Cost of living in Malvern, Iowa
Simple answer
Typical rent is $839 a month.
Malvern is a city in Iowa. That rent number includes utilities. A typical household earns $84,223 a year.
- People
- 1,323
- Census average, 2020–2024
- Typical rent
- $839
- Median gross rent, includes utilities
- Typical pay
- $84,223
- Median household income, yearly
- Typical home
- $174,700
- Median home value
- 2-bedroom fair rent
- $1,450
- Omaha-Council Bluffs, NE-IA HUD Metro FMR Area
Malvern, Iowa has about 1,323 people. That count is a 2020–2024 Census average, not a headcount from one day.
A typical home is worth about $174,700.
HUD's fair-market rent for a 2-bedroom in Mills County is $1,450 a month. That is the county number, not an apartment listing in Malvern. It runs from October 2026 through September 2027.
In the Omaha, NE-IA metro area, prices sit at 91.9 when the U.S. average is 100. That is a 2024 BEA index.
Iowa taxes wages. A typical combined sales tax is 6.9% as of January 1, 2026. That mix is statewide, not Malvern's exact store tax.
Some places in Iowa add a local wage tax. In 2023 the state average was about 0.08% of income. That is not a Malvern bill.
In July 2026, a typical Iowa home paid 15.99¢ per kilowatt-hour. That is a state average from EIA, not Malvern's bill.
EIA did not publish a 2025 all-grades gas price for Iowa in the table we use.
Among 264 places we list in Iowa with a rent figure, 144 have higher typical rent than Malvern.
Nearby places
- Glenwood
Typical rent $924
Compare with Malvern - Treynor
Typical rent $1,122
Compare with Malvern - Plattsmouth
Typical rent $941
Compare with Malvern - Beaver LakeCompare with Malvern
- Red Oak
Typical rent $812
Compare with Malvern - Offutt AFB
Typical rent $1,666
Compare with Malvern - Buccaneer Bay
- Shenandoah
Typical rent $774
Compare with Malvern
EBT nearby
USDA has a live map of stores that take SNAP. We did not copy that store list here. The downloadable file is a history file for 2005 through 2025, so the live map is the one to use.
Locator page updated 2026-09-11. Last checked 2026-10-16.
Food stamps (SNAP) tools in Iowa
Bigger places in Iowa
Census 2020-2024. HUD rents for October 2026–September 2027. BEA prices for 2024. Taxes as of January 1, 2026. Checked 2026-10-16. 15,000 places are in this guide.