Living in Milton, Iowa
Cost of living, income, home prices, rent and demographics of Milton · Census data 2020–2024
Milton has 493 residents with a median age of 37.3. The median household income is $51,500 (31% lower than the Iowa median), the median home value is $61,400, the median rent is $617/month.
Milton is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Milton at a glance
- Population
- 493
- Median age
- 37.3State: 38.6
- Median household income
- $51,500State: $75,059
- Median home value
- $61,400State: $208,000
- Median rent
- $617/moState: $972
- Homeowners
- 86.6%
- Bachelor's degree or higher
- 7.2%
- Average commute
- 18 min
Is Milton a good place to live?
Pros: Home values 70% lower than the state median; an average commute of 18 minutes.
Cons: Median household income 31% lower than the Iowa median; a poverty rate of 21.7%.
The weather is best in June to September.
Cost of living in Milton
Housing is the biggest part of the cost of living. In Milton the median home value is $61,400, 82% lower than the U.S. median. Renters pay a median of $617 per month, which is 20% of household income. Homeowners with a mortgage pay $1,158 a month in housing costs.
Milton median household income
The median household income in Milton is $51,500 and the income per person is $27,616. 21.7% of residents live below the poverty line (Iowa: 11.1%).
Housing in Milton: homes for sale and rent
- Housing units
- 198
- Owner-occupied
- 86.6%
- Renter-occupied
- 13.4%
- Vacant
- 13.1%Includes seasonal homes
- Median year built
- 1964
- Average household size
- 2.87
Milton demographics
- Population
- 493
- Median age
- 37.3
- Under 18
- 22.9%
- 65 and older
- 21.1%
- Households
- 172
- Foreign-born
- 0.6%
- Veterans
- 8.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Milton ›
Education in Milton
7.2% of adults 25 and older in Milton have a bachelor's degree or higher (Iowa: 31.4%), and 1.7% have a graduate or professional degree.
Jobs and commute in Milton
- Unemployment rate
- 0%State: 3.6%
- Average commute
- 18 minState: 20 min
- Work from home
- 25.4%
- Drive alone
- 48.8%
- Public transit
- 0%
- Walk to work
- 20.9%
- Homes with broadband
- 58.7%
Milton vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Milton | 493 | $51,500 | $61,400 | $617 |
| Cantril | 335 | $40,000 | $80,000 | $758 |
| Pulaski | 403 | $73,438 | $102,600 | $747 |
| Keosauqua | 914 | $51,136 | $98,500 | $480 |
| Bloomfield | 2,742 | $60,769 | $132,000 | $951 |
| Memphis | 1,782 | $55,125 | $132,800 | $471 |
| Downing | 277 | $32,308 | $79,200 | $361 |
| Eldon | 726 | $47,917 | $60,600 | $692 |
| Birmingham | 454 | $65,000 | $96,300 | $421 |
More for people moving to Milton
Milton ZIP code ›Weather and climate ›Living in Milton: FAQ
What is the median household income in Milton, IA?
The median household income in Milton is $51,500, 31% lower than the Iowa median of $75,059 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Milton?
The median home value in Milton is $61,400, compared with $208,000 in Iowa.
How much is rent in Milton?
The median gross rent in Milton is $617 per month, about 20% of household income.
Is Milton, IA a good place to live?
Pluses: home values 70% lower than the state median; an average commute of 18 minutes. Minuses: median household income 31% lower than the Iowa median; a poverty rate of 21.7%.
What is the median age in Milton?
The median age in Milton is 37.3 years (Iowa: 38.6).
How long is the commute in Milton?
The average commute to work in Milton is 18 minutes; 25.4% of workers work from home.
What is the unemployment rate in Milton?
The unemployment rate in Milton is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Milton?
7.2% of adults in Milton 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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