Living in Milltown, Indiana
Cost of living, income, home prices, rent and demographics of Milltown · Census data 2020–2024
Milltown has 763 residents with a median age of 38.2. The median household income is $61,216 (15% lower than the Indiana median), the median home value is $118,800, the median rent is $611/month.
Milltown is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Milltown at a glance
- Population
- 763
- Median age
- 38.2State: 38.1
- Median household income
- $61,216State: $71,957
- Median home value
- $118,800State: $218,200
- Median rent
- $611/moState: $1,062
- Homeowners
- 68.5%
- Bachelor's degree or higher
- 8.2%
- Average commute
- 39 min
Is Milltown a good place to live?
Pros: Home values 46% lower than the state median.
Cons: Median household income 15% lower than the Indiana median; an average commute of 39 minutes; unemployment of 9%; a poverty rate of 17.3%.
The weather is best in May and August to October.
Cost of living in Milltown
Housing is the biggest part of the cost of living. In Milltown the median home value is $118,800, 64% lower than the U.S. median. Renters pay a median of $611 per month, which is 22.5% of household income. Homeowners with a mortgage pay $1,078 a month in housing costs.
Milltown median household income
The median household income in Milltown is $61,216 and the income per person is $33,648. 17.3% of residents live below the poverty line (Indiana: 12.3%).
Housing in Milltown: homes for sale and rent
- Housing units
- 415
- Owner-occupied
- 68.5%
- Renter-occupied
- 31.5%
- Vacant
- 18.1%Includes seasonal homes
- Median year built
- 1967
- Average household size
- 2.24
Milltown demographics
- Population
- 763
- Median age
- 38.2
- Under 18
- 18.6%
- 65 and older
- 18.3%
- Households
- 340
- Foreign-born
- 0%
- Veterans
- 6%Adults 18+
Hispanic or Latino can be of any race. Population history of Milltown ›
Education in Milltown
8.2% of adults 25 and older in Milltown have a bachelor's degree or higher (Indiana: 29.5%), and 2.5% have a graduate or professional degree.
Jobs and commute in Milltown
- Unemployment rate
- 9%State: 4.3%
- Average commute
- 39 minState: 24 min
- Work from home
- 4.5%
- Drive alone
- 89.3%
- Public transit
- 2%
- Walk to work
- 0%
- Homes with broadband
- 87.4%
Milltown vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Milltown | 763 | $61,216 | $118,800 | $611 |
| Marengo | 924 | $43,654 | $96,300 | $680 |
| Hardinsburg | 164 | $36,042 | $117,600 | $775 |
| New Salisbury | 499 | $52,768 | $179,200 | — |
| English | 1,008 | $35,991 | $94,700 | $692 |
| Palmyra | 1,215 | $60,862 | $163,800 | $772 |
| Leavenworth | 397 | $65,586 | $130,200 | — |
| Crandall | 233 | $55,313 | $168,800 | $846 |
| Corydon | 3,157 | $56,513 | $144,600 | $959 |
More for people moving to Milltown
Milltown ZIP code ›Weather and climate ›Living in Milltown: FAQ
What is the median household income in Milltown, IN?
The median household income in Milltown is $61,216, 15% lower than the Indiana median of $71,957 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Milltown?
The median home value in Milltown is $118,800, compared with $218,200 in Indiana.
How much is rent in Milltown?
The median gross rent in Milltown is $611 per month, about 22.5% of household income.
Is Milltown, IN a good place to live?
Pluses: home values 46% lower than the state median. Minuses: median household income 15% lower than the Indiana median; an average commute of 39 minutes; unemployment of 9%; a poverty rate of 17.3%.
What is the median age in Milltown?
The median age in Milltown is 38.2 years (Indiana: 38.1).
How long is the commute in Milltown?
The average commute to work in Milltown is 39 minutes; 4.5% of workers work from home.
What is the unemployment rate in Milltown?
The unemployment rate in Milltown is 9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Milltown?
8.2% of adults in Milltown have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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