As of the census[6] of 2000, there were 2,323 people, 904 households, and 646 families residing in Midway. The population density was 3,421.6 inhabitants per square mile (1,321.1/km2). There were 923 housing units at an average density of 1,359.5 per square mile (524.9/km2). The racial makeup of the community was 97.55% White, 0.65% African American, 0.04% Native American, 0.13% Asian, 1.16% from other races, and 0.47% from two or more races. Hispanic or Latino of any race were 2.58% of the population.
There were 904 households, out of which 34.1% had children under the age of 18 living with them, 58.5% were married couples living together, 9.3% had a female householder with no husband present, and 28.5% were non-families. 21.9% of all households were made up of individuals, and 9.1% had someone living alone who was 65 years of age or older. The average household size was 2.57 and the average family size was 3.02.
The population was spread out, with 25.7% under the age of 18, 7.3% from 18 to 24, 32.6% from 25 to 44, 21.1% from 45 to 64, and 13.3% who were 65 years of age or older. The median age was 36 years. For every 100 females, there were 94.4 males. For every 100 females age 18 and over, there were 95.4 males.
The median income for a household in the community was $42,621, and the median income for a family was $46,875. Males had a median income of $33,429 versus $24,865 for females. The per capita income for the community was $17,928. About 1.8% of families and 3.4% of the population were below the poverty line, including 3.9% of those under age 18 and 6.1% of those age 65 or over.