Lake Milton, OH
Population 533 · Ohio
About Lake Milton, OH
Lake Milton is a small community located in Ohio with a population of 533 residents according to the latest US Census Bureau American Community Survey data. The median household income is $94,000 per year, which is 25% above the national median of $75,149. The median age of 47.7 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 Lake Milton features a median home value of $391,200, which is 60% above the national median of $244,900. This places Lake Milton in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $817, 30% below the national average of $1,163/month. Of the 452 total housing units, 87% are owner-occupied (195 units) and 13% are renter-occupied (29 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lake Milton shows an unemployment rate of 2.9%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 8.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lake Milton have an average one-way commute time of 26.4 minutes.
Education & Demographics
38.5% of Lake Milton residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.0% White, 1.1% 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 Lake Milton, OH
Compared to national averages, Lake Milton has a median household income of $94,000 (25% above the national median of $75,149). Home values average $391,200, which is 60% above the national median. Monthly rent at $817 is 30% below the US average of $1,163. Within Ohio, Lake Milton's income is 31% above the state average of $71,814, and home values are 124% above the state median of $174,449.
Why Live in Lake Milton, OH?
Lake Milton offers a strong local economy with a median household income of $94,000, well above the national average, and rent that’s lower than the national average at $817/month, and a strong job market with an unemployment rate of just 2.9%. Additionally, the city features a well-educated community where 38.5% of residents hold a bachelor’s degree or higher, and a low poverty rate of 8.1%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $391,200. However, Lake Milton’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lake Milton has a population of 533 with a median age of 47.7 years. Compare Lake Milton with other cities to see how it stacks up, or explore all cities in Ohio.
Similar Cities Near Lake Milton
Cities in Ohio with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Cuyahoga Heights | 534 | $66,875 | $210,700 | Compare |
| Richmond | 534 | $61,250 | $119,100 | Compare |
| Waite Hill | 532 | $159,375 | $746,400 | Compare |
| Warsaw | 534 | $36,827 | $118,400 | Compare |
| Polk | 535 | $63,438 | $122,300 | Compare |
| Hamler | 536 | $63,750 | $116,500 | Compare |
| West Logan | 537 | $27,898 | $68,100 | Compare |
| Crown City | 538 | $44,922 | $133,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Ohio
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Lake Milton
What is the population of Lake Milton, OH?
The population of Lake Milton, OH is 533 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Ohio.
What is the median household income in Lake Milton?
The median household income in Lake Milton, OH is $94,000 per year, which is 25% above the national median of $75,149.
What is the median home value in Lake Milton?
The median home value in Lake Milton, OH is $391,200, which is 60% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lake Milton?
The median monthly rent in Lake Milton, OH is $817, which is 30% below the national average of $1,163/month.
What is the unemployment rate in Lake Milton?
The unemployment rate in Lake Milton, OH is 2.9%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Lake Milton, OH a good place to live?
Lake Milton offers above-average incomes, a competitive housing market, and a strong job market. With a population of 533 and a median age of 47.7, the city appeals to established professionals and retirees.
How educated is Lake Milton, OH?
38.5% of residents in Lake Milton aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Lake Milton?
Key cost-of-living indicators for Lake Milton, OH: median home value is $391,200 (60% above national), median rent is $817/month, and median household income is $94,000. The home-value-to-income ratio is 4.2x, a moderate figure by national standards.
What is the poverty rate in Lake Milton?
The poverty rate in Lake Milton, OH is 8.1%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Lake Milton, OH?
Lake Milton's population is 0.0% White, 1.1% 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.