Milton, Indiana Demographics & Population 2026
During the 2020–2024 ACS period, Milton, Indiana had a total population of 323, the 597th largest town in Indiana, with a median household income of $47,083, which is 35% lower than the state average. The poverty rate is 13.6%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Household income is 35% below the state average, indicating significant economic challenges.
- Housing is very affordable with a home-value-to-income ratio of just 1.8x.
Milton Quick Facts
How Milton 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 | 345 | 323 | -6.4% |
| Median household income | $45,375 | $47,083 | +3.8% |
| Median home value | $81,700 | $83,900 | +2.7% |
How Milton 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+)
Milton Rankings in Indiana
Explore Indiana Rankings
Other Cities in Wayne County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Richmond | 35,581 | $45,399 | 25.4% | $114,400 |
| Centerville | 2,772 | $49,688 | 14.2% | $149,200 |
| Cambridge City | 1,657 | $51,071 | 19.9% | $103,100 |
| Hagerstown | 1,642 | $56,484 | 10.7% | $119,600 |
| Dublin | 870 | $51,406 | 3.2% | $97,700 |
| Fountain City | 702 | $47,802 | 17.9% | $96,200 |
| Spring Grove | 464 | $58,359 | 21.3% | $126,900 |
| Greens Fork | 436 | $74,875 | 6.9% | $96,300 |
| Boston | 246 | $70,893 | 30.8% | $75,500 |
| East Germantown | 229 | $45,179 | 7.0% | $95,400 |
Cities Similar to Milton
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Fair Oaks | 323 | N/A | N/A | 0.0% | 14.9% |
| Amity | 317 | N/A | $207,900 | 0.0% | 19.2% |
| Grammer | 336 | N/A | N/A | 44.1% | 5.1% |
| Needmore | 309 | N/A | $94,200 | 8.9% | 5.9% |
| Hartz Lake | 312 | $45,360 | N/A | 8.5% | 55.5% |
A note before these figures: with a population of 323, Milton'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
Milton is a small community located in Indiana, within Wayne County. The total population is 323. It ranks as the 597th most populous out of 967 Census-designated places in Indiana.
Age Demographics
The median age in Milton is 39.7 years. This is 4% higher than the state median of 38.1 years.
Economy, Income & Housing
The median household income in Milton is $47,083. This is 35% lower than the state median of $71,957. It is also 42% lower than the national median of $80,734. The poverty rate stands at 13.6%. This is 10% higher than the state poverty rate of 12.3%. The unemployment rate is 2.6%. This is 40% lower than the state rate of 4.3%. The median home value is $83,900. Housing costs are 62% lower than the state median of $218,200. With a home-value-to-income ratio of just 1.8x, Milton is one of the most affordable housing markets in the area. 79.9% of occupied housing units are owner-occupied. This homeownership rate is 13% higher than the state average of 70.5%.
Race & Ethnicity
Milton has a predominantly White (non-Hispanic) population, comprising 90.7% of all residents. Hispanic or Latino residents account for 1.6%. The Hispanic or Latino population (1.6%) is well below the state average of 8.6%.
Education
17.1% of residents aged 25 and older hold a bachelor's degree or higher. This is 42% 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 88.9%.
Data Sources & Methodology
All demographic data for Milton, 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 Milton, Indiana?
Milton, Indiana has a population of 323 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Milton, IN?
The median household income in Milton is $47,083, which is 42% lower than the national median of $80,734.
What is the poverty rate in Milton, IN?
The poverty rate in Milton is 13.6%. This means approximately 44 residents live below the federal poverty line.
What is the racial makeup of Milton, Indiana?
Milton's population is 90.7% White, 0.0% Black, 1.6% Hispanic/Latino, and 0.0% Asian.
What is the median home value in Milton, IN?
The median home value in Milton is $83,900. The home-value-to-income ratio is 1.8x.
How educated is Milton, Indiana?
17.1% of adults (25+) in Milton hold a bachelor's degree or higher, and 3.7% hold a graduate or professional degree.