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Milbank city, South Dakota Demographics & Population 2026

As of 2026, Milbank city, South Dakota has a total population of 3,513, the 22nd largest city in South Dakota, with a median household income of $58,462, which is 19% lower than the state average. The poverty rate is 13.6%.

Milbank city Quick Facts

Population 3,513
Median Household Income $58,462
Median Home Value $161,300
Poverty Rate 13.6%
Unemployment Rate 4.7%
Median Age 42.3 years
Homeownership Rate 76.3%
Affordability Ratio 2.8x
Bachelor's Degree or Higher 34.3%
High School Graduation Rate 95.2%
Diversity Index 24/100
Population 3,513 22nd of 439
Median Income $58,462 average
Poverty Rate 13.6% 10% higher national
Median Home Value $161,300 above average

How Milbank city Compares

Economy & Housing

Employment

4.7% Unemployment Rate State: 3.0% | National: 5.2%
67.4% Labor Force Participation

Housing Overview

Owner 76.3%
Renter 23.7%
Affordability Index Very Affordable
2.8x home value to income ratio

People & Demographics

Diversity Index

24out of 100
Very Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 33 | National average: 60

Education

Milbank city Rankings in South Dakota

#22 Population of 439
#200 Median Income of 439
#60 Education of 439
#102 Home Value of 439

Explore South Dakota Rankings

Cities by Population All cities ranked by size Richest Cities Ranked by median income Most Educated By bachelor's degree rate Most Affordable By housing affordability

Other Cities in Grant County

CityPopulationMedian IncomePovertyHome Value
Big Stone City city 609 $50,333 18.9% $122,500
Stockholm town 112 $81,250 8.0% $98,800
Revillo town 92 $53,621 9.8% N/A
La Bolt town 85 $73,750 8.2% $57,500
Strandburg town 79 $55,625 8.9% $88,800
Twin Brooks town 35 $63,125 14.3% $75,000
Marvin town 18 $38,750 16.7% N/A
Albee town 4 N/A 25.0% N/A

Cities Similar to Milbank city

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Hot Springs city3,506$49,688$168,20018.2%27.9%
Lead city2,997$57,348$192,80019.8%7.3%
Canton city3,060$65,500$191,00019.5%6.6%
Mobridge city2,928$61,556$122,00031.5%20.2%
Hartford city3,412$95,426$223,40030.9%6.1%

Population Overview

Milbank city is a small community located in South Dakota, within Grant County. The total population is 3,513. It ranks as the 22nd most populous out of 439 cities and towns in South Dakota.

Age Demographics

The median age in Milbank city is 42.3 years. This is 12% higher than the state median of 37.7 years. 12.0% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.

Economy, Income & Housing

The median household income in Milbank city is $58,462. This is 19% lower than the state median of $72,421. Compared to the national median of $78,538, household income here is 26% lower. The poverty rate stands at 13.6%. This is 13% higher than the state poverty rate of 12.0%. The unemployment rate is 4.7%. This is 58% higher than the state rate of 3.0%. The median home value is $161,300. Housing costs are 32% lower than the state median of $236,800. With a home-value-to-income ratio of just 2.8x, Milbank city is one of the most affordable housing markets in the area. 76.3% of occupied housing units are owner-occupied. This homeownership rate is 11% higher than the state average of 68.6%.

Race & Ethnicity

Milbank city has a predominantly White (non-Hispanic) population, comprising 86.2% of all residents. Hispanic or Latino residents account for 11.7%. The Hispanic or Latino population is significantly higher than the state average (11.7% vs 4.6%).

Education

34.3% of residents aged 25 and older hold a bachelor's degree or higher. This is 10% higher than the state rate of 31.1%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 95.2%.

Data Sources & Methodology

All demographic data for Milbank city, South Dakota 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 South Dakota state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 439 Census-designated places in South Dakota. For official data, visit data.census.gov.

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Frequently Asked Questions

What is the population of Milbank city, South Dakota?

Milbank city, South Dakota has a population of 3,513 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Milbank city, SD?

The median household income in Milbank city is $58,462, which is 26% lower the national median of $78,538.

What is the poverty rate in Milbank city, SD?

The poverty rate in Milbank city is 13.6%. This means approximately 461 residents live below the federal poverty line.

What is the racial makeup of Milbank city, South Dakota?

Milbank city's population is 86.2% White, 0.0% Black, 11.7% Hispanic/Latino, and 0.0% Asian.

What is the median home value in Milbank city, SD?

The median home value in Milbank city is $161,300. The home-value-to-income ratio is 2.8x.

How educated is Milbank city, South Dakota?

34.3% of adults (25+) in Milbank city hold a bachelor's degree or higher, and 12.4% hold a graduate or professional degree.