Milton, IN
Population 345 · Indiana
About Milton, IN
Milton is a small community in Indiana with a population of 345 residents. The median household income is $45,375 per year, which is below the national average. The median age in Milton is 39.8 years.
Housing in Milton has a median home value of $81,700 and median monthly rent of $688. Of the 179 total housing units, the majority are owner-occupied, with 128 owner-occupied and 31 renter-occupied units.
The unemployment rate in Milton is 1.1% and the poverty rate is 15.7%. 16.6% of residents hold a bachelor's degree or higher. The average commute time is 29.9 minutes.
How Milton Ranks in Indiana
Cost of Living in Milton, IN
Compared to national averages, Milton has a median household income of $45,375 (40% below the national median of $75,149). Home values average $81,700, which is 67% below the national median. Monthly rent at $688 is 41% below the US average of $1,163. Within Indiana, Milton's income is 35% below the state average of $69,330, and home values are 50% below the state median of $163,409.
Why Live in Milton, IN?
Milton offers affordable housing with a median home value of $81,700, below the US average of $244,900, and rent that’s lower than the national average at $688/month, and a strong job market with an unemployment rate of just 1.1%.
Potential considerations include median household income ($45,375) 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 345 with a median age of 39.8 years. Compare Milton with other cities to see how it stacks up, or explore all cities in Indiana.
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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 Milton
What is the population of Milton, IN?
The population of Milton, IN is 345 according to the latest Census data.
What is the median household income in Milton?
The median household income in Milton, IN is $45,375 per year.
What is the median home value in Milton?
The median home value in Milton, IN is $81,700.
What is the average rent in Milton?
The median monthly rent in Milton, IN is $688.
What is the unemployment rate in Milton?
The unemployment rate in Milton, IN is 1.1%.