Millwood, PA
Population 436 · Pennsylvania
About Millwood, PA
Millwood is a small community located in Pennsylvania with a population of 436 residents according to the latest US Census Bureau American Community Survey data. The median household income is $38,966 per year, which is 48% below the national median of $75,149. The median age of 48.2 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 Millwood features a median home value of $167,400, which is 32% below the national median of $244,900. This positions Millwood in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 217 total housing units, 94% are owner-occupied (205 units) and 6% are renter-occupied (12 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Millwood shows an unemployment rate of 18.6%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 23.4%, above the national average of 12.4%. Workers in Millwood have an average one-way commute time of 29.8 minutes.
Education & Demographics
4.5% of Millwood 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, 0.0% 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 Millwood, PA
Compared to national averages, Millwood has a median household income of $38,966 (48% below the national median of $75,149). Home values average $167,400, which is 32% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Pennsylvania, Millwood's income is 47% below the state average of $73,376, and home values are 12% below the state median of $190,903.
Why Live in Millwood, PA?
Millwood offers affordable housing with a median home value of $167,400, below the US average of $244,900, and rent that’s lower than the national average at $0/month.
Potential considerations include median household income ($38,966) that falls below the national average. However, Millwood’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Millwood has a population of 436 with a median age of 48.2 years. Compare Millwood with other cities to see how it stacks up, or explore all cities in Pennsylvania.
Similar Cities Near Millwood
Cities in Pennsylvania with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Lavelle | 437 | $52,557 | $115,400 | Compare |
| Dushore | 438 | $35,192 | $115,900 | Compare |
| Springboro | 438 | $50,583 | $93,300 | Compare |
| New Kingstown | 439 | $2,499 | $217,300 | Compare |
| Orbisonia | 433 | $32,917 | $117,300 | Compare |
| Troxelville | 433 | $75,781 | $187,500 | Compare |
| Franklintown | 432 | $67,098 | $162,900 | Compare |
| Warriors Mark | 440 | $97,708 | $241,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Pennsylvania
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Millwood With Other Cities
Frequently Asked Questions about Millwood
What is the population of Millwood, PA?
The population of Millwood, PA is 436 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Pennsylvania.
What is the median household income in Millwood?
The median household income in Millwood, PA is $38,966 per year, which is 48% below the national median of $75,149.
What is the median home value in Millwood?
The median home value in Millwood, PA is $167,400, which is 32% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Millwood?
The median monthly rent in Millwood, PA is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Millwood?
The unemployment rate in Millwood, PA is 18.6%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Millwood, PA a good place to live?
Millwood offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 436 and a median age of 48.2, the city appeals to established professionals and retirees.
How educated is Millwood, PA?
4.5% of residents in Millwood 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 Millwood?
Key cost-of-living indicators for Millwood, PA: median home value is $167,400 (32% below national), median rent is $0/month, and median household income is $38,966. The home-value-to-income ratio is 4.3x, a moderate figure by national standards.
What is the poverty rate in Millwood?
The poverty rate in Millwood, PA is 23.4%, 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 Millwood, PA?
Millwood's population is 0.0% White, 0.0% 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.