Living in Malvern, Ohio
Cost of living, income, home prices, rent and demographics of Malvern · Census data 2020–2024
Malvern has 1,502 residents with a median age of 40.4. The median household income is $30,630 (57% lower than the Ohio median), the median home value is $129,200, the median rent is $528/month.
Malvern at a glance
- Population
- 1,502
- Median age
- 40.4State: 39.7
- Median household income
- $30,630State: $71,389
- Median home value
- $129,200State: $214,800
- Median rent
- $528/moState: $1,034
- Homeowners
- 37.5%
- Bachelor's degree or higher
- 11.1%
- Average commute
- 40 min
Is Malvern a good place to live?
Pros: Home values 40% lower than the state median; unemployment of 4.3%.
Cons: Median household income 57% lower than the Ohio median; an average commute of 40 minutes; a poverty rate of 26.6%.
The weather is best in June to September.
Cost of living in Malvern
Housing is the biggest part of the cost of living. In Malvern the median home value is $129,200, 61% lower than the U.S. median. Renters pay a median of $528 per month, which is 28.3% of household income. Homeowners with a mortgage pay $1,082 a month in housing costs.
Malvern median household income
The median household income in Malvern is $30,630 and the income per person is $20,292. 26.6% of residents live below the poverty line (Ohio: 13.3%).
Housing in Malvern: homes for sale and rent
- Housing units
- 703
- Owner-occupied
- 37.5%
- Renter-occupied
- 62.5%
- Vacant
- 4%Includes seasonal homes
- Median year built
- 1965
- Average household size
- 2.23
Malvern demographics
- Population
- 1,502
- Median age
- 40.4
- Under 18
- 28%
- 65 and older
- 19.2%
- Households
- 675
- Foreign-born
- 0.3%
- Veterans
- 7.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Malvern ›
Education in Malvern
11.1% of adults 25 and older in Malvern have a bachelor's degree or higher (Ohio: 31.5%), and 3.9% have a graduate or professional degree.
Jobs and commute in Malvern
- Unemployment rate
- 4.3%State: 4.8%
- Average commute
- 40 minState: 23 min
- Work from home
- 13.1%
- Drive alone
- 49.9%
- Public transit
- 0%
- Walk to work
- 9.5%
- Homes with broadband
- 71.6%
Malvern vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Malvern | 1,502 | $30,630 | $129,200 | $528 |
| Lake Mohawk | 1,409 | $75,496 | $336,500 | — |
| Pekin | 369 | $51,929 | — | — |
| Waynesburg | 1,035 | $51,042 | $129,300 | $940 |
| Minerva | 3,196 | $54,380 | $124,400 | $904 |
| Robertsville | 386 | $59,240 | $109,400 | — |
| Magnolia | 1,061 | $75,156 | $164,600 | $746 |
| East Rochester | 188 | $60,192 | — | — |
| East Canton | 1,427 | $57,364 | $147,000 | $859 |
More for people moving to Malvern
Malvern ZIP code ›Weather and climate ›Living in Malvern: FAQ
What is the median household income in Malvern, OH?
The median household income in Malvern is $30,630, 57% lower than the Ohio median of $71,389 (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 $129,200, compared with $214,800 in Ohio.
How much is rent in Malvern?
The median gross rent in Malvern is $528 per month, about 28.3% of household income.
Is Malvern, OH a good place to live?
Pluses: home values 40% lower than the state median; unemployment of 4.3%. Minuses: median household income 57% lower than the Ohio median; an average commute of 40 minutes; a poverty rate of 26.6%.
What is the median age in Malvern?
The median age in Malvern is 40.4 years (Ohio: 39.7).
How long is the commute in Malvern?
The average commute to work in Malvern is 40 minutes; 13.1% of workers work from home.
What is the unemployment rate in Malvern?
The unemployment rate in Malvern is 4.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Malvern?
11.1% 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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