States › New York › Malverne

Is Malverne, NY expensive to live in?

CheapRent takes 16 cents of every $1 people earn here.
🏠 Rent per month (2026)$2,09419% higher than U.S. average
💵 Families earn per year (2026)$161,224about $13,435/month · 85% higher than U.S. average
🔑 House price$651,10096% higher than U.S. average

Rent is higher than in 73% of U.S. cities. Household incomes are higher than in 92% of U.S. cities. A typical house costs about 4.0 years of household income. Commutes are long, about 33.3 minutes each way. Most homes (96.3%) are owned, so rentals can be hard to find.

How much money do I need?

To rent here comfortably, you should earn about $83,760 a year. That is $40 an hour at a full-time job.

Is rent cheaper than other New York cities?

Yes. Rent here is cheaper than in most of New York. It is number 164 of 343 cities from cheapest to most expensive.

Malverne
$2,094
Farmingdale
$2,945
Viola
$1,948
Hastings-on-Hudson
$2,071
Potsdam
$1,053
Westmere
$1,720
Plainedge
$3,500+

How much do households earn in Malverne?

Under $25k
3.9%
$25k–50k
9.8%
$50k–100k
23.3%
$100k–150k
22.3%
$150k+
36.9%

Share of households by yearly income. 59.2% of households earn $100,000 or more.

How expensive is Malverne overall?

Everyday prices in New York overall are 8% above the U.S. average (index 107.9, U.S. = 100).

Housing
122
Goods (food, clothes…)
107
Utilities
134
Other services
104
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Malverne, so the New York figure is shown.

Taxes and bills in Malverne

🏛️ Property tax$10,000+a year · 1.54% of home value · U.S. $3,119
⚡ Electric bill$186a month (typical) · U.S. $156

Life in Malverne

Commute to work33.3 minU.S.: 26.4 min
College degree54.9%U.S.: 35.7%
Own their home96.3%U.S.: 65.2%
Below poverty line8.2%U.S.: 12.5%
Unemployment2.3%U.S.: 5.2%

Is it cheaper to rent or buy in Malverne?

Renting is cheaper right now: about $2,424 a month less.

Renting
$2,094
Owning
$4,518

Owning assumes a typical $651,100 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $65,110 for the down payment.

Frequently asked questions

What is the average rent in Malverne, NY?

Renting in Malverne costs a median of about $2,094 a month in 2026, including utilities. The New York median is $2,177.

How much do I need to make to live in Malverne?

To keep rent under 30% of income, you need about $83,760 a year, or $40 an hour at a full-time job.

Is Malverne cheap or expensive?

Malverne is rated Cheap: rent takes 15.6% of the typical household income of $161,224. It ranks 164th cheapest of 343 New York cities we track.

How much are property taxes in Malverne?

The median homeowner in Malverne pays $10,000+ a year in property taxes, about 1.54% of the median home value.

Is Malverne more expensive than the national average?

Overall prices in New York are 8% above the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Malverne?

The median home value in Malverne is $651,100, about 4.0 times the typical yearly household income.

8,477 people live in Malverne. Numbers are typical (middle) values.