South Dakota · Census place 42260
Milbank, SD population, income and ZIP codes
Quick answer
The population of the city of Milbank, South Dakota (Milbank, SD — Census place “Milbank city”) is 3,513 residents, ranking #22 of 485 places in South Dakota. Median household income is $58,462, the median home is worth $161,300 and median gross rent runs $480 a month. Looking for the Milbank South Dakota ZIP code list? 1 ZIP codes serve Milbank, SD: 57252.
- Population
- 3,513Milbank city residents
- Median household income
- $58,462Past 12 months, inflation adjusted
- Median home value
- $161,300Owner-occupied units
- Median gross rent
- $480Rent plus utilities, monthly
- Median age
- 42.3 yrsAll residents
- Homeownership rate
- 76.3%Owner-occupied households
Milbank ZIP codes (South Dakota)
Census ZCTAs whose delivery area overlaps Milbank.
The Milbank SD ZIP code list below covers 1 ZIP code. Open any one for its population, income, housing and rent profile.
What the numbers mean in Milbank city
Housing cost measured against local earnings.
A household earning the Milbank city median would spend about 9.9% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.8× the median household income; nationally that ratio sits near 4.5×. Poverty affects 13.6% of residents and 76.3% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Milbank city, SD in context
How this area compares with national benchmarks.
Milbank city is a small town in South Dakota, with 3,513 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #22 of 485 ranked by population — larger than 95% of them. The median age here is 42.3 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 Milbank city earn a median of $58,462 a year, 25.6% below the national figure of $78,538 and 11% below the $65,500 median for the 79 South Dakota 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 13.6% of residents here, above the 12.4% national rate.
The typical owner-occupied home in Milbank city is valued at $161,300, 46.8% below the national figure and 16% below the $192,800 peer median, while median gross rent runs $480 a month, 65.9% below the national figure, or roughly $5,760 across a full year. A household on the local median income would put about 9.9% 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 2.8×, against roughly 3.9× nationally, so buying is easier here than in the average US market. 76.3% of occupied homes are owner-occupied versus 65% nationally, so the market leans toward owners. Gross rent folds in the utilities a tenant pays separately, so it is closer to the real monthly outlay than a headline rent figure.
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.
Compare with nearby places
Places of similar size in South Dakota.
- Hot Springs city 3,506
- Dell Rapids city 3,947
- Hartford city 3,412
- Dakota Dunes CDP 4,129
- Canton city 3,060
- Belle Fourche city 5,741
- North Sioux City city 3,018
- Madison city 6,158
Keep going
More South Dakota coverage.
Frequently asked questions
Common questions about this area.
- What is the population of Milbank city?
- Milbank city has 3,513 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #22 of 485 in South Dakota.
- What is the median household income in Milbank city?
- Median household income in Milbank city is $58,462 a year, 25.6% below the national figure of $78,538.
- How much does it cost to rent or buy in Milbank city?
- Median gross rent is $480 a month and the median home value is $161,300, so rent absorbs about 9.9% of median household income.
- Is Milbank city affordable compared with the rest of the US?
- Homes cost about 2.8× the local median income here versus roughly 3.9× nationally, so Milbank city is more affordable to buy in than the typical US market, and rent takes 9.9% of median income against the 30% cost-burden line.
- How current is this Milbank city data?
- All figures come from the US Census Bureau American Community Survey 2019-2023 ACS 5-year five-year estimates. 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.