Living in Malvern, Pennsylvania
Cost of living, income, home prices, rent and demographics of Malvern · Census data 2020–2024
Malvern has 3,435 residents with a median age of 46.4. The median household income is $117,548 (51% higher than the Pennsylvania median), the median home value is $521,800, the median rent is $2,169/month.
Malvern at a glance
- Population
- 3,435
- Median age
- 46.4State: 40.9
- Median household income
- $117,548State: $77,971
- Median home value
- $521,800State: $254,500
- Median rent
- $2,169/moState: $1,209
- Homeowners
- 55.5%
- Bachelor's degree or higher
- 69.5%
- Average commute
- 25 min
Is Malvern a good place to live?
Pros: Median household income 51% higher than the Pennsylvania median; an average commute of 25 minutes; unemployment of 4.3%; a poverty rate of 4.5%.
Cons: Home values 105% higher than the state median.
The weather is best in May–June and August–September.
Cost of living in Malvern
Housing is the biggest part of the cost of living. In Malvern the median home value is $521,800, 57% higher than the U.S. median. Renters pay a median of $2,169 per month, which is 26.4% of household income. Homeowners with a mortgage pay $2,431 a month in housing costs.
Malvern median household income
The median household income in Malvern is $117,548 and the income per person is $79,770. 4.5% of residents live below the poverty line (Pennsylvania: 11.7%).
Housing in Malvern: homes for sale and rent
- Housing units
- 1,663
- Owner-occupied
- 55.5%
- Renter-occupied
- 44.5%
- Vacant
- 7.2%Includes seasonal homes
- Median year built
- 1974
- Average household size
- 2.20
Malvern demographics
- Population
- 3,435
- Median age
- 46.4
- Under 18
- 19.9%
- 65 and older
- 20.1%
- Households
- 1,543
- Foreign-born
- 11.3%
- Veterans
- 3.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Malvern ›
Education in Malvern
69.5% of adults 25 and older in Malvern have a bachelor's degree or higher (Pennsylvania: 35.2%), and 27.9% have a graduate or professional degree.
Jobs and commute in Malvern
- Unemployment rate
- 4.3%State: 5.3%
- Average commute
- 25 minState: 26 min
- Work from home
- 24.7%
- Drive alone
- 69.3%
- Public transit
- 4.7%
- Walk to work
- 0%
- Homes with broadband
- 93.9%
Malvern vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Malvern | 3,435 | $117,548 | $521,800 | $2,169 |
| Paoli | 6,362 | $138,396 | $481,200 | $1,995 |
| Frazer | 3,389 | $141,801 | $611,700 | $2,139 |
| East Whiteland | 14,774 | $147,460 | $637,000 | $2,233 |
| Willistown | 11,366 | $187,466 | $617,800 | $2,742 |
| East Goshen | 18,441 | $106,866 | $528,600 | $1,785 |
| Easttown | 11,067 | $214,861 | $852,800 | $1,963 |
| Berwyn | 3,680 | $145,833 | $639,400 | $1,750 |
| Chesterbrook | 5,839 | $124,295 | $453,400 | $2,452 |
More for people moving to Malvern
Malvern ZIP code ›Weather and climate ›Living in Malvern: FAQ
What is the median household income in Malvern, PA?
The median household income in Malvern is $117,548, 51% higher than the Pennsylvania median of $77,971 (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 $521,800, compared with $254,500 in Pennsylvania.
How much is rent in Malvern?
The median gross rent in Malvern is $2,169 per month, about 26.4% of household income.
Is Malvern, PA a good place to live?
Pluses: median household income 51% higher than the Pennsylvania median; an average commute of 25 minutes; unemployment of 4.3%; a poverty rate of 4.5%. Minuses: home values 105% higher than the state median.
What is the median age in Malvern?
The median age in Malvern is 46.4 years (Pennsylvania: 40.9).
How long is the commute in Malvern?
The average commute to work in Malvern is 25 minutes; 24.7% 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?
69.5% 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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