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Milltown, Indiana

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
763
Population
$61,216
Median Income
$118,800
Home Value
38.2
Median Age

Demographics

Milltown has a population of 763 with a median age of 38.2. Here is the racial and ethnic breakdown of the population:

White
95.5%
Other
3.4%
Hispanic
0.7%
Demographic Value
Total Population763
Median Age38.2
White95.5%
Black or African American0.4%
Hispanic or Latino0.7%
Other / Two or More Races3.4%
Milltown, Indiana — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 100.White: 95.5%Other: 3.4%Other: 1.1%763PopulationWhiteWhite95.5%OtherOther3.4%OtherOther1.1%

Income & Economy

The median household income in Milltown is $61,216, which is 24.1% below the national median of $80,610. The per capita income is $33,648. The poverty rate is 17.3%.

$61,216
Median Household Income
$33,648
Per Capita Income
17.3%
Poverty Rate

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Education

In Milltown, 91.5% of residents age 25+ have a high school diploma or higher, and 8.2% hold a bachelor's degree or higher (2.5% with a graduate or professional degree).

HS Diploma+
91.5%
Bachelor's+
8.2%
Graduate+
2.5%
Education Level % of Adults (25+)
High School Diploma or Higher91.5%
Bachelor's Degree or Higher8.2%
Graduate or Professional Degree2.5%

Housing

The median home value in Milltown is $118,800, below the national median of $303,400. The median monthly rent is $611. The homeownership rate is 68.5%.

$118,800
Median Home Value
$611/mo
Median Rent
68.5%
Homeownership Rate
Housing Metric Value
Median Home Value$118,800
Median Monthly Rent$611
Homeownership Rate68.5%
Vacancy Rate18.1%

Salaries in Indiana

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Frequently Asked Questions

What is the population of Milltown, Indiana?
The population of Milltown, Indiana is 763 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Milltown, Indiana?
The median household income in Milltown, Indiana is $61,216. This is 24.1% below the national median of $80,610.
What is the median home value in Milltown, Indiana?
The median home value in Milltown, Indiana is $118,800. The median monthly rent is $611.
What percentage of people in Milltown have a college degree?
In Milltown, Indiana, 8.2% of adults age 25 and older hold a bachelor's degree or higher, and 91.5% have a high school diploma or higher.
Is Milltown, Indiana an affordable place to live?
The home price-to-income ratio in Milltown, Indiana is 1.9x (median home value $118,800 vs. median income $61,216), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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