Malaga is a census-designated place and unincorporated community in Eddy County, New Mexico, United States.

Formerly known as Kirkwell, Malaga was founded in the 1890s by Swiss immigrants and was named after the Spanish city of Málaga.

Italian laborers were recruited to farm the area, and many settled in Malaga.

Malaga is on the Pecos Highway approximately 18 miles southeast of Carlsbad.

The Pecos River flows past two miles east of the community.