Malvern, Pennsylvania Demographics & Population 2026
During the 2020–2024 ACS period, Malvern, Pennsylvania had a total population of 3,435, the 415th largest borough in Pennsylvania, with a median household income of $117,548, which is 51% higher than the state average. The poverty rate is 4.5%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Household income is 51% above the state average — one of the wealthiest communities in Pennsylvania.
- An exceptionally low poverty rate of 4.5% — among the lowest in Pennsylvania.
- 69.5% of adults hold a bachelor's degree or higher — top 10% in Pennsylvania.
Malvern Quick Facts
How Malvern Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 3,427 | 3,435 | +0.2% |
| Median household income | $106,638 | $117,548 | +10.2% |
| Median home value | $460,400 | $521,800 | +13.3% |
How Malvern Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 45 | National average: 61
Education
Educational Attainment (Adults 25+)
Malvern Rankings in Pennsylvania
Explore Pennsylvania Rankings
Other Cities in Chester County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| West Chester | 20,666 | $78,385 | 20.4% | $490,700 |
| Phoenixville | 19,452 | $102,138 | 8.2% | $369,600 |
| Coatesville | 13,353 | $59,256 | 18.1% | $194,000 |
| Downingtown | 8,255 | $96,228 | 5.6% | $353,800 |
| Lionville | 7,683 | $100,582 | 4.5% | $438,700 |
| Exton | 6,772 | $120,697 | 3.2% | $554,200 |
| Paoli | 6,362 | $138,396 | 3.8% | $481,200 |
| Kennett Square | 6,243 | $80,505 | 5.3% | $402,700 |
| Chesterbrook | 5,839 | $124,295 | 7.5% | $453,400 |
| Oxford | 5,825 | $67,733 | 23.7% | $313,800 |
Cities Similar to Malvern
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Pottsgrove | 3,409 | $122,813 | $332,600 | 29.7% | 5.1% |
| North Wales | 3,440 | $128,056 | $410,500 | 39.6% | 5.0% |
| Stonybrook | 3,483 | $126,029 | $370,800 | 45.3% | 2.3% |
| Riverview Park | 3,619 | $114,598 | $258,100 | 37.4% | 8.5% |
| Penn Estates | 3,659 | $118,681 | $283,100 | 31.3% | 15.0% |
Population Overview
Malvern is a small community located in Pennsylvania, within Chester County. The total population is 3,435. It ranks as the 415th most populous out of 1,991 Census-designated places in Pennsylvania.
Age Demographics
The median age in Malvern is 46.4 years. This is 13% higher than the state median of 40.9 years.
Economy, Income & Housing
The median household income in Malvern is $117,548. This is 51% higher than the state median of $77,971. It is also 46% higher than the national median of $80,734. The poverty rate stands at 4.5%. This is 61% lower than the state poverty rate of 11.7%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 4.3%. This is 18% lower than the state rate of 5.3%. The median home value is $521,800. Housing costs are 105% higher than the state median of $254,500. The home-value-to-income ratio is 4.4x. 55.5% of occupied housing units are owner-occupied. This homeownership rate is 20% lower than the state average of 69.3%.
Race & Ethnicity
The largest racial or ethnic group in Malvern is White (non-Hispanic), making up 84.0% of the population. Asian residents account for 8.4%. The Black or African American population (1.6%) is well below the state average of 10.3%. The Hispanic or Latino population (4.3%) is well below the state average of 8.7%. The Asian population is significantly higher than the state average (8.4% vs 3.8%).
Education
69.5% of residents aged 25 and older hold a bachelor's degree or higher. This places Malvern in the top 10% of all cities in the state for educational attainment. This is 98% higher than the state rate of 35.2%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 98.9%. Notably, 27.9% of adults hold a graduate or professional degree, indicating a highly educated workforce.
Data Sources & Methodology
All demographic data for Malvern, Pennsylvania is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Pennsylvania state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,991 Census-designated places in Pennsylvania. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Malvern, Pennsylvania?
Malvern, Pennsylvania has a population of 3,435 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Malvern, PA?
The median household income in Malvern is $117,548, which is 46% higher than the national median of $80,734.
What is the poverty rate in Malvern, PA?
The poverty rate in Malvern is 4.5%. This means approximately 155 residents live below the federal poverty line.
What is the racial makeup of Malvern, Pennsylvania?
Malvern's population is 84.0% White, 1.6% Black, 4.3% Hispanic/Latino, and 8.4% Asian.
What is the median home value in Malvern, PA?
The median home value in Malvern is $521,800. The home-value-to-income ratio is 4.4x.
How educated is Malvern, Pennsylvania?
69.5% of adults (25+) in Malvern hold a bachelor's degree or higher, and 27.9% hold a graduate or professional degree.