Life Skills and Money Education in Malcom, IA
About 257 people live in Malcom, Iowa. It has lost residents since 2020, slipping 3.7% from 267 down to 257. The median age is 38.6.
Among adults 25 and older in Malcom, 30.4% hold a bachelor's degree or higher. That runs 12.3 points above the Iowa average of 18.1%. Flip that figure and it describes 69.6% of the 194 adults 25 and over counted in the 2019–2023 ACS, about 135 people whose money skills came from somewhere other than a university.
Median household income is $73,056. That is $7,792 above the Iowa median. About 17.3% of residents live below the poverty line. The median home is valued at $110,100, roughly 1.5× median household income.
Malcom by the numbers
| Measure | Value |
|---|---|
| Population (2024) | 257 |
| Change since 2020 | -3.7% |
| Median household income | $73,056 |
| Adults 25+ with a bachelor’s degree | 30.4% |
| Adults 25+ with a high school diploma | 97.4% |
| Median age | 38.6 |
| Poverty rate | 17.3% |
| Unemployment rate | 1.3% |
| Median home value | $110,100 |
| Land area | 0.826 sq mi |
| Population density | 311 / sq mi |
What Iowa teaches — and to whom
Iowa already requires 1 semester of personal finance for a high school diploma, a rule in force since the graduating class of 2023. That covers students still in the system. It does nothing for the adults already out of it — which, in Malcom, is most of the people reading this.
LearnLife organises this the way the decisions actually arrive: Money — budgeting, credit, debt and taxes — the mechanics nobody is formally taught; Legal literacy — leases, contracts, employment rights and what a signature actually commits you to; Emotional regulation — the self-management that decides whether the other skills ever get used.
Where to start in Malcom
Start with the money that moves every month
For most households in Malcom, the fastest gain is not an investing strategy — it is seeing the recurring outflows clearly, knowing what a credit score actually responds to, and understanding which line items on a payslip are negotiable.
Questions people ask about Malcom
Do high school students in Malcom, Iowa have to take a personal finance class?
Yes. Iowa requires 1 semester to graduate, in force since the class of 2023.
How many adults in Malcom, Iowa have a college degree?
30.4% of adults 25 and older hold a bachelor's degree or higher, based on the Census Bureau's 2019–2023 American Community Survey. The remaining 69.6% are managing their finances without one.
What is the median household income in Malcom, Iowa?
$73,056, per the Census Bureau's 2019–2023 American Community Survey.
Where can adults in Malcom, Iowa learn personal finance?
Graduation requirements only ever reach people still in school. For adults, LearnLife covers the same ground on demand — money, legal literacy and the self-management that decides whether either gets used.
Start with whichever one is costing you money right now.
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