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The total population of Milbank is estimated to be 3,506 with 1,596 males (45.52%) and 1,910 females (54.48%). There are 314 more females than males in Milbank.
The median household income in Milbank was $65,932 in 2021, which marked an a decrease of 330(0.50%) from $66,262 in 2020. This income is 88.37% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Milbank sees its highest median household income among householders in the age group of 45 to 64 years old, at $92,907. Overall, the median household income for the city of Milbank stands at $65,932.
In Milbank, the median income for all workers aged 15 years and older, regardless of work hours, was $44,409 for males and $26,542 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $73,444 for males and $60,184 for females.
In Milbank, there are just two different racial groups among households. Among these, White households report a median household income of $75,529, while Some Other Race households have a median household income of $47,146.
In 2022, the population of Milbank was 3,484, a 0.91% decrease year-by-year from 2021. Previously, in 2021, Milbank's population was 3,516, a decline of 0.26% compared to a population of 3,525 in 2020.
The median age in Milbank, SD is 41.1, as per 2021 ACS 5-Year Estimates. Of the total population, 18.64% were under the age of 15, 15.85% aged 15 to 29, 43.58% aged 30 to 64, 19.47% aged 65 to 84, and 2.47% were 85 years of age and older.
Racial distribution of Milbank population: 89.33% are White, 0.14% are Black or African American, 0.26% are American Indian and Alaska Native, 8.23% are some other race and 2.04% are multiracial.