Malvern, OH is a small city located in the northeastern part of the state. It has a population of just over 3,200 people and is known for its small-town charm and friendly atmosphere. The average rent for a two bedroom apartment in Malvern is significantly lower than the national average, at $790 compared to $1,430. Additionally, groceries are relatively inexpensive with a Grocery Cost Index score of 98/100. Local companies in Malvern include Natures Way Landscaping & Lawncare LLC., Rohrbaugh Entities LLC., Fishers Tree Service and more. For those looking to further their education or that of their children, Malvern offers local schools such as Brown Local Elementary School and Sandy Valley High School. When it comes to recreational activities there are numerous options with attractions such as Warth Park Community Center, Atwood Lake Park and Sandy Creek Winery being popular spots among locals and tourists alike.
Malvern has an unemployment rate of 5.4%. The US average is 6.0%.
Malvern has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 22.3%, which is lower than the US average of 33.5%.
Tax Rates for Malvern
- The Sales Tax Rate for Malvern is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Malvern is 4.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Malvern
- The average income of a Malvern resident is $20,390 a year. The US average is $28,555 a year.
- The Median household income of a Malvern resident is $27,213 a year. The US average is $69,021 a year.