Mill Spring, MO
Population 115 · Missouri
About Mill Spring, MO
Mill Spring is a small community located in Missouri with a population of 115 residents according to the latest US Census Bureau American Community Survey data. The median household income is $22,411 per year, which is 70% below the national median of $75,149. The median age of 53.2 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 Mill Spring features a median home value of $0, which is 100% below the national median of $244,900. This makes Mill Spring one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 68 total housing units, 82% are owner-occupied (42 units) and 18% are renter-occupied (9 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Mill Spring shows an unemployment rate of 3.7%, which is near the national rate of 3.7%. The poverty rate stands at 47.8%, above the national average of 12.4%. Workers in Mill Spring have an average one-way commute time of 0 minutes, one of the shorter commutes in the region.
Education & Demographics
4.8% of Mill Spring 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, 7.8% 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 Mill Spring, MO
Compared to national averages, Mill Spring has a median household income of $22,411 (70% below the national median of $75,149). Home values average $0, which is 100% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Missouri, Mill Spring's income is 63% below the state average of $61,047, and home values are 100% below the state median of $150,786.
Why Live in Mill Spring, MO?
Mill Spring offers affordable housing with a median home value of $0, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and short commute times averaging just 0 minutes.
Potential considerations include median household income ($22,411) that falls below the national average. However, Mill Spring’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Mill Spring has a population of 115 with a median age of 53.2 years. Compare Mill Spring with other cities to see how it stacks up, or explore all cities in Missouri.
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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 Mill Spring
What is the population of Mill Spring, MO?
The population of Mill Spring, MO is 115 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Missouri.
What is the median household income in Mill Spring?
The median household income in Mill Spring, MO is $22,411 per year, which is 70% below the national median of $75,149.
What is the median home value in Mill Spring?
The median home value in Mill Spring, MO is $0, which is 100% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Mill Spring?
The median monthly rent in Mill Spring, MO is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Mill Spring?
The unemployment rate in Mill Spring, MO is 3.7%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Mill Spring, MO a good place to live?
Mill Spring offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 115 and a median age of 53.2, the city appeals to established professionals and retirees.
How educated is Mill Spring, MO?
4.8% of residents in Mill Spring 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 Mill Spring?
Key cost-of-living indicators for Mill Spring, MO: median home value is $0 (100% below national), median rent is $0/month, and median household income is $22,411. The home-value-to-income ratio is 0.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Mill Spring?
The poverty rate in Mill Spring, MO is 47.8%, 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 Mill Spring, MO?
Mill Spring's population is 0.0% White, 7.8% 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.