Milton, IN
Population 345 · Indiana
About Milton, IN
Milton is a small community located in Indiana with a population of 345 residents according to the latest US Census Bureau American Community Survey data. The median household income is $45,375 per year, which is 40% below the national median of $75,149. The median age of 39.8 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 $81,700, which is 67% below the national median of $244,900. This makes Milton one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $688, 41% below the national average of $1,163/month. Of the 179 total housing units, 81% are owner-occupied (128 units) and 19% are renter-occupied (31 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Milton shows an unemployment rate of 1.1%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 15.7%, above the national average of 12.4%. Workers in Milton have an average one-way commute time of 29.9 minutes.
Education & Demographics
16.6% 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 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
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.
Similar Cities Near Milton
Cities in Indiana with a similar population size.
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 Milton
What is the population of Milton, IN?
The population of Milton, IN is 345 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 Milton?
The median household income in Milton, IN is $45,375 per year, which is 40% below the national median of $75,149.
What is the median home value in Milton?
The median home value in Milton, IN is $81,700, which is 67% 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, IN is $688, which is 41% below the national average of $1,163/month.
What is the unemployment rate in Milton?
The unemployment rate in Milton, IN is 1.1%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Milton, IN a good place to live?
Milton offers a moderate cost of living, affordable housing, and a strong job market. With a population of 345 and a median age of 39.8, the city appeals to a broad range of residents.
How educated is Milton, IN?
16.6% 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, IN: median home value is $81,700 (67% below national), median rent is $688/month, and median household income is $45,375. The home-value-to-income ratio is 1.8x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Milton?
The poverty rate in Milton, IN is 15.7%, 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 Milton, IN?
Milton's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.