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The total population of Malvern is estimated to be 10,859 with 6,170 males (56.82%) and 4,689 females (43.18%). There are 1,481 less females than males in Malvern.
The median household income in Malvern was $37,702 in 2021, which marked an a decrease of 2,902(7.15%) from $40,604 in 2020. This income is 50.53% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Malvern sees its highest median household income among householders in the age group of 25 to 44 years old, at $47,090. Overall, the median household income for the city of Malvern stands at $37,702.
In Malvern, the median income for all workers aged 15 years and older, regardless of work hours, was $22,313 for males and $18,359 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $39,444 for males and $38,943 for females.
In Malvern, there are just two different racial groups among households. Among these, White households report a median household income of $38,538, while Black or African American households have a median household income of $31,596.
In 2022, the population of Malvern was 10,967, a 0.47% increase year-by-year from 2021. Previously, in 2021, Malvern's population was 10,916, an increase of 0.52% compared to a population of 10,860 in 2020.
The median age in Malvern, AR is 38.4, as per 2021 ACS 5-Year Estimates. Of the total population, 17.28% were under the age of 15, 19.80% aged 15 to 29, 47.48% aged 30 to 64, 13.97% aged 65 to 84, and 1.48% were 85 years of age and older.
Racial distribution of Malvern population: 62.86% are White, 29.97% are Black or African American, 0.43% are American Indian and Alaska Native, 0.58% are Asian, 0.04% are Native Hawaiian and other Pacific Islander, 2.48% are some other race and 3.63% are multiracial.