Malaga, NJ
Population 1,612 · New Jersey
About Malaga, NJ
Malaga is a small town located in New Jersey with a population of 1,612 residents according to the latest US Census Bureau American Community Survey data. The median household income is $107,875 per year, which is 44% above the national median of $75,149. The median age of 37.4 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Malaga features a median home value of $228,500, which is 7% below the national median of $244,900. This positions Malaga in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 617 total housing units, 82% are owner-occupied (469 units) and 18% are renter-occupied (100 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Malaga shows an unemployment rate of 7.4%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 7.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Malaga have an average one-way commute time of 32.6 minutes.
Education & Demographics
13.1% of Malaga residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 1.6% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Malaga, NJ
Compared to national averages, Malaga has a median household income of $107,875 (44% above the national median of $75,149). Home values average $228,500, which is 7% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within New Jersey, Malaga's income is 7% below the state average of $115,667, and home values are 51% below the state median of $469,644.
Why Live in Malaga, NJ?
Malaga offers a strong local economy with a median household income of $107,875, well above the national average, and affordable housing with a median home value of $228,500, below the US average of $244,900, and rent that’s lower than the national average at $0/month. Additionally, the city features a low poverty rate of 7.8%, better than the national average.
Malaga has a population of 1,612 with a median age of 37.4 years. Compare Malaga with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Malaga
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Estell Manor | 1,612 | $107,417 | $288,200 | Compare |
| Frenchtown | 1,609 | $107,969 | $368,700 | Compare |
| Dover Beaches North | 1,599 | $52,417 | $738,000 | Compare |
| South Dennis | 1,579 | $137,083 | $352,800 | Compare |
| Olivet | 1,647 | $122,193 | $299,000 | Compare |
| Cedar Glen West | 1,654 | $66,313 | $67,400 | Compare |
| Sea Bright | 1,657 | $127,738 | $815,400 | Compare |
| Lake Como | 1,660 | $83,056 | $614,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New Jersey
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Malaga With Other Cities
Frequently Asked Questions about Malaga
What is the population of Malaga, NJ?
The population of Malaga, NJ is 1,612 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in New Jersey.
What is the median household income in Malaga?
The median household income in Malaga, NJ is $107,875 per year, which is 44% above the national median of $75,149.
What is the median home value in Malaga?
The median home value in Malaga, NJ is $228,500, which is 7% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Malaga?
The median monthly rent in Malaga, NJ is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Malaga?
The unemployment rate in Malaga, NJ is 7.4%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Malaga, NJ a good place to live?
Malaga offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 1,612 and a median age of 37.4, the city appeals to a broad range of residents.
How educated is Malaga, NJ?
13.1% of residents in Malaga 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 Malaga?
Key cost-of-living indicators for Malaga, NJ: median home value is $228,500 (7% below national), median rent is $0/month, and median household income is $107,875. The home-value-to-income ratio is 2.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Malaga?
The poverty rate in Malaga, NJ is 7.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Malaga, NJ?
Malaga's population is 0.0% White, 0.0% Hispanic or Latino, 1.6% Black or African American, 0.0% Asian, and 6.1% two or more races. 0.0% of residents are foreign-born.