Malvern, IA is a small city located in Mills County in the state of Iowa. With a population of just under 2,000 people, Malvern has an affordable cost of living compared to the national average. The average two bedroom rent is $1,050, which is significantly less than the national average of $1,430. Additionally, the Grocery Cost Index in Malvern is 96 versus 100 in the US.
Malvern offers many amenities including several local businesses like Joe's Hardware Store and Donna's Diner. Outdoor recreational activities such as fishing at Lake Manawa State Park are also popular among locals. Other attractions include the Speedway Motors Museum and the River City Star Dinner Cruise on the Missouri River for more unique experiences.
Malvern has an unemployment rate of 3.5%. The US average is 6.0%.
Malvern has seen the job market decrease by -5.6% over the last year. Future job growth over the next ten years is predicted to be 28.9%, which is lower than the US average of 33.5%.
Tax Rates for Malvern
- The Sales Tax Rate for Malvern is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Malvern is 9.0%. The US average is 4.6%.
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Income and Salaries for Malvern
- The average income of a Malvern resident is $40,495 a year. The US average is $37,638 a year.
- The Median household income of a Malvern resident is $80,227 a year. The US average is $69,021 a year.