Malmstrom is located close to the center of Montana. Malmstrom has 5.08 square miles of land area and has no water area. As of 2010-2014, the total Malmstrom population is 3,625, which has shrunk 20.22% since 2000. The population growth rate is much lower than the state average rate of 11.55% and is much lower than the national average rate of 11.61%. Malmstrom median household income is $52,335 in 2010-2014 and has grown by 64.70% since 2000. The income growth rate is much higher than the state average rate of 41.61% and is much higher than the national average rate of 27.36%. Malmstrom median house value is $112,500 in 2000. As a reference, the national Consumer Price Index (CPI) inflation rate for the same period is 26.63%. On average, the public school district that covers Malmstrom is better than the state average in quality.