Living in Malone, Texas
Cost of living, income, home prices, rent and demographics of Malone · Census data 2020–2024
Malone has 280 residents with a median age of 21.9. The median household income is $31,083 (60% lower than the Texas median), the median home value is $117,600, the median rent is $850/month.
Malone is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Malone at a glance
- Population
- 280
- Median age
- 21.9State: 35.6
- Median household income
- $31,083State: $78,476
- Median home value
- $117,600State: $283,800
- Median rent
- $850/moState: $1,403
- Homeowners
- 82%
- Bachelor's degree or higher
- 5.4%
- Average commute
- 44 min
Is Malone a good place to live?
Pros: Home values 59% lower than the state median.
Cons: Median household income 60% lower than the Texas median; an average commute of 44 minutes; a poverty rate of 48.2%.
The weather is best in April–May and October–November.
Cost of living in Malone
Housing is the biggest part of the cost of living. In Malone the median home value is $117,600, 65% lower than the U.S. median. Renters pay a median of $850 per month, which is 23% of household income. Homeowners with a mortgage pay $1,063 a month in housing costs.
Malone median household income
The median household income in Malone is $31,083 and the income per person is $15,272. 48.2% of residents live below the poverty line (Texas: 13.8%).
Housing in Malone: homes for sale and rent
- Housing units
- 133
- Owner-occupied
- 82%
- Renter-occupied
- 18%
- Vacant
- 33.1%Includes seasonal homes
- Median year built
- 1944
- Average household size
- 3.15
33.1% of homes are vacant most of the year, a sign that Malone has many vacation and second homes.
Malone demographics
- Population
- 280
- Median age
- 21.9
- Under 18
- 40.7%
- 65 and older
- 8.6%
- Households
- 89
- Foreign-born
- 19.3%
- Veterans
- 2.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Malone ›
Education in Malone
5.4% of adults 25 and older in Malone have a bachelor's degree or higher (Texas: 33.8%), and 0% have a graduate or professional degree.
Jobs and commute in Malone
- Unemployment rate
- 0%State: 5.3%
- Average commute
- 44 minState: 27 min
- Work from home
- 3%
- Drive alone
- 85.1%
- Public transit
- 0%
- Walk to work
- 1.5%
- Homes with broadband
- 87.6%
Malone vs nearby towns
More for people moving to Malone
Malone ZIP code ›Weather and climate ›Living in Malone: FAQ
What is the median household income in Malone, TX?
The median household income in Malone is $31,083, 60% lower than the Texas median of $78,476 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Malone?
The median home value in Malone is $117,600, compared with $283,800 in Texas.
How much is rent in Malone?
The median gross rent in Malone is $850 per month, about 23% of household income.
Is Malone, TX a good place to live?
Pluses: home values 59% lower than the state median. Minuses: median household income 60% lower than the Texas median; an average commute of 44 minutes; a poverty rate of 48.2%.
What is the median age in Malone?
The median age in Malone is 21.9 years (Texas: 35.6).
How long is the commute in Malone?
The average commute to work in Malone is 44 minutes; 3% of workers work from home.
What is the unemployment rate in Malone?
The unemployment rate in Malone is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Malone?
5.4% of adults in Malone 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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