Pros and Cons of Living In Malden, Massachusetts. Is Malden, MA a Nice Place To Live or Retire?

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Malden, Massachusetts

Moving to Malden In Massachusetts ? Is Malden, MA a Nice Place To Live? Pros and Cons of Living in Malden, Massachusetts. Find out the best and worst about to live, raise a family or retire in Malden.

Malden is a city in Middlesex County, Massachusetts, United States. At the time of the 2020 U.S. Census, the population was 66,263 people.

DEMOGRAPHICS

Population
60710
Unemployment
6.7%
43% NAT AVG.
Poverty
15.6%
11% NAT AVG.
Cost Of Living
137
37% NAT AVG.

ECONOMICS

Median Home Cost
$447000
95% NAT AVG.
Median Income
$73399
9% NAT AVG.
Median Rent
$1650
42% NAT AVG.
Overall Score
8

CRIME REPORT

Total Crime
913
35% NAT. AVG.
11% STATE AVG.
Violent Crime
162
31% NAT. AVG.
13% STATE AVG.
Property Crime
751
36% NAT. AVG.
18% STATE AVG.

SOCIO-ECONOMICS

People Living Below BPL
1 in 6
Unemployed People
1 in 15
People Earning < $10,000
1 in 14
People Earning < $50,000
37.1%
People With Any Degree
1 in 2.2

ETHNICITY

Ethnicity Malden USA
White 45.9% 60.1%
African American 15.7% 12.2%
American Indian 0.1% 0.6%
Asian 25.4% 5.6%
Hawaiian 0% 0.2%
Multiracial 2.4% 2.8%
Hispanic 9.6% 18.2%
Other 1% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Malden USA
Less than $10,000 7.4% 5.8%
$10,000 to $14,999 4.9% 4.1%
$15,000 to $24,999 6.6% 8.5%
$25,000 to $34,999 8.9% 8.6%
$35,000 to $49,999 9.3% 12.0%
$50,000 to $74,999 13.9% 17.2%
$75,000 to $99,999 11.9% 12.8%
$100,000 to $149,999 19.6% 15.6%
$150,000 to $199,999 9.3% 7.1%

EDUCATION

Education Malden USA
< 9th Grade 8% 5.0%
9-12th Grade 5% 7.0%
High School or GED 26% 27.0%
Other College 15% 20.0%
Associate's Degree 6% 9%
Bachelor's Degree 24% 20.0%
Master's Degree 12% 9.0%
Professional Degree 2% 2.0%
Doctorate Degree 2% 1.0%
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. 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.

Cost of living in Malden is 137, which is 37% higher than national average. In Malden, only 40% of adults have a bachelor's degree and 21% have some college but no degree. 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.
Malden Scorecard

Jobs70%

Housing90%

Affordability30%

Safety70%

Amenities100%

Diversity100%

Education80%

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