Milltown, IN
Population 811 · Indiana
About Milltown, IN
Milltown is a small community in Indiana with a population of 811 residents. The median household income is $58,419 per year, which is near the national average. The median age in Milltown is 35.3 years.
Housing in Milltown has a median home value of $125,600 and median monthly rent of $633. Of the 444 total housing units, the majority are owner-occupied, with 233 owner-occupied and 104 renter-occupied units.
The unemployment rate in Milltown is 9.0% and the poverty rate is 19.7%. 8.5% of residents hold a bachelor's degree or higher. The average commute time is 38.3 minutes.
How Milltown Ranks in Indiana
Cost of Living in Milltown, IN
Compared to national averages, Milltown has a median household income of $58,419 (22% below the national median of $75,149). Home values average $125,600, which is 49% below the national median. Monthly rent at $633 is 46% below the US average of $1,163. Within Indiana, Milltown's income is 16% below the state average of $69,330, and home values are 23% below the state median of $163,409.
Why Live in Milltown, IN?
Milltown offers affordable housing with a median home value of $125,600, below the US average of $244,900, and rent that’s lower than the national average at $633/month.
Potential considerations include median household income ($58,419) that falls below the national average. However, Milltown’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Milltown has a population of 811 with a median age of 35.3 years. Compare Milltown with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Milltown
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Buffalo | 814 | $125,809 | $131,000 | Compare |
| Monroe City | 816 | $70,250 | $97,500 | Compare |
| Pleasant Lake | 803 | $66,563 | $155,300 | Compare |
| Homecroft | 801 | $83,333 | $214,800 | Compare |
| Leesburg | 801 | $103,958 | $168,900 | Compare |
| Marengo | 823 | $43,458 | $87,500 | Compare |
| Darlington | 829 | $53,417 | $119,700 | Compare |
| Mentone | 793 | $63,636 | $104,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Milltown
What is the population of Milltown, IN?
The population of Milltown, IN is 811 according to the latest Census data.
What is the median household income in Milltown?
The median household income in Milltown, IN is $58,419 per year.
What is the median home value in Milltown?
The median home value in Milltown, IN is $125,600.
What is the average rent in Milltown?
The median monthly rent in Milltown, IN is $633.
What is the unemployment rate in Milltown?
The unemployment rate in Milltown, IN is 9.0%.