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The total population of Malvern is estimated to be 3,389 with 1,693 males (49.96%) and 1,696 females (50.04%). There are 3 more females than males in Malvern.
The median household income in Malvern was $119,094 in 2021, which marked an a decrease of 516(0.43%) from $119,610 in 2020. This income is 159.63% 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 $131,497. Overall, the median household income for the borough of Malvern stands at $119,094.
In Malvern, the median income for all workers aged 15 years and older, regardless of work hours, was $70,935 for males and $55,590 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $113,876 for males and $88,275 for females.
In Malvern, there are just three different racial groups among households. Among these, Asian households report a median household income of $254,931, followed by White households at $115,509, and Two or More Races households with a median household income of $79,197.
In 2022, the population of Malvern was 3,423, a 0.03% increase year-by-year from 2021. Previously, in 2021, Malvern's population was 3,422, an increase of 0.18% compared to a population of 3,416 in 2020.
The median age in Malvern, PA is 42.7, as per 2021 ACS 5-Year Estimates. Of the total population, 13.36% were under the age of 15, 21.47% aged 15 to 29, 46.94% aged 30 to 64, 16.78% aged 65 to 84, and 1.45% were 85 years of age and older.
Racial distribution of Malvern population: 84.98% are White, 2.38% are Black or African American, 0.30% are American Indian and Alaska Native, 9.29% are Asian, 0.09% are some other race and 2.97% are multiracial.