Milroy, Indiana Demographics & Population 2026
During the 2020–2024 ACS period, Milroy, Indiana had a total population of 522, the 503rd largest community in Indiana, with a median household income of $83,164, which is 16% higher than the state average. The poverty rate is 4.5%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- An exceptionally low poverty rate of 4.5% — among the lowest in Indiana.
- Housing is very affordable with a home-value-to-income ratio of just 1.6x.
- Near full employment with an unemployment rate of just 0.7%.
Milroy Quick Facts
How Milroy Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 629 | 522 | -17.0% |
| Median household income | $81,875 | $83,164 | +1.6% |
| Median home value | $105,000 | $132,100 | +25.8% |
How Milroy Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
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: 41 | National average: 61
Education
Educational Attainment (Adults 25+)
Milroy Rankings in Indiana
Explore Indiana Rankings
Other Cities in Rush County
Cities Similar to Milroy
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Lake Eliza | 545 | N/A | $173,000 | 5.6% | 10.3% |
| Snow Lake | 519 | $76,778 | $373,300 | 45.7% | 2.3% |
| Williamsburg | 510 | $77,500 | $96,500 | 1.4% | 22.4% |
| St. Bernice | 554 | N/A | $92,700 | 0.0% | 3.8% |
| Metamora | 491 | N/A | N/A | 0.0% | 0.0% |
A note before these figures: with a population of 522, Milroy's ACS estimates come from a small number of survey responses and carry wide margins of error. Individual percentages below — particularly rates that round to 0% or 100% — are approximations, not precise measurements. See data.census.gov for the published margins of error.
Population Overview
Milroy is a small community located in Indiana, within Rush County. The total population is 522. It ranks as the 503rd most populous out of 967 Census-designated places in Indiana.
Age Demographics
The median age in Milroy is 57.3 years. This is 50% higher than the state median of 38.1 years. Only 7.1% of residents are under 18, indicating fewer families with children.
Economy, Income & Housing
The median household income in Milroy is $83,164. This is 16% higher than the state median of $71,957. It is also 3% higher than the national median of $80,734. The poverty rate stands at 4.5%. This is 64% lower than the state poverty rate of 12.3%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 0.7%. This is 83% lower than the state rate of 4.3%. The median home value is $132,100. Housing costs are 39% lower than the state median of $218,200. With a home-value-to-income ratio of just 1.6x, Milroy is one of the most affordable housing markets in the area. 92.1% of occupied housing units are owner-occupied. This homeownership rate is 31% higher than the state average of 70.5%.
Race & Ethnicity
Milroy has a predominantly White (non-Hispanic) population, comprising 90.4% of all residents.
Education
26.9% of residents aged 25 and older hold a bachelor's degree or higher. This is 9% lower than the state rate of 29.5%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 99.8%. Notably, 22.4% of adults hold a graduate or professional degree, indicating a highly educated workforce.
Data Sources & Methodology
All demographic data for Milroy, Indiana is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. 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. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Milroy, Indiana?
Milroy, Indiana has a population of 522 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Milroy, IN?
The median household income in Milroy is $83,164, which is 3% higher than the national median of $80,734.
What is the poverty rate in Milroy, IN?
The poverty rate in Milroy is 4.5%. This means approximately 23 residents live below the federal poverty line.
What is the racial makeup of Milroy, Indiana?
Milroy's population is 90.4% White, 0.0% Black, 0.0% Hispanic/Latino, and 0.0% Asian.
What is the median home value in Milroy, IN?
The median home value in Milroy is $132,100. The home-value-to-income ratio is 1.6x.
How educated is Milroy, Indiana?
26.9% of adults (25+) in Milroy hold a bachelor's degree or higher, and 22.4% hold a graduate or professional degree.