Malvern borough, Pennsylvania
CityPopulation: 3,427 (2023 estimate)
Located in Pennsylvania , Pennsylvania
Census Bureau data for Malvern borough from the American Community Survey. "Cities" in Census data include incorporated places, towns, villages, and census-designated places (CDPs) — all places where the Census collects community-level estimates.
Data: U.S. Census Bureau, ACS 5-Year Estimates, 2023 (released December 2024).
Quick Facts — Malvern borough
- What is the median household income in Malvern borough?
- The median household income in Malvern borough is $106,638 (U.S. Census Bureau ACS 5-Year Estimates, 2023).
- What is the poverty rate in Malvern borough?
- The poverty rate in Malvern borough is 2.6% (U.S. Census Bureau ACS 2023).
- What is the median home value in Malvern borough?
- $460,400 (U.S. Census Bureau ACS 2023).
- What is the average rent in Malvern borough?
- The median gross rent in Malvern borough is $1,886 per month (U.S. Census Bureau ACS 2023).
- What percentage of Malvern borough residents have a college degree?
- 67.1% of adults in Malvern borough hold a bachelor's degree or higher (U.S. Census Bureau ACS 2023).
Population
3,427
Median Income
$106,638
Median Home Value
$460,400
Poverty Rate
2.6%
Unemployment (ACS 2023)
9.1%
Median Age
48.0 yrs
Since 2019
Median Income:
+$5,293 (+5.2%)
Home Value:
+$91,000 (+24.6%)
Poverty Rate:
+1.1 pp (+73.3%)
Bachelor's+:
+0.9 pp (+1.4%)
Unemployment:
+3.3 pp (+56.9%)
Demographics
Total Population
3,427
Median Age
48.0
Female
52.5%
Race & Ethnicity
Hispanic or Latino 6.9%
White (non-Hisp.) 79.5%
Black 1.6%
Asian 10.8%
Two or More 4.3%
Other 0.2%
Asian Subgroups (% of total pop.)
Indian
2.9%
Korean
2.7%
Japanese
2.5%
Chinese
1.9%
Filipino
0.1%
Hispanic Subgroups (% of total pop.)
Mexican
4.7%
Puerto Rican
2.2%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Income & Poverty
Median Household Income
$106,638
±$23,249
+$30,557 vs. state
Per Capita Income
$168,139
Median Family Income
$176,500
Poverty Rate
2.6%
-5.5 pp vs. state
Child Poverty Rate
3.2%
Working-Age Poverty Rate
—
SNAP Recipients
3.7%
Social Security Income
—
Retirement Income
31.9%
Household Income Distribution
< $10k
2.6%
$10–15k
2.3%
$15–25k
3.8%
$25–35k
5.2%
$35–50k
6.0%
$50–75k
14.4%
$75–100k
12.6%
$100–150k
17.7%
$150–200k
11.0%
$200k+
24.4%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Housing
Total Housing Units
1,752
Owner-Occupied
53.8%
Renter-Occupied
46.2%
Vacancy Rate
5.1%
Median Home Value
$460,400
+$219,900 vs. state
Median Gross Rent
$1,886
Owner Cost Burden (30%+)
2.0%
Renter Cost Burden (30%+)
30.4%
Home Value Distribution
< $50k
3.1%
$50–100k
3.8%
$200–300k
16.8%
$300–500k
33.3%
$500k–$1M
37.1%
$1M+
5.8%
Gross Rent Distribution
$500–1k
4.6%
$1–1.5k
28.3%
$1.5–2k
22.1%
$2–2.5k
27.4%
$2.5–3.5k
13.4%
$3.5k+
4.2%
Vehicle Availability
No vehicle
5.8%
1 vehicle
37.5%
2 vehicles
44.2%
3+
12.5%
Housing Type
Single-fam. det.
29.9%
Single-fam. att.
27.0%
2–4 units
10.3%
5–19 units
8.7%
20+ units
12.3%
Housing Age
Pre-1940
27.1%
1940–1969
2.7%
1970–1999
23.9%
2000–2009
5.5%
2010+
8.9%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Education
High School or Higher
99.1%
Bachelor's or Higher
67.1%
+32.6 pp vs. state
Graduate Degree
26.7%
Some College / Associate
14.2%
Less Than High School
0.0%
Enrolled in School
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Employment
Labor Force Participation
72.0%
Unemployment Rate
9.1%
+3.9 pp vs. state
Work from Home
19.9%
Self-Employed
7.3%
Government Workers
4.7%
Private For-Profit
88.0%
Industry
Prof. Services
25.0%
Edu/Health
17.8%
Finance
16.3%
Manufacturing
7.8%
Retail
7.4%
Arts/Entmt.
5.1%
Construction
3.6%
Transportation
3.3%
Information
3.2%
Wholesale
2.2%
Public Admin
1.6%
Occupation
Management
64.6%
Sales
18.1%
Food Prep
8.9%
Construction
5.3%
Production
3.1%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Commute
Median Travel Time
24.1 min
Drove Alone
70.6%
Carpool
3.1%
Public Transit
4.0%
Work from Home
19.9%
Walked
1.9%
Bicycle
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Households & Families
Total Households
1,662
Avg. Household Size
2.00
Avg. Family Size
—
Married-Couple Households
47.7%
Single-Mother Households
—
Single-Father Households
—
Living Alone
—
Households with Children
19.1%
Multigenerational
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Age Distribution
Under 5
3.4%
5–9
4.1%
10–14
5.1%
15–19
5.1%
20–24
1.9%
25–34
16.4%
35–44
12.0%
45–54
12.8%
55–64
7.7%
65–74
10.0%
75–84
13.0%
85+
6.2%
Under 18: 17.0%
Working age (18–64): 83.0%
65 and over: 21.8%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Social Characteristics
Immigration
Foreign Born
14.9%
Naturalized Citizen
28.9%
Speaks English Less Than Very Well
4.0%
Foreign-Born Origin
Asia
67.4%
Europe
23.2%
Latin America
9.4%
Veterans & Disability
Veteran
5.2%
With a Disability
8.9%
Cognitive Difficulty
—
Ambulatory Difficulty
—
Health Insurance
Insured
98.9%
Uninsured
1.1%
Employer Insurance
—
Medicaid
—
Medicare
—
Technology & Mobility
Broadband Internet
94.6%
Has a Computer
96.4%
Same House 1 Year Ago
82.6%
Moved from Abroad
0.0%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023