Milroy, IN
Population 629 · Indiana
About Milroy, IN
Milroy is a small community in Indiana with a population of 629 residents. The median household income is $81,875 per year, which is above the national average. The median age in Milroy is 52.7 years.
Housing in Milroy has a median home value of $105,000 and median monthly rent of $0. Of the 378 total housing units, the majority are owner-occupied, with 264 owner-occupied and 11 renter-occupied units.
The unemployment rate in Milroy is 0.8% and the poverty rate is 3.1%. 21.8% of residents hold a bachelor's degree or higher. The average commute time is 33.3 minutes.
How Milroy Ranks in Indiana
Cost of Living in Milroy, IN
Compared to national averages, Milroy has a median household income of $81,875 (9% above the national median of $75,149). Home values average $105,000, which is 57% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Indiana, Milroy's income is 18% above the state average of $69,330, and home values are 36% below the state median of $163,409.
Why Live in Milroy, IN?
Milroy offers a strong local economy with a median household income of $81,875, well above the national average, and affordable housing with a median home value of $105,000, below the US average of $244,900, and rent that’s lower than the national average at $0/month. Additionally, the city features a strong job market with an unemployment rate of just 0.8%, and a low poverty rate of 3.1%, better than the national average.
Milroy has a population of 629 with a median age of 52.7 years. Compare Milroy with other cities to see how it stacks up, or explore all cities in Indiana.
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Demographics
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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 Milroy
What is the population of Milroy, IN?
The population of Milroy, IN is 629 according to the latest Census data.
What is the median household income in Milroy?
The median household income in Milroy, IN is $81,875 per year.
What is the median home value in Milroy?
The median home value in Milroy, IN is $105,000.
What is the average rent in Milroy?
The median monthly rent in Milroy, IN is $0.
What is the unemployment rate in Milroy?
The unemployment rate in Milroy, IN is 0.8%.