South Milford, IN
Population 243 · Indiana
About South Milford, IN
South Milford is a small community located in Indiana with a population of 243 residents according to the latest US Census Bureau American Community Survey data. The median household income is $114,968 per year, which is 53% above the national median of $75,149. The median age of 47 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in South Milford features a median home value of $183,100, which is 25% below the national median of $244,900. This positions South Milford in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 101 total housing units, 100% are owner-occupied (101 units) and 0% are renter-occupied (0 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in South Milford shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 0.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in South Milford have an average one-way commute time of 26.7 minutes.
Education & Demographics
18.1% of South Milford 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 15.6% 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.
Cost of Living in South Milford, IN
Compared to national averages, South Milford has a median household income of $114,968 (53% above the national median of $75,149). Home values average $183,100, which is 25% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Indiana, South Milford's income is 66% above the state average of $69,330, and home values are 12% above the state median of $163,409.
Why Live in South Milford, IN?
South Milford offers a strong local economy with a median household income of $114,968, well above the national average, and affordable housing with a median home value of $183,100, 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 0.0%, and a low poverty rate of 0.0%, better than the national average.
South Milford has a population of 243 with a median age of 47 years. Compare South Milford 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 South Milford
What is the population of South Milford, IN?
The population of South Milford, IN is 243 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 South Milford?
The median household income in South Milford, IN is $114,968 per year, which is 53% above the national median of $75,149.
What is the median home value in South Milford?
The median home value in South Milford, IN is $183,100, which is 25% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in South Milford?
The median monthly rent in South Milford, IN is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in South Milford?
The unemployment rate in South Milford, IN is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is South Milford, IN a good place to live?
South Milford offers above-average incomes, affordable housing, and a strong job market. With a population of 243 and a median age of 47, the city appeals to established professionals and retirees.
How educated is South Milford, IN?
18.1% of residents in South Milford 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 South Milford?
Key cost-of-living indicators for South Milford, IN: median home value is $183,100 (25% below national), median rent is $0/month, and median household income is $114,968. The home-value-to-income ratio is 1.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in South Milford?
The poverty rate in South Milford, IN is 0.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is South Milford, IN?
South Milford's population is 15.6% 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.