South Dakota · Census place 42260
Milbank city, SD
Quick answer
Milbank city has 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.
- 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
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
Compare with nearby places
Places of similar size in South Dakota.
- Belle Fourche city 5,741
- Dakota Dunes CDP 4,129
- Dell Rapids city 3,947
- Hot Springs city 3,506
- Hartford city 3,412
- Canton city 3,060
- North Sioux City city 3,018
Keep going
More South Dakota coverage.