Malden, MA
Population 65,509 · Massachusetts
About Malden, MA
Malden is a mid-sized city located in Massachusetts with a population of 65,509 residents according to the latest US Census Bureau American Community Survey data. The median household income is $95,298 per year, which is 27% above the national median of $75,149. The median age of 35.8 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Malden features a median home value of $607,500, which is 148% above the national median of $244,900. This places Malden in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,066, 78% above the national average of $1,163/month. Of the 28,043 total housing units, 42% are owner-occupied (11,070 units) and 58% are renter-occupied (15,249 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Malden shows an unemployment rate of 5.6%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 13.3%, above the national average of 12.4%. Workers in Malden have an average one-way commute time of 35.7 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
44.9% of Malden residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.7% White, 0.8% Hispanic or Latino, 1.7% Black or African American, and 5.7% Asian residents, with 40.8% of the population being foreign-born.
How Malden Ranks in Massachusetts
Cost of Living in Malden, MA
Compared to national averages, Malden has a median household income of $95,298 (27% above the national median of $75,149). Home values average $607,500, which is 148% above the national median. Monthly rent at $2,066 is 78% above the US average of $1,163. Within Massachusetts, Malden's income is 10% below the state average of $105,630, and home values are 8% above the state median of $561,296.
Why Live in Malden, MA?
Malden offers a strong local economy with a median household income of $95,298, well above the national average, and a well-educated community where 44.9% of residents hold a bachelor’s degree or higher.
Potential considerations include a competitive housing market where the typical home costs $607,500. However, as a mid-sized city, Malden provides access to a wide range of amenities and services.
Malden has a population of 65,509 with a median age of 35.8 years. Compare Malden with other cities to see how it stacks up, or explore all cities in Massachusetts.
Similar Cities Near Malden
Cities in Massachusetts with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Waltham | 64,723 | $116,560 | $705,700 | Compare |
| Haverhill | 67,387 | $87,675 | $426,900 | Compare |
| Brookline | 62,822 | $140,631 | $1,233,100 | Compare |
| Revere | 59,933 | $81,121 | $566,200 | Compare |
| Taunton | 59,719 | $79,715 | $388,200 | Compare |
| Medford | 59,062 | $118,089 | $715,500 | Compare |
| Framingham | 72,013 | $98,179 | $600,600 | Compare |
| Weymouth Town | 57,786 | $100,077 | $516,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Massachusetts
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Malden With Other Cities
Frequently Asked Questions about Malden
What is the population of Malden, MA?
The population of Malden, MA is 65,509 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Massachusetts.
What is the median household income in Malden?
The median household income in Malden, MA is $95,298 per year, which is 27% above the national median of $75,149.
What is the median home value in Malden?
The median home value in Malden, MA is $607,500, which is 148% above the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Malden?
The median monthly rent in Malden, MA is $2,066, which is 78% above the national average of $1,163/month.
What is the unemployment rate in Malden?
The unemployment rate in Malden, MA is 5.6%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Malden, MA a good place to live?
Malden offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 65,509 and a median age of 35.8, the city appeals to a broad range of residents.
How educated is Malden, MA?
44.9% of residents in Malden aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Malden?
Key cost-of-living indicators for Malden, MA: median home value is $607,500 (148% above national), median rent is $2,066/month, and median household income is $95,298. The home-value-to-income ratio is 6.4x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Malden?
The poverty rate in Malden, MA is 13.3%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Malden, MA?
Malden's population is 0.7% White, 0.8% Hispanic or Latino, 1.7% Black or African American, 5.7% Asian, and 13.1% two or more races. 40.8% of residents are foreign-born.