Milbank is located in east South Dakota. Milbank is between the Grant, Roberts county. Milbank has 2.76 square miles of land area and 0.08 square miles of water area. As of 2010-2014, the total Milbank population is 3,310, which has shrunk 9.07% since 2000. The population growth rate is much lower than the state average rate of 10.58% and is much lower than the national average rate of 11.61%. Milbank median household income is $45,000 in 2010-2014 and has grown by 59.61% since 2000. The income growth rate is higher than the state average rate of 42.67% and is much higher than the national average rate of 27.36%. Milbank median house value is $96,700 in 2010-2014 and has grown by 50.62% since 2000. The house value growth rate is lower than the state average rate of 70.48% and is higher than the national average rate of 46.91%. As a reference, the national Consumer Price Index (CPI) inflation rate for the same period is 26.63%. On average, the public school district that covers Milbank is much better than the state average in quality. The Milbank area code is 605.