Milbank, a city located in the state of South Dakota (SD), is home to a population of approximately 3,506 people. Milbank boasts a median age of 42.3, with around 33.1% of its residents aged 60 or above. 7.6% of the population identifies as US Veterans. 15.5% of Milbank residents are disabled. The city has an average household income of $63,269, while the unemployment rate stands at 4%, and around 11.4% of the population is considered to be living below the poverty level. In terms of housing, the average home value in Milbank is $162,709, with a monthly rent averaging $454.