Milltown, IN
Population 811 · Indiana
About Milltown, IN
Milltown is a small community located in Indiana with a population of 811 residents according to the latest US Census Bureau American Community Survey data. The median household income is $58,419 per year, which is 22% below the national median of $75,149. The median age of 35.3 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Milltown features a median home value of $125,600, which is 49% below the national median of $244,900. This makes Milltown one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $633, 46% below the national average of $1,163/month. Of the 444 total housing units, 69% are owner-occupied (233 units) and 31% are renter-occupied (104 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Milltown shows an unemployment rate of 9.0%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 19.7%, above the national average of 12.4%. Workers in Milltown have an average one-way commute time of 38.3 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
8.5% of Milltown 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 0.5% White, 1.4% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
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.
Compare Milltown With Other Cities
Frequently Asked Questions about Milltown
What is the population of Milltown, IN?
The population of Milltown, IN is 811 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Indiana.
What is the median household income in Milltown?
The median household income in Milltown, IN is $58,419 per year, which is 22% below the national median of $75,149.
What is the median home value in Milltown?
The median home value in Milltown, IN is $125,600, which is 49% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Milltown?
The median monthly rent in Milltown, IN is $633, which is 46% below the national average of $1,163/month.
What is the unemployment rate in Milltown?
The unemployment rate in Milltown, IN is 9.0%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Milltown, IN a good place to live?
Milltown offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 811 and a median age of 35.3, the city appeals to a broad range of residents.
How educated is Milltown, IN?
8.5% of residents in Milltown 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 Milltown?
Key cost-of-living indicators for Milltown, IN: median home value is $125,600 (49% below national), median rent is $633/month, and median household income is $58,419. The home-value-to-income ratio is 2.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Milltown?
The poverty rate in Milltown, IN is 19.7%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Milltown, IN?
Milltown's population is 0.5% White, 1.4% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.4% two or more races. 0.0% of residents are foreign-born.