Last updated: 2024 BLS data · Page refreshed:
Milbank has a population of 3,525 with a median age of 50.0. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 3,525 |
| Median Age | 50.0 |
| White | 88.8% |
| Hispanic or Latino | 10.7% |
The median household income in Milbank is $56,011, which is 30.5% below the national median of $80,610. The per capita income is $37,811. The poverty rate is 13.2%.
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In Milbank, 93.1% of residents age 25+ have a high school diploma or higher, and 31.2% hold a bachelor's degree or higher (10.9% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 93.1% |
| Bachelor's Degree or Higher | 31.2% |
| Graduate or Professional Degree | 10.9% |
The median home value in Milbank is $155,000, below the national median of $303,400. The median monthly rent is $548. The homeownership rate is 69.8%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $155,000 |
| Median Monthly Rent | $548 |
| Homeownership Rate | 69.8% |
| Vacancy Rate | 12.0% |
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