Milo, IA
Population 773 · Iowa
About Milo, IA
Milo is a small community located in Iowa with a population of 773 residents according to the latest US Census Bureau American Community Survey data. The median household income is $76,250 per year, which is 1% above the national median of $75,149. The median age of 36.7 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Milo features a median home value of $145,400, which is 41% below the national median of $244,900. This makes Milo one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $860, 26% below the national average of $1,163/month. Of the 324 total housing units, 86% are owner-occupied (270 units) and 14% are renter-occupied (44 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Milo 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 8.5%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Milo have an average one-way commute time of 34.7 minutes.
Education & Demographics
18.0% of Milo 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 2.5% White, 2.2% 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 Milo, IA
Compared to national averages, Milo has a median household income of $76,250 (1% above the national median of $75,149). Home values average $145,400, which is 41% below the national median. Monthly rent at $860 is 26% below the US average of $1,163. Within Iowa, Milo's income is 12% above the state average of $67,947, and home values are 10% above the state median of $132,237.
Why Live in Milo, IA?
Milo offers a strong local economy with a median household income of $76,250, well above the national average, and affordable housing with a median home value of $145,400, below the US average of $244,900, and rent that’s lower than the national average at $860/month. Additionally, the city features a strong job market with an unemployment rate of just 0.0%, and a low poverty rate of 8.5%, better than the national average.
Milo has a population of 773 with a median age of 36.7 years. Compare Milo with other cities to see how it stacks up, or explore all cities in Iowa.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Milo
What is the population of Milo, IA?
The population of Milo, IA is 773 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Iowa.
What is the median household income in Milo?
The median household income in Milo, IA is $76,250 per year, which is 1% above the national median of $75,149.
What is the median home value in Milo?
The median home value in Milo, IA is $145,400, which is 41% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Milo?
The median monthly rent in Milo, IA is $860, which is 26% below the national average of $1,163/month.
What is the unemployment rate in Milo?
The unemployment rate in Milo, IA is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Milo, IA a good place to live?
Milo offers above-average incomes, affordable housing, and a strong job market. With a population of 773 and a median age of 36.7, the city appeals to a broad range of residents.
How educated is Milo, IA?
18.0% of residents in Milo 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 Milo?
Key cost-of-living indicators for Milo, IA: median home value is $145,400 (41% below national), median rent is $860/month, and median household income is $76,250. The home-value-to-income ratio is 1.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Milo?
The poverty rate in Milo, IA is 8.5%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Milo, IA?
Milo's population is 2.5% White, 2.2% 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.