Apartments for rent in Malvern, PA

Malvern, a small town in Pennsylvania, has a population of approximately 3,000. Retirees account for a greater percentage of the population (24%) here than nationally (14%), while young professionals are less well-represented. Overall, the town's population, at an average age of just under 46, skews older than most cities in Pennsylvania. The majority of residents own their homes in Malvern, and 41% of residents rent. With an average rent of $1,523 per month, exceeding the state average by $606 a month, relatively high rent costs could be playing a role in the higher levels of ownership.

If you're looking for diverse career options, Malvern has you covered. The five most common industries are healthcare, retail, finance, education, and scientific. Together, these industries make up 35% of the labor force in the town. Meanwhile, looking at job function, 14% of residents work in management, making it the top field in the town. With an average annual income of around $92K, Malvern workers bring in more than the average Pennsylvania resident. The town's average income also compares favorably to the national average ($73,345). Compared to the national average (7%), Malvern has a large concentration of residents over the age of 25 who have advanced degrees, as 18% have earned a Master's or a Doctorate. In addition, 23% have a Bachelor's degree, which also outpaces the national average.

Malvern has an average commute time of about 26 minutes. Many residents (49%) commute to work by car, while public transit is used by only 3% of the town. Few residents commute to work on foot.