Milltown town, Indiana Demographics & Population 2026
As of 2026, Milltown town, Indiana has a total population of 811, the 406th largest city in Indiana, with a median household income of $58,419, which is 17% lower than the state average. The poverty rate is 19.7%.
Key Takeaways
- Only 8.5% of adults have a bachelor's degree, well below the national average of 35.0%.
- Housing is very affordable with a home-value-to-income ratio of just 2.1x.
- Unemployment rate of 9.0% is notably above the national average.
Milltown town Quick Facts
How Milltown town Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 40 | National average: 60
Education
Educational Attainment (Adults 25+)
Milltown town Rankings in Indiana
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Cities Similar to Milltown town
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Waynetown town | 790 | $58,977 | $112,800 | 15.2% | 14.9% |
| Freelandville CDP | 776 | $58,654 | $74,000 | 13.0% | 15.3% |
| Atlanta town | 789 | $61,583 | $134,100 | 9.6% | 24.6% |
| Winslow town | 850 | $59,545 | $80,900 | 6.8% | 10.3% |
| Selma town | 833 | $62,500 | $99,800 | 10.5% | 26.8% |
Population Overview
Milltown town is a small community located in Indiana. The total population is 811. It ranks as the 406th most populous out of 967 cities and towns in Indiana.
Age Demographics
The median age in Milltown town is 35.3 years. This is 7% lower than the state median of 38.0 years.
Economy, Income & Housing
The median household income in Milltown town is $58,419. This is 17% lower than the state median of $70,051. Compared to the national median of $78,538, household income here is 26% lower. The poverty rate stands at 19.7%. This is 62% higher than the state poverty rate of 12.2%. The unemployment rate is 9.0%. This is 109% higher than the state rate of 4.3%. The median home value is $125,600. Housing costs are 38% lower than the state median of $201,600. With a home-value-to-income ratio of just 2.1x, Milltown town is one of the most affordable housing markets in the area. 69.1% of occupied housing units are owner-occupied. This homeownership rate is 2% lower than the state average of 70.3%.
Race & Ethnicity
Milltown town has a predominantly White (non-Hispanic) population, comprising 96.7% of all residents. Hispanic or Latino residents account for 0.5%. The Black or African American population (0.4%) is well below the state average of 9.1%. The Hispanic or Latino population (0.5%) is well below the state average of 8.4%.
Education
8.5% of residents aged 25 and older hold a bachelor's degree or higher. This is 70% lower than the state rate of 28.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 90.3%.
Data Sources & Methodology
All demographic data for Milltown town, Indiana is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Indiana state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 967 Census-designated places in Indiana. For official data, visit data.census.gov.
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Frequently Asked Questions
What is the population of Milltown town, Indiana?
Milltown town, Indiana has a population of 811 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Milltown town, IN?
The median household income in Milltown town is $58,419, which is 26% lower the national median of $78,538.
What is the poverty rate in Milltown town, IN?
The poverty rate in Milltown town is 19.7%. This means approximately 160 residents live below the federal poverty line.
What is the racial makeup of Milltown town, Indiana?
Milltown town's population is 96.7% White, 0.4% Black, 0.5% Hispanic/Latino, and 0.0% Asian.
What is the median home value in Milltown town, IN?
The median home value in Milltown town is $125,600. The home-value-to-income ratio is 2.1x.
How educated is Milltown town, Indiana?
8.5% of adults (25+) in Milltown town hold a bachelor's degree or higher, and 3.4% hold a graduate or professional degree.