Milo, ME
Population 1,445 · Maine
About Milo, ME
Milo is a small town located in Maine with a population of 1,445 residents according to the latest US Census Bureau American Community Survey data. The median household income is $52,660 per year, which is 30% below the national median of $75,149. The median age of 52.6 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 Milo features a median home value of $88,000, which is 64% 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 $608, 48% below the national average of $1,163/month. Of the 930 total housing units, 71% are owner-occupied (558 units) and 29% are renter-occupied (227 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Milo shows an unemployment rate of 0.5%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 17.2%, above the national average of 12.4%. Workers in Milo have an average one-way commute time of 37.8 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
23.4% 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 0.1% White, 2.1% Hispanic or Latino, 0.0% Black or African American, and 0.1% Asian residents, with 1.9% of the population being foreign-born.
How Milo Ranks in Maine
Cost of Living in Milo, ME
Compared to national averages, Milo has a median household income of $52,660 (30% below the national median of $75,149). Home values average $88,000, which is 64% below the national median. Monthly rent at $608 is 48% below the US average of $1,163. Within Maine, Milo's income is 18% below the state average of $64,613, and home values are 65% below the state median of $251,113.
Why Live in Milo, ME?
Milo offers affordable housing with a median home value of $88,000, below the US average of $244,900, and rent that’s lower than the national average at $608/month, and a strong job market with an unemployment rate of just 0.5%.
Potential considerations include median household income ($52,660) that falls below the national average. However, Milo’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Milo has a population of 1,445 with a median age of 52.6 years. Compare Milo with other cities to see how it stacks up, or explore all cities in Maine.
Similar Cities Near Milo
Cities in Maine with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Falmouth | 1,447 | $89,625 | $737,300 | Compare |
| Kennebunkport | 1,450 | $118,922 | $805,200 | Compare |
| Newport | 1,469 | $42,740 | $162,800 | Compare |
| Randolph | 1,479 | $52,917 | $157,000 | Compare |
| Waldoboro | 1,487 | $66,290 | $277,200 | Compare |
| Machias | 1,395 | $28,047 | $117,800 | Compare |
| West Kennebunk | 1,367 | $101,761 | $514,700 | Compare |
| Freeport | 1,544 | $48,352 | $344,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Maine
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Milo With Other Cities
Frequently Asked Questions about Milo
What is the population of Milo, ME?
The population of Milo, ME is 1,445 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Maine.
What is the median household income in Milo?
The median household income in Milo, ME is $52,660 per year, which is 30% below the national median of $75,149.
What is the median home value in Milo?
The median home value in Milo, ME is $88,000, which is 64% 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, ME is $608, which is 48% below the national average of $1,163/month.
What is the unemployment rate in Milo?
The unemployment rate in Milo, ME is 0.5%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Milo, ME a good place to live?
Milo offers a moderate cost of living, affordable housing, and a strong job market. With a population of 1,445 and a median age of 52.6, the city appeals to established professionals and retirees.
How educated is Milo, ME?
23.4% 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, ME: median home value is $88,000 (64% below national), median rent is $608/month, and median household income is $52,660. The home-value-to-income ratio is 1.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Milo?
The poverty rate in Milo, ME is 17.2%, 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 Milo, ME?
Milo's population is 0.1% White, 2.1% Hispanic or Latino, 0.0% Black or African American, 0.1% Asian, and 0.0% two or more races. 1.9% of residents are foreign-born.