Living in Lake Milton, Ohio
Cost of living, income, home prices, rent and demographics of Lake Milton · Census data 2020–2024
Lake Milton has 548 residents with a median age of 50.7. The median household income is $109,688 (54% higher than the Ohio median), the median home value is $493,800, the median rent is $835/month.
Lake Milton is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Lake Milton at a glance
- Population
- 548
- Median age
- 50.7State: 39.7
- Median household income
- $109,688State: $71,389
- Median home value
- $493,800State: $214,800
- Median rent
- $835/moState: $1,034
- Homeowners
- 88.2%
- Bachelor's degree or higher
- 32.9%
- Average commute
- 26 min
Is Lake Milton a good place to live?
Pros: Median household income 54% higher than the Ohio median; unemployment of 3.1%; a poverty rate of 7.7%.
Cons: Home values 130% higher than the state median; an average commute of 26 minutes.
The weather is best in June to September.
Cost of living in Lake Milton
Housing is the biggest part of the cost of living. In Lake Milton the median home value is $493,800, 48% higher than the U.S. median. Renters pay a median of $835 per month, which is 18.5% of household income. Homeowners with a mortgage pay $1,591 a month in housing costs.
Lake Milton median household income
The median household income in Lake Milton is $109,688 and the income per person is $46,093. 7.7% of residents live below the poverty line (Ohio: 13.3%).
Housing in Lake Milton: homes for sale and rent
- Housing units
- 443
- Owner-occupied
- 88.2%
- Renter-occupied
- 11.8%
- Vacant
- 50.3%Includes seasonal homes
- Median year built
- 1965
- Average household size
- 2.49
50.3% of homes are vacant most of the year, a sign that Lake Milton has many vacation and second homes.
Lake Milton demographics
- Population
- 548
- Median age
- 50.7
- Under 18
- 18.4%
- 65 and older
- 17%
- Households
- 220
- Foreign-born
- 0%
- Veterans
- 1.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Lake Milton ›
Education in Lake Milton
32.9% of adults 25 and older in Lake Milton have a bachelor's degree or higher (Ohio: 31.5%), and 10.4% have a graduate or professional degree.
Jobs and commute in Lake Milton
- Unemployment rate
- 3.1%State: 4.8%
- Average commute
- 26 minState: 23 min
- Work from home
- 20.7%
- Drive alone
- 69.5%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 100%
Lake Milton vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lake Milton | 548 | $109,688 | $493,800 | $835 |
| Craig Beach | 1,161 | $72,361 | $164,000 | $957 |
| South Canal | 673 | $66,793 | $137,300 | $771 |
| Newton Falls | 4,549 | $50,506 | $105,700 | $745 |
| Lordstown | 3,332 | $66,411 | $174,000 | $985 |
| Atwater | 745 | $56,467 | $130,400 | $791 |
| Windham | 2,020 | $54,219 | $128,700 | $898 |
| Canfield | 7,649 | $97,439 | $254,800 | $788 |
| Mineral Ridge | 3,657 | $59,161 | $154,600 | $734 |
More for people moving to Lake Milton
Lake Milton ZIP code ›Weather and climate ›Living in Lake Milton: FAQ
What is the median household income in Lake Milton, OH?
The median household income in Lake Milton is $109,688, 54% higher than the Ohio median of $71,389 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Lake Milton?
The median home value in Lake Milton is $493,800, compared with $214,800 in Ohio.
How much is rent in Lake Milton?
The median gross rent in Lake Milton is $835 per month, about 18.5% of household income.
Is Lake Milton, OH a good place to live?
Pluses: median household income 54% higher than the Ohio median; unemployment of 3.1%; a poverty rate of 7.7%. Minuses: home values 130% higher than the state median; an average commute of 26 minutes.
What is the median age in Lake Milton?
The median age in Lake Milton is 50.7 years (Ohio: 39.7).
How long is the commute in Lake Milton?
The average commute to work in Lake Milton is 26 minutes; 20.7% of workers work from home.
What is the unemployment rate in Lake Milton?
The unemployment rate in Lake Milton is 3.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lake Milton?
32.9% of adults in Lake 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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