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The total population of Malvern is estimated to be 1,264 with 662 males (52.37%) and 602 females (47.63%). There are 60 less females than males in Malvern.
The median household income in Malvern was $86,718 in 2021, which marked an an increase of 1,346(1.58%) from $85,372 in 2020. This income is 116.23% 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 $98,633. Overall, the median household income for the city of Malvern stands at $86,718.
In Malvern, the median income for all workers aged 15 years and older, regardless of work hours, was $46,314 for males and $24,827 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $76,762 for males and $67,287 for females.
In Malvern, there are just two different racial groups among households. Among these, White households report a median household income of $87,701, while Two or More Races households have a median household income of $65,193.
In 2022, the population of Malvern was 1,040, a 0.39% increase year-by-year from 2021. Previously, in 2021, Malvern's population was 1,036, an increase of 0.19% compared to a population of 1,034 in 2020.
The median age in Malvern, IA is 44.0, as per 2021 ACS 5-Year Estimates. Of the total population, 11.69% were under the age of 15, 19.22% aged 15 to 29, 46.06% aged 30 to 64, 19.84% aged 65 to 84, and 3.19% were 85 years of age and older.
Racial distribution of Malvern population: 97.25% are White, 0.27% are Black or African American, 0.80% are American Indian and Alaska Native and 1.68% are multiracial.