Is Malden, Massachusetts a Good Place To Live? - Living In Malden, MA

Is Malden, Massachusetts a good place to live?
Malden is a city in Massachusetts state in USA with a population of 60710 residents.. The poverty rate of Malden is 15.6%, which is 11% higher than national average. The typical household in Malden earns $73399 a year, compared to the national median of $67,500. Nearly 37.1% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Malden, only 87% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Malden remained 6.7%, which is 43% higher than national rate. Nearly 1 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Malden, only 40% of adults have a bachelor's degree and 21% have some college but no degree.

Cost of living in Malden is 137, which is 37% higher than national average. Median home value in Malden is $447000 , which is 95% higher than national average. While median income in Malden remained $73399, which is 9% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.
Population
60710
Unemployment
6.7%
43% NAT AVG.
Poverty
15.6%
11% NAT AVG.
Overall Score
8
Median Home Cost
$447000
95% NAT AVG.
Median Income
$73399
9% NAT AVG.
Median Rent
$1650
42% NAT AVG.
Cost Of Living
137
37% NAT AVG.
People Living BPL
1 in 6
Unemployed People
1 in 15
People Earning < $10,000
1 in 14
People Earning < $50,000
37.1%
People with <= High School
1 in 2.6
People With Any Degree
1 in 2.2
Pros & Cons Overview

Jobs70%

Housing90%

Affordability30%

Safety70%

Amenities100%

Diversity100%

Education80%

Commute30%