Malcolm, NE
Population 428 · Nebraska
About Malcolm, NE
Malcolm is a small community located in Nebraska with a population of 428 residents according to the latest US Census Bureau American Community Survey data. The median household income is $84,712 per year, which is 13% above the national median of $75,149. The median age of 32.5 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 Malcolm features a median home value of $239,800, which is 2% below the national median of $244,900. This positions Malcolm in a moderately priced market relative to the rest of the country. Median monthly rent is $893, 23% below the national average of $1,163/month. Of the 198 total housing units, 65% are owner-occupied (115 units) and 35% are renter-occupied (62 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Malcolm shows an unemployment rate of 2.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 12.9%, above the national average of 12.4%. Workers in Malcolm have an average one-way commute time of 22.5 minutes.
Education & Demographics
32.4% of Malcolm residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.0% White, 0.9% Hispanic or Latino, 0.0% Black or African American, and 0.2% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Malcolm, NE
Compared to national averages, Malcolm has a median household income of $84,712 (13% above the national median of $75,149). Home values average $239,800, which is 2% below the national median. Monthly rent at $893 is 23% below the US average of $1,163. Within Nebraska, Malcolm's income is 29% above the state average of $65,895, and home values are 91% above the state median of $125,824.
Why Live in Malcolm, NE?
Malcolm offers a strong local economy with a median household income of $84,712, well above the national average, and affordable housing with a median home value of $239,800, below the US average of $244,900, and rent that’s lower than the national average at $893/month. Additionally, the city features a strong job market with an unemployment rate of just 2.0%, and short commute times averaging just 22.5 minutes.
Malcolm has a population of 428 with a median age of 32.5 years. Compare Malcolm with other cities to see how it stacks up, or explore all cities in Nebraska.
Similar Cities Near Malcolm
Cities in Nebraska with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Eustis | 427 | $91,750 | $124,500 | Compare |
| De Witt | 426 | $82,292 | $112,200 | Compare |
| Sargent | 425 | $46,250 | $67,300 | Compare |
| Petersburg | 423 | $73,750 | $134,100 | Compare |
| Greeley Center | 434 | $45,625 | $58,600 | Compare |
| Mullen | 419 | $45,610 | $81,900 | Compare |
| Chambers | 418 | $54,167 | $83,800 | Compare |
| Cedar Creek | 415 | $115,781 | $375,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Nebraska
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Malcolm With Other Cities
Frequently Asked Questions about Malcolm
What is the population of Malcolm, NE?
The population of Malcolm, NE is 428 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Nebraska.
What is the median household income in Malcolm?
The median household income in Malcolm, NE is $84,712 per year, which is 13% above the national median of $75,149.
What is the median home value in Malcolm?
The median home value in Malcolm, NE is $239,800, which is 2% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Malcolm?
The median monthly rent in Malcolm, NE is $893, which is 23% below the national average of $1,163/month.
What is the unemployment rate in Malcolm?
The unemployment rate in Malcolm, NE is 2.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Malcolm, NE a good place to live?
Malcolm offers above-average incomes, affordable housing, and a strong job market. With a population of 428 and a median age of 32.5, the city appeals to young professionals and families.
How educated is Malcolm, NE?
32.4% of residents in Malcolm aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Malcolm?
Key cost-of-living indicators for Malcolm, NE: median home value is $239,800 (2% below national), median rent is $893/month, and median household income is $84,712. The home-value-to-income ratio is 2.8x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Malcolm?
The poverty rate in Malcolm, NE is 12.9%, 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 Malcolm, NE?
Malcolm's population is 0.0% White, 0.9% Hispanic or Latino, 0.0% Black or African American, 0.2% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.