Lake Milton, OH Profile: Facts & Data

The Lake Milton CDP⁽¹⁾ had a population of 628 as of July 1, 2023. Lake Milton ranks in the lower quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Ohio. See peer rankings below.

The primary coordinate point for Lake Milton is located at latitude 41.0995 and longitude -80.9704 in Mahoning County. The formal boundaries for the Lake Milton Census Designated Place encompass a land area of 1.49 sq. miles and a water area of 0.97 sq. miles. Mahoning County is in the Eastern time zone (GMT -5).

The Lake Milton Census Designated Place has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of ""

A Census Designated Place (CDP) is a statistical counterpart to a self-governing (incorporated) place such as a city, town, or village. A CDP is not a legal entity and has no governmental functions.

Lake Milton, OH Data & Demographics (As of July 1, 2023)

POPULATION
Total Population	628 (100%)
Population in Households	628 (100.0%)
Population in Families	464 (73.9%)
Population in Group Quarters¹	0
Population Density	423
Diversity Index²	16


INCOME
Median Household Income	$54,718
Average Household Income	$88,307
% of Income for Mortgage⁴	37%
Per Capita Income	$41,903
Wealth Index⁵	82
Socioeconomic Status Index⁶	Moderate (50.7)

HOUSING
Total HU (Housing Units)	436 (100%)
Owner Occupied HU	240 (55.0%)
Renter Occupied HU	58 (13.3%)
Vacant Housing Units	138 (31.7%)
Median Home Value	$334,146
Average Home Value	$343,021
Housing Affordability Index³	61

HOUSEHOLDS
Total Households	298
Average Household Size	2.11
Family Households	172
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Lake Milton, OH - Peer Comparisons by Rank and Percentile

The table below compares Lake Milton to the other 1,265 incorporated cities, towns and CDPs in Ohio by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2023	2023-2028
Population	-0.44%	-0.10%
Households	0.42%	0.07%
Families		0.23%
Median Household Income		3.95%
Per Capita Income		4.82%
Owner Occupied HU		-0.42%

Variable Description	Rank	Percentile
Total Population	# 808	36th
Population Density	# 1073	15th
Median Household Income	# 876	31st
Housing Affordability Index	# 89	7th
Per Capita Income	# 303	76th
Diversity Index	# 800	37th

Lake Milton, OH Profile: Facts & Data

Lake Milton, Ohio - Basic Facts

Lake Milton, OH Data & Demographics (As of July 1, 2023)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Lake Milton, OH - Peer Comparisons by Rank and Percentile

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Mahoning County