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The total population of Milltown is estimated to be 883 with 435 males (49.26%) and 448 females (50.74%). There are 13 more females than males in Milltown.
The median household income in Milltown was $47,290 in 2021, which marked an an increase of 5,584(13.39%) from $41,706 in 2020. This income is 63.39% 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, Milltown sees its highest median household income among householders in the age group of 25 to 44 years old, at $77,466. Overall, the median household income for the town of Milltown stands at $47,290.
In Milltown, the median income for all workers aged 15 years and older, regardless of work hours, was $29,298 for males and $24,659 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $55,059 for males and $39,660 for females.
In Milltown, population is primarily represented by White households, reporting a median income of $47,290.
In 2022, the population of Milltown was 792, a 0.51% increase year-by-year from 2021. Previously, in 2021, Milltown's population was 788, a decline of 0.13% compared to a population of 789 in 2020.
The median age in Milltown, IN is 33.2, as per 2021 ACS 5-Year Estimates. Of the total population, 18.62% were under the age of 15, 27.40% aged 15 to 29, 40.93% aged 30 to 64, 10.68% aged 65 to 84, and 2.37% were 85 years of age and older.
Racial distribution of Milltown population: 96.68% are White, 0.71% are Asian and 2.61% are multiracial.