Malvern, IA

Full City Profile · Iowa · Mills County County

4.1 /5.0
A Great
1,415 Population 890/sq mi density
$82,027 Median Income $49,193 per capita
$173,900 Home Value $254,544 Zillow
$843 Median Rent 16.9% income on rent
51°F Avg Temperature
A
Overall
4.1 / 5.0
Strong
A
Economy
4.1 / 5.0
$82,027 median income, 5.9% unemployment
A+
Affordability
5.0 / 5.0
$173,900 home value, $843/mo rent
B
Education
3.3 / 5.0
28.8% bachelor's degree or higher

Malvern, IA

At a Glance

Median Income
$82,027
9% above
$49,193 per capita
Home Value
$173,900
38% below
Zillow: $254,544
Median Rent
$843/mo
28% below
16.9% of income on rent
Bachelor's Degree+
28.8%
15% below
92.7% high school+
Unemployment
5.9%
64% above
1.3% poverty rate
Obesity Rate
40.6%
26% above
16.7% smoking rate
Avg Temperature
51°F

How Malvern Compares to the U.S. Average

Each bar shows Malvern's value as a percentage of the national average (100% = U.S. avg)

Income
109%
Home Value
62%
Rent
72%
Poverty
10%
Bachelor's
85%
Unemployment
164%
Thin vertical line = U.S. national average (100%)

Is Malvern a Good Place to Live?

A
4.1 / 5.0 - Great
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Malvern residents earn a median household income of $82,027 , which is 9% above the national average of $75,149. Per capita income is $49,193. The unemployment rate stands at 5.9% (64% above the U.S. rate of 3.6%). 1.3% of residents live below the poverty line. The area is home to 458 business establishments, including 21 restaurants.

Housing & Cost of Living

The median home value in Malvern is $173,900 , 38% below the national median of $281,900. Zillow estimates the typical home at $254,544. Median rent is $843/month, with 16.9% of renters spending more than 30% of income on housing. The cost of living index is 87.8 (100 = national average). The median home was built in 1953.

Education

28.8% of adults in Malvern hold a bachelor's degree or higher (15% below the national average). 92.7% have completed high school. Local schools score 6.2/10 in standardized testing.

Climate & Weather

Malvern has an average annual temperature of 51°F (11°C). Winters average 23°F in January while summers reach 76°F in July. Annual precipitation totals 34.9 inches.

Data Overview

People

Population1,415
Median Age42.6 yrs
Density890/mi²
Male / Female49% / 51%
Foreign Born0.4%
Veterans13.2%

Economy

A
Median Income$82,027
Per Capita$49,193
Unemployment5.9%
Poverty1.3%
County GDP$645M
Avg Weekly Wage$1,059

Housing

A+
Home Value$173,900
Rent$843
Ownership85.3%
Zillow$254,544
Housing Units518
Rent Burden16.9%

Health

Obesity40.6%
Diabetes9.6%
Smoking16.7%
Heart Disease5.6%
Premature Death9,695/100K

Climate

Avg Temp51°F
Rain34.9 in/yr
Elevation1,035 ft

Education

B
Bachelor's+28.8%
High School+92.7%
Graduate+3.8%
School Score6.2/10

Community

2024 VoteR 69% / D 30%
Commute30 min
Broadband89.3%
Internet Speed57 Mbps
EV Stations1
Libraries4

Did You Know?

Malvern was founded in 1869.
The median home in Malvern was built in 1953.
The nearest airport is Eppley Airfield (26 miles).
The Gini coefficient (income inequality) is 0.435 (U.S. avg: 0.490).
Natural hazard risk is rated "Very Low" by FEMA.
16.5% of the population has a disability.
The county recorded 5 fatal vehicle crashes.
91 declared natural disasters on record.