Cities / South Dakota / Milbank

Milbank, SD

3,506 people

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Population & People

Population

3,506

Median age

Median household income

$56,011

Poverty rate

13.2%

Unemployment rate

1.4%

Bachelor's degree+

31.2%

Avg. commute

8 min

Hispanic or Latino

10.7%

Source: U.S. Census Bureau, American Community Survey.

Housing & Rent

Median home value

$155,000

Median gross rent

$548/mo

Homeownership rate

69.8%

HUD FMR — 2 bedroom

$990

HUD Fair Market Rent (South Dakota statewide average across 66 areas — not specific to Milbank), 2026. Efficiency $691, 1BR $784, 2BR $990, 3BR $1295, 4BR $1540. This is a different official figure from Census median gross rent above.

Energy

South Dakota commercial electricity

10.89¢/kWh

South Dakota industrial electricity

8.68¢/kWh

South Dakota residential electricity

13.38¢/kWh

Economy

Gross Domestic Product: All Industry Total

80650.3

Real Gross Domestic Product: All Industry Total

58515.2

All-Transactions House Price Index for South Dakota

642.5

Unemployment Rate

Source: FRED, South Dakota-specific series.

Nearby Airports

Sources & Data: National Weather Service (weather, alerts), EPA AirNow (air quality), U.S. Census Bureau (population, housing), HUD (Fair Market Rent), U.S. Energy Information Administration (South Dakota energy prices), Federal Reserve Bank of St. Louis (South Dakota economic indicators), OurAirports (airport directory).