Malverne, NY
Population 8,496 · New York
About Malverne, NY
Malverne is a small town located in New York with a population of 8,496 residents according to the latest US Census Bureau American Community Survey data. The median household income is $146,585 per year, which is 95% above the national median of $75,149. The median age of 45.6 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 Malverne features a median home value of $637,300, which is 160% above the national median of $244,900. This places Malverne in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,861, 60% above the national average of $1,163/month. Of the 3,247 total housing units, 95% are owner-occupied (2,883 units) and 5% are renter-occupied (157 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Malverne shows an unemployment rate of 1.9%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 5.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Malverne have an average one-way commute time of 35.1 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
55.8% of Malverne 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 0.0% White, 0.4% Hispanic or Latino, 6.8% Black or African American, and 8.8% Asian residents, with 13.7% of the population being foreign-born.
Cost of Living in Malverne, NY
Compared to national averages, Malverne has a median household income of $146,585 (95% above the national median of $75,149). Home values average $637,300, which is 160% above the national median. Monthly rent at $1,861 is 60% above the US average of $1,163. Within New York, Malverne's income is 51% above the state average of $96,987, and home values are 65% above the state median of $387,181.
Why Live in Malverne, NY?
Malverne offers a strong local economy with a median household income of $146,585, well above the national average, and a strong job market with an unemployment rate of just 1.9%, and a well-educated community where 55.8% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 5.7%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $637,300. However, Malverne’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Malverne has a population of 8,496 with a median age of 45.6 years. Compare Malverne with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Malverne
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Potsdam | 8,507 | $32,061 | $144,200 | Compare |
| Farmingdale | 8,450 | $134,037 | $530,100 | Compare |
| Hastings-on-Hudson | 8,449 | $181,528 | $872,500 | Compare |
| New Windsor | 8,427 | $85,755 | $324,300 | Compare |
| Wading River | 8,393 | $132,213 | $486,600 | Compare |
| South Lockport | 8,660 | $54,051 | $143,800 | Compare |
| Port Jervis | 8,709 | $50,721 | $220,700 | Compare |
| Croton-on-Hudson | 8,205 | $185,718 | $702,600 | 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.
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Frequently Asked Questions about Malverne
What is the population of Malverne, NY?
The population of Malverne, NY is 8,496 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 Malverne?
The median household income in Malverne, NY is $146,585 per year, which is 95% above the national median of $75,149.
What is the median home value in Malverne?
The median home value in Malverne, NY is $637,300, which is 160% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Malverne?
The median monthly rent in Malverne, NY is $1,861, which is 60% above the national average of $1,163/month.
What is the unemployment rate in Malverne?
The unemployment rate in Malverne, NY is 1.9%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Malverne, NY a good place to live?
Malverne offers above-average incomes, a competitive housing market, and a strong job market. With a population of 8,496 and a median age of 45.6, the city appeals to established professionals and retirees.
How educated is Malverne, NY?
55.8% of residents in Malverne 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 Malverne?
Key cost-of-living indicators for Malverne, NY: median home value is $637,300 (160% above national), median rent is $1,861/month, and median household income is $146,585. The home-value-to-income ratio is 4.3x, a moderate figure by national standards.
What is the poverty rate in Malverne?
The poverty rate in Malverne, NY is 5.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Malverne, NY?
Malverne's population is 0.0% White, 0.4% Hispanic or Latino, 6.8% Black or African American, 8.8% Asian, and 4.2% two or more races. 13.7% of residents are foreign-born.