Milbank, SD

Full City Profile · South Dakota · Grant County County

4.1 /5.0
A Great
3,513 Population 1,268/sq mi density
$58,462 Median Income $37,142 per capita
$161,300 Home Value $236,956 Zillow
$480 Median Rent 27.5% income on rent
43°F Avg Temperature
A
Overall
4.1 / 5.0
Strong
B+
Economy
3.6 / 5.0
$58,462 median income, 4.7% unemployment
A+
Affordability
5.0 / 5.0
$161,300 home value, $480/mo rent
B+
Education
3.7 / 5.0
34.3% bachelor's degree or higher

Milbank, SD

At a Glance

Median Income
$58,462
22% below
$37,142 per capita
Home Value
$161,300
43% below
Zillow: $236,956
Median Rent
$480/mo
59% below
27.5% of income on rent
Bachelor's Degree+
34.3%
2% above
95.2% high school+
Unemployment
4.7%
31% above
9.2% poverty rate
Obesity Rate
37.5%
17% above
15.1% smoking rate
Avg Temperature
43°F

How Milbank Compares to the U.S. Average

Each bar shows Milbank's value as a percentage of the national average (100% = U.S. avg)

Income
78%
Home Value
57%
Rent
41%
Poverty
74%
Bachelor's
102%
Unemployment
131%
Thin vertical line = U.S. national average (100%)

Is Milbank a Good Place to Live?

A
4.1 / 5.0 - Great
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Milbank residents earn a median household income of $58,462 , which is 22% below the national average of $75,149. Per capita income is $37,142. The unemployment rate stands at 4.7% (31% above the U.S. rate of 3.6%). 9.2% of residents live below the poverty line. The area is home to 382 business establishments, including 23 restaurants.

Housing & Cost of Living

The median home value in Milbank is $161,300 , 43% below the national median of $281,900. Zillow estimates the typical home at $236,956. Median rent is $480/month, with 27.5% of renters spending more than 30% of income on housing. The cost of living index is 88.6 (100 = national average). The median home was built in 1974.

Education

34.3% of adults in Milbank hold a bachelor's degree or higher (2% above the national average). 95.2% have completed high school. Local schools score 6.1/10 in standardized testing.

Climate & Weather

Milbank has an average annual temperature of 43°F (6°C). Winters average 12°F in January while summers reach 71°F in July. Annual precipitation totals 25.4 inches.

Data Overview

People

Population3,513
Median Age42.3 yrs
Density1,268/mi²
Male / Female48% / 52%
Foreign Born10.1%
Veterans8.7%

Economy

B+
Median Income$58,462
Per Capita$37,142
Unemployment4.7%
Poverty9.2%
County GDP$831M
Avg Weekly Wage$1,048

Housing

A+
Home Value$161,300
Rent$480
Ownership76.3%
Zillow$236,956
Housing Units1,600
Rent Burden27.5%

Health

Obesity37.5%
Diabetes9.3%
Smoking15.1%
Heart Disease5.4%
Premature Death5,749/100K

Climate

Avg Temp43°F
Rain25.4 in/yr
Elevation1,152 ft

Education

B+
Bachelor's+34.3%
High School+95.2%
Graduate+12.8%
School Score6.1/10

Community

2024 VoteR 71% / D 26%
Commute11 min
Broadband83.1%
Internet Speed53 Mbps
EV Stations1
Libraries4

Did You Know?

Milbank was founded in 1880.
The median home in Milbank was built in 1974.
The nearest airport is Watertown Regional (33 miles).
The Gini coefficient (income inequality) is 0.458 (U.S. avg: 0.490).
Natural hazard risk is rated "Very Low" by FEMA.
14.9% of the population has a disability.
10.1% of residents are foreign-born.
The county recorded 1 fatal vehicle crashes.