The population in 1900 was 227. The Bank of Kilmichael was established in 1904.
In 2001, the all-white board of aldermen cancelled town elections after citing a need for more time to implement election changes. Allegedly, the elections were delayed in order to avoid electing black politicians. The Justice Department intervened under the Voting Rights Act and forced a special election, in which Kilmichael elected its first black mayor and three black aldermen.
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