Milton, IA
Population 451 · Iowa
About Milton, IA
Milton is a small community located in Iowa with a population of 451 residents according to the latest US Census Bureau American Community Survey data. The median household income is $41,875 per year, which is 44% below the national median of $75,149. The median age of 33.3 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Milton features a median home value of $54,400, which is 78% 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 $550, 53% below the national average of $1,163/month. Of the 201 total housing units, 77% are owner-occupied (135 units) and 23% are renter-occupied (40 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Milton shows an unemployment rate of 4.2%, which is near the national rate of 3.7%. The poverty rate stands at 25.9%, above the national average of 12.4%. Workers in Milton have an average one-way commute time of 21 minutes.
Education & Demographics
9.3% 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, 0.7% Hispanic or Latino, 0.0% Black or African American, and 0.4% Asian residents, with 0.7% of the population being foreign-born.
Cost of Living in Milton, IA
Compared to national averages, Milton has a median household income of $41,875 (44% below the national median of $75,149). Home values average $54,400, which is 78% below the national median. Monthly rent at $550 is 53% below the US average of $1,163. Within Iowa, Milton's income is 38% below the state average of $67,947, and home values are 59% below the state median of $132,237.
Why Live in Milton, IA?
Milton offers affordable housing with a median home value of $54,400, below the US average of $244,900, and rent that’s lower than the national average at $550/month, and short commute times averaging just 21 minutes.
Potential considerations include median household income ($41,875) 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 451 with a median age of 33.3 years. Compare Milton with other cities to see how it stacks up, or explore all cities in Iowa.
Similar Cities Near Milton
Cities in Iowa with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Arlington | 452 | $41,250 | $110,900 | Compare |
| Clermont | 452 | $73,906 | $117,200 | Compare |
| Bussey | 453 | $47,857 | $62,500 | Compare |
| Maynard | 448 | $49,375 | $129,500 | Compare |
| Thompson | 448 | $49,375 | $99,600 | Compare |
| Oxford Junction | 447 | $61,250 | $66,700 | Compare |
| Clearfield | 444 | $47,083 | $63,000 | Compare |
| Conesville | 440 | $59,250 | $67,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Iowa
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Milton With Other Cities
Frequently Asked Questions about Milton
What is the population of Milton, IA?
The population of Milton, IA is 451 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 Milton?
The median household income in Milton, IA is $41,875 per year, which is 44% below the national median of $75,149.
What is the median home value in Milton?
The median home value in Milton, IA is $54,400, which is 78% 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, IA is $550, which is 53% below the national average of $1,163/month.
What is the unemployment rate in Milton?
The unemployment rate in Milton, IA is 4.2%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Milton, IA a good place to live?
Milton offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 451 and a median age of 33.3, the city appeals to young professionals and families.
How educated is Milton, IA?
9.3% 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, IA: median home value is $54,400 (78% below national), median rent is $550/month, and median household income is $41,875. The home-value-to-income ratio is 1.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Milton?
The poverty rate in Milton, IA is 25.9%, 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, IA?
Milton's population is 0.0% White, 0.7% Hispanic or Latino, 0.0% Black or African American, 0.4% Asian, and 0.0% two or more races. 0.7% of residents are foreign-born.