Living in Malverne, New York
Cost of living, income, home prices, rent and demographics of Malverne · Census data 2020–2024
Malverne has 8,477 residents with a median age of 45.3. The median household income is $149,489 (74% higher than the New York median), the median home value is $651,100, the median rent is $1,898/month.
Malverne at a glance
- Population
- 8,477
- Median age
- 45.3State: 39.8
- Median household income
- $149,489State: $85,974
- Median home value
- $651,100State: $423,800
- Median rent
- $1,898/moState: $1,621
- Homeowners
- 96.3%
- Bachelor's degree or higher
- 54.9%
- Average commute
- 33 min
Is Malverne a good place to live?
Pros: Median household income 74% higher than the New York median; unemployment of 2.3%; a poverty rate of 8.2%.
Cons: Home values 54% higher than the state median; an average commute of 33 minutes.
The weather is best in June to September.
Cost of living in Malverne
Housing is the biggest part of the cost of living. In Malverne the median home value is $651,100, 96% higher than the U.S. median. Renters pay a median of $1,898 per month, which is 23.6% of household income. Homeowners with a mortgage pay $3,899 a month in housing costs.
Malverne median household income
The median household income in Malverne is $149,489 and the income per person is $65,689. 8.2% of residents live below the poverty line (New York: 14%).
Housing in Malverne: homes for sale and rent
- Housing units
- 3,164
- Owner-occupied
- 96.3%
- Renter-occupied
- 3.7%
- Vacant
- 4.6%Includes seasonal homes
- Median year built
- 1941
- Average household size
- 2.80
Malverne demographics
- Population
- 8,477
- Median age
- 45.3
- Under 18
- 20.2%
- 65 and older
- 23.2%
- Households
- 3,017
- Foreign-born
- 13.3%
- Veterans
- 3%Adults 18+
Hispanic or Latino can be of any race. Population history of Malverne ›
Education in Malverne
54.9% of adults 25 and older in Malverne have a bachelor's degree or higher (New York: 40.2%), and 23.2% have a graduate or professional degree.
Jobs and commute in Malverne
- Unemployment rate
- 2.3%State: 6.4%
- Average commute
- 33 minState: 33 min
- Work from home
- 19.8%
- Drive alone
- 68.5%
- Public transit
- 6%
- Walk to work
- 0.6%
- Homes with broadband
- 96%
Malverne vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Malverne | 8,477 | $149,489 | $651,100 | $1,898 |
| North Lynbrook | 922 | $143,636 | $629,400 | — |
| Malverne Park Oaks | 635 | $144,205 | $488,200 | — |
| Lynbrook | 20,325 | $136,696 | $611,900 | $2,230 |
| Lakeview | 5,825 | $118,777 | $565,300 | $2,959 |
| Franklin Square | 30,897 | $143,263 | $657,000 | $2,102 |
| Valley Stream | 40,315 | $133,190 | $616,100 | $2,124 |
| West Hempstead | 20,648 | $164,127 | $653,600 | $2,967 |
| Rockville Centre | 25,765 | $151,938 | $818,700 | $1,881 |
More for people moving to Malverne
Malverne ZIP code ›Weather and climate ›Living in Malverne: FAQ
What is the median household income in Malverne, NY?
The median household income in Malverne is $149,489, 74% higher than the New York median of $85,974 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Malverne?
The median home value in Malverne is $651,100, compared with $423,800 in New York.
How much is rent in Malverne?
The median gross rent in Malverne is $1,898 per month, about 23.6% of household income.
Is Malverne, NY a good place to live?
Pluses: median household income 74% higher than the New York median; unemployment of 2.3%; a poverty rate of 8.2%. Minuses: home values 54% higher than the state median; an average commute of 33 minutes.
What is the median age in Malverne?
The median age in Malverne is 45.3 years (New York: 39.8).
How long is the commute in Malverne?
The average commute to work in Malverne is 33 minutes; 19.8% of workers work from home.
What is the unemployment rate in Malverne?
The unemployment rate in Malverne is 2.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Malverne?
54.9% of adults in Malverne 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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