Quick facts: Malden, MO

Quick Facts

94.1
Cost of Living
below US average
3,580
Population
32.12
Crime Rate per 1000
above US average
$35,451
Median Income
below US average
$142,000
Median House Price
above US average
$1340
Average Rent
below US average
21%
Poverty Rate
above US average
6.3%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $35,451.

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Income Needed to Buy

βœ— Stretch
$45k/year
Based on $142,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $45k vs median $35,451
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Income Needed to Rent

⚠ Stretch
$57k/year
Based on $1340/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $57k vs median $35,451
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Malden, MO

Malden is a small city located in Dunklin County, Missouri. With a population of around 4,000 residents, it offers a tight-knit community feel. The city is situated in the southeastern part of the state, providing a rural atmosphere while still being accessible to larger urban centers like Cape Girardeau, about 30 miles away. Malden's history dates back to its establishment in the late 19th century, and it has maintained much of its small-town charm. The community hosts various events throughout the year, fostering a sense of togetherness among residents. The local economy is predominantly driven by agriculture and service industries, reflecting the area's rural character. Outdoor enthusiasts can enjoy nearby parks and recreational areas, making it a great location for those who appreciate nature. The city also features local shops, restaurants, and schools that serve its residents. Overall, Malden is a quaint place that emphasizes community and offers a peaceful lifestyle amidst the scenic landscapes of southeastern Missouri.

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