs and commute in Malaga
- Unemployment rate
- 6.2%State: 6.3%
- Average commute
- 33 minState: 31 min
- Work from home
- 0%
- Drive alone
- 90.1%
- Public transit
- 0%
- Walk to work
- 0.8%
- Homes with broadband
- 80.6%
Malaga vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Malaga | 1,693 | $107,553 | $236,300 | $1,117 |
| Franklin | 16,490 | $110,197 | $306,800 | $1,602 |
| Franklinville | 1,904 | $122,179 | $268,100 | $1,646 |
| Newfield | 1,844 | $104,107 | $259,400 | $1,510 |
| Pittsgrove | 8,854 | $92,917 | $302,500 | $1,190 |
| Victory Lakes | 1,577 | $89,907 | $271,800 | — |
| Clayton | 8,921 | $90,274 | $252,300 | $1,246 |
| Elmer | 1,176 | $95,357 | $227,300 | $1,741 |
| Buena | 4,520 | $79,697 | $256,800 | $1,156 |
More for people moving to Malaga
Malaga ZIP code ›Weather and climate ›Living in Malaga: FAQ
What is the median household income in Malaga, NJ?
The median household income in Malaga is $107,553, 4% higher than the New Jersey median of $103,556 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Malaga?
The median home value in Malaga is $236,300, compared with $454,400 in New Jersey.
How much is rent in Malaga?
The median gross rent in Malaga is $1,117 per month, about 18% of household income.
Is Malaga, NJ a good place to live?
Pluses: median household income 4% higher than the New Jersey median; home values 48% lower than the state median; unemployment of 6.2%; a poverty rate of 5.4%. Minuses: an average commute of 33 minutes.
What is the median age in Malaga?
The median age in Malaga is 38 years (New Jersey: 40.1).
How long is the commute in Malaga?
The average commute to work in Malaga is 33 minutes; 0% of workers work from home.
What is the unemployment rate in Malaga?
The unemployment rate in Malaga is 6.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Malaga?
18.8% of adults in Malaga 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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