Milton, IN population, income and ZIP codes

Milton town is a very small community in Indiana, with 345 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #580 of 976 ranked by population — larger than 40% of them. The median age here is 39.8 years against 39.1 nationally, a slightly older profile than the country as a whole. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.

Households in Milton town earn a median of $45,375 a year, 42.2% below the national figure of $78,538 and 26% below the $61,527 median for the 355 Indiana cities we cover. Median household income counts every pre-tax dollar arriving at an address — wages, self-employment, Social Security, pensions, interest and public assistance — for everyone living there, so multi-earner households pull the figure up even where individual pay is modest. Poverty reaches 15.7% of residents here, above the 12.4% national rate.

The typical owner-occupied home in Milton town is valued at $81,700, 73.1% below the national figure and 44% below the $145,600 peer median, while median gross rent runs $688 a month, 51.1% below the national figure, or roughly $8,256 across a full year. A household on the local median income would put about 18.2% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is cheap relative to what people here earn. The home-price-to-income ratio works out to 1.8×, against roughly 3.9× nationally, so purchase prices are unusually low against local pay, the pattern in places where supply is plentiful and wage growth has been flat. 80.5% of occupied homes are owner-occupied versus 65% nationally, an owner-dominated market where rental listings are scarce and rent medians rest on a thin sample. The rent line includes utilities paid by the tenant, a definition worth remembering when comparing it against a landlord's quoted rate.

With 345 residents, a handful of survey responses moves every median on this page. Compare Milton town against its county rather than against national figures.

No figure on this page is estimated by us; each one comes straight from the published ACS tables for this area. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.