Milton, FL
Population 10,485 · Florida
About Milton, FL
Milton is a mid-sized city located in Florida with a population of 10,485 residents according to the latest US Census Bureau American Community Survey data. The median household income is $72,676 per year, which is 3% below the national median of $75,149. The median age of 38 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Milton features a median home value of $195,600, which is 20% below the national median of $244,900. This positions Milton in a moderately priced market relative to the rest of the country. Median monthly rent is $1,542, 33% above the national average of $1,163/month. Of the 4,886 total housing units, 51% are owner-occupied (2,302 units) and 49% are renter-occupied (2,231 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Milton shows an unemployment rate of 5.9%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 10.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Milton have an average one-way commute time of 26.1 minutes.
Education & Demographics
21.9% of Milton residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 4.1% White, 2.1% Hispanic or Latino, 3.3% Black or African American, and 0.9% Asian residents, with 3.1% of the population being foreign-born.
Cost of Living in Milton, FL
Compared to national averages, Milton has a median household income of $72,676 (3% below the national median of $75,149). Home values average $195,600, which is 20% below the national median. Monthly rent at $1,542 is 33% above the US average of $1,163. Within Florida, Milton's income is 4% below the state average of $75,893, and home values are 45% below the state median of $353,675.
Why Live in Milton, FL?
Milton offers affordable housing with a median home value of $195,600, below the US average of $244,900, and a low poverty rate of 10.8%, better than the national average.
Potential considerations include median household income ($72,676) that falls below the national average. However, Milton’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Milton has a population of 10,485 with a median age of 38 years. Compare Milton with other cities to see how it stacks up, or explore all cities in Florida.
Similar Cities Near Milton
Cities in Florida with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Lighthouse Point | 10,463 | $92,268 | $667,000 | Compare |
| Pine Castle | 10,429 | $46,154 | $286,900 | Compare |
| Palatka | 10,558 | $33,628 | $112,300 | Compare |
| Progress Village | 10,378 | $85,814 | $266,200 | Compare |
| Memphis | 10,626 | $71,967 | $292,200 | Compare |
| Alachua | 10,638 | $78,526 | $285,700 | Compare |
| Rotonda | 10,312 | $67,383 | $340,700 | Compare |
| Pine Ridge CDP (Citrus County), Florida | 10,676 | $66,131 | $354,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Florida
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Milton With Other Cities
Frequently Asked Questions about Milton
What is the population of Milton, FL?
The population of Milton, FL is 10,485 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Florida.
What is the median household income in Milton?
The median household income in Milton, FL is $72,676 per year, which is 3% below the national median of $75,149.
What is the median home value in Milton?
The median home value in Milton, FL is $195,600, which is 20% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Milton?
The median monthly rent in Milton, FL is $1,542, which is 33% above the national average of $1,163/month.
What is the unemployment rate in Milton?
The unemployment rate in Milton, FL is 5.9%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Milton, FL a good place to live?
Milton offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 10,485 and a median age of 38, the city appeals to a broad range of residents.
How educated is Milton, FL?
21.9% of residents in Milton aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Milton?
Key cost-of-living indicators for Milton, FL: median home value is $195,600 (20% below national), median rent is $1,542/month, and median household income is $72,676. The home-value-to-income ratio is 2.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Milton?
The poverty rate in Milton, FL is 10.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Milton, FL?
Milton's population is 4.1% White, 2.1% Hispanic or Latino, 3.3% Black or African American, 0.9% Asian, and 2.4% two or more races. 3.1% of residents are foreign-born.