Malone, NY
Population 5,466 · New York
About Malone, NY
Malone is a small town located in New York with a population of 5,466 residents according to the latest US Census Bureau American Community Survey data. The median household income is $59,489 per year, which is 21% below the national median of $75,149. The median age of 43.6 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Malone features a median home value of $103,500, which is 58% below the national median of $244,900. This makes Malone one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $793, 32% below the national average of $1,163/month. Of the 3,140 total housing units, 51% are owner-occupied (1,354 units) and 49% are renter-occupied (1,316 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Malone shows an unemployment rate of 3.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 14.3%, above the national average of 12.4%. Workers in Malone have an average one-way commute time of 12.7 minutes, one of the shorter commutes in the region.
Education & Demographics
28.9% of Malone 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 0.4% White, 1.2% Hispanic or Latino, 0.0% Black or African American, and 1.2% Asian residents, with 1.0% of the population being foreign-born.
Cost of Living in Malone, NY
Compared to national averages, Malone has a median household income of $59,489 (21% below the national median of $75,149). Home values average $103,500, which is 58% below the national median. Monthly rent at $793 is 32% below the US average of $1,163. Within New York, Malone's income is 39% below the state average of $96,987, and home values are 73% below the state median of $387,181.
Why Live in Malone, NY?
Malone offers affordable housing with a median home value of $103,500, below the US average of $244,900, and rent that’s lower than the national average at $793/month, and a strong job market with an unemployment rate of just 3.0%. Additionally, the city features short commute times averaging just 12.7 minutes.
Potential considerations include median household income ($59,489) that falls below the national average. However, Malone’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Malone has a population of 5,466 with a median age of 43.6 years. Compare Malone with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Malone
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Hampton Manor | 5,448 | $105,504 | $223,300 | Compare |
| Blauvelt | 5,485 | $172,083 | $629,000 | Compare |
| Albion | 5,495 | $45,474 | $81,300 | Compare |
| Fairport | 5,436 | $99,805 | $262,600 | Compare |
| New Hempstead | 5,431 | $131,293 | $707,300 | Compare |
| Williamsville | 5,430 | $106,250 | $242,800 | Compare |
| North Hills | 5,419 | $196,938 | $1,212,900 | Compare |
| Lake Mohegan | 5,566 | $160,741 | $483,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New York
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Malone With Other Cities
Frequently Asked Questions about Malone
What is the population of Malone, NY?
The population of Malone, NY is 5,466 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in New York.
What is the median household income in Malone?
The median household income in Malone, NY is $59,489 per year, which is 21% below the national median of $75,149.
What is the median home value in Malone?
The median home value in Malone, NY is $103,500, which is 58% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Malone?
The median monthly rent in Malone, NY is $793, which is 32% below the national average of $1,163/month.
What is the unemployment rate in Malone?
The unemployment rate in Malone, NY is 3.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Malone, NY a good place to live?
Malone offers a moderate cost of living, affordable housing, and a strong job market. With a population of 5,466 and a median age of 43.6, the city appeals to a broad range of residents.
How educated is Malone, NY?
28.9% of residents in Malone 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 Malone?
Key cost-of-living indicators for Malone, NY: median home value is $103,500 (58% below national), median rent is $793/month, and median household income is $59,489. The home-value-to-income ratio is 1.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Malone?
The poverty rate in Malone, NY is 14.3%, 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 Malone, NY?
Malone's population is 0.4% White, 1.2% Hispanic or Latino, 0.0% Black or African American, 1.2% Asian, and 1.8% two or more races. 1.0% of residents are foreign-born.