Malvern, PA
Population 3,427 · Pennsylvania
About Malvern, PA
Malvern is a small town located in Pennsylvania with a population of 3,427 residents according to the latest US Census Bureau American Community Survey data. The median household income is $106,638 per year, which is 42% above the national median of $75,149. The median age of 48.9 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 Malvern features a median home value of $460,400, which is 88% above the national median of $244,900. This places Malvern in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,886, 62% above the national average of $1,163/month. Of the 1,752 total housing units, 54% are owner-occupied (894 units) and 46% are renter-occupied (768 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Malvern shows an unemployment rate of 9.1%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 5.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Malvern have an average one-way commute time of 24.1 minutes.
Education & Demographics
67.1% of Malvern 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 4.7% White, 0.4% Hispanic or Latino, 2.2% Black or African American, and 0.0% Asian residents, with 14.9% of the population being foreign-born.
Cost of Living in Malvern, PA
Compared to national averages, Malvern has a median household income of $106,638 (42% above the national median of $75,149). Home values average $460,400, which is 88% above the national median. Monthly rent at $1,886 is 62% above the US average of $1,163. Within Pennsylvania, Malvern's income is 45% above the state average of $73,376, and home values are 141% above the state median of $190,903.
Why Live in Malvern, PA?
Malvern offers a strong local economy with a median household income of $106,638, well above the national average, and a well-educated community where 67.1% of residents hold a bachelor’s degree or higher, and a low poverty rate of 5.8%, better than the national average. Additionally, the city features short commute times averaging just 24.1 minutes.
Potential considerations include a competitive housing market where the typical home costs $460,400. However, Malvern’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Malvern has a population of 3,427 with a median age of 48.9 years. Compare Malvern with other cities to see how it stacks up, or explore all cities in Pennsylvania.
Similar Cities Near Malvern
Cities in Pennsylvania with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Loyalhanna | 3,425 | $68,611 | $162,600 | Compare |
| Coplay | 3,423 | $67,768 | $199,000 | Compare |
| North Wales | 3,421 | $115,833 | $385,400 | Compare |
| Slippery Rock | 3,434 | $55,272 | $230,200 | Compare |
| Reamstown | 3,445 | $85,952 | $289,400 | Compare |
| Rochester | 3,445 | $40,710 | $109,300 | Compare |
| Wellsboro | 3,445 | $64,297 | $195,400 | Compare |
| Mifflinburg | 3,464 | $65,643 | $182,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Pennsylvania
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Malvern With Other Cities
Frequently Asked Questions about Malvern
What is the population of Malvern, PA?
The population of Malvern, PA is 3,427 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Pennsylvania.
What is the median household income in Malvern?
The median household income in Malvern, PA is $106,638 per year, which is 42% above the national median of $75,149.
What is the median home value in Malvern?
The median home value in Malvern, PA is $460,400, which is 88% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Malvern?
The median monthly rent in Malvern, PA is $1,886, which is 62% above the national average of $1,163/month.
What is the unemployment rate in Malvern?
The unemployment rate in Malvern, PA is 9.1%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Malvern, PA a good place to live?
Malvern offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 3,427 and a median age of 48.9, the city appeals to established professionals and retirees.
How educated is Malvern, PA?
67.1% of residents in Malvern 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 Malvern?
Key cost-of-living indicators for Malvern, PA: median home value is $460,400 (88% above national), median rent is $1,886/month, and median household income is $106,638. The home-value-to-income ratio is 4.3x, a moderate figure by national standards.
What is the poverty rate in Malvern?
The poverty rate in Malvern, PA is 5.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Malvern, PA?
Malvern's population is 4.7% White, 0.4% Hispanic or Latino, 2.2% Black or African American, 0.0% Asian, and 1.6% two or more races. 14.9% of residents are foreign-born.