Housing costs in Malvern?
A typical home costs
$222,500, which is 34.2% less expensive than the national average of
$338,100 and 12.9% more expensive than the average Ohio home, at
$197,000. Renting a two-bedroom unit in Malvern costs
$790 per month, which is 44.8% cheaper than the national average of
$1,430 and 24.1% cheaper than the state average of
$980.
Can I afford Malvern?
To live comfortably in Malvern, Ohio, a minimum annual income of
$42,480 for a family, and
$24,000 for a single person is recommended.
What does A.I. say about Malvern?
The cost of living in Malvern, OH is quite affordable. The median home price is around $119,000 and the median rent payment is around $735 per month, making it a great place to live for people looking for an affordable lifestyle. Groceries and other basic necessities are also relatively inexpensive compared to bigger cities. In addition, taxes are low in Malvern with no state income tax and lower property taxes than many other areas in Ohio. All of these factors make Malvern an attractive destination for those looking to save money while still enjoying all the benefits of living in a small town.