Living in Milan, Illinois
Cost of living, income, home prices, rent and demographics of Milan · Census data 2020–2024
Milan has 5,034 residents with a median age of 36. The median household income is $62,597 (25% lower than the Illinois median), the median home value is $119,300, the median rent is $963/month.
Milan at a glance
- Population
- 5,034
- Median age
- 36State: 39
- Median household income
- $62,597State: $83,390
- Median home value
- $119,300State: $263,300
- Median rent
- $963/moState: $1,274
- Homeowners
- 66%
- Bachelor's degree or higher
- 25.1%
- Average commute
- 22 min
Is Milan a good place to live?
Pros: Home values 55% lower than the state median; an average commute of 22 minutes; unemployment of 1.1%.
Cons: Median household income 25% lower than the Illinois median; a poverty rate of 12.3%.
The weather is best in May–June and August–September.
Cost of living in Milan
Housing is the biggest part of the cost of living. In Milan the median home value is $119,300, 64% lower than the U.S. median. Renters pay a median of $963 per month, which is 25.8% of household income. Homeowners with a mortgage pay $1,255 a month in housing costs.
Milan median household income
The median household income in Milan is $62,597 and the income per person is $42,200. 12.3% of residents live below the poverty line (Illinois: 11.8%).
Housing in Milan: homes for sale and rent
- Housing units
- 2,701
- Owner-occupied
- 66%
- Renter-occupied
- 34%
- Vacant
- 5.6%Includes seasonal homes
- Median year built
- 1967
- Average household size
- 1.96
Milan demographics
- Population
- 5,034
- Median age
- 36
- Under 18
- 21.6%
- 65 and older
- 21.5%
- Households
- 2,550
- Foreign-born
- 2.8%
- Veterans
- 9%Adults 18+
Hispanic or Latino can be of any race. Population history of Milan ›
Education in Milan
25.1% of adults 25 and older in Milan have a bachelor's degree or higher (Illinois: 37.8%), and 6.8% have a graduate or professional degree.
Jobs and commute in Milan
- Unemployment rate
- 1.1%State: 5.8%
- Average commute
- 22 minState: 28 min
- Work from home
- 6.8%
- Drive alone
- 71.6%
- Public transit
- 0.9%
- Walk to work
- 9.2%
- Homes with broadband
- 92.8%
Milan vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Milan | 5,034 | $62,597 | $119,300 | $963 |
| Oak Grove | 277 | $40,972 | $14,200 | $1,036 |
| Coyne Center | 904 | $115,156 | $221,400 | — |
| Rock Island | 36,151 | $59,041 | $125,900 | $842 |
| Moline | 42,197 | $67,701 | $146,300 | $900 |
| Coal Valley | 4,229 | $106,850 | $215,700 | — |
| Andalusia | 1,021 | $77,222 | $168,000 | $825 |
| Preemption | 127 | $86,406 | $110,900 | — |
| Davenport | 100,913 | $66,200 | $166,400 | $978 |
More for people moving to Milan
Milan ZIP code ›Weather and climate ›Living in Milan: FAQ
What is the median household income in Milan, IL?
The median household income in Milan is $62,597, 25% lower than the Illinois median of $83,390 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Milan?
The median home value in Milan is $119,300, compared with $263,300 in Illinois.
How much is rent in Milan?
The median gross rent in Milan is $963 per month, about 25.8% of household income.
Is Milan, IL a good place to live?
Pluses: home values 55% lower than the state median; an average commute of 22 minutes; unemployment of 1.1%. Minuses: median household income 25% lower than the Illinois median; a poverty rate of 12.3%.
What is the median age in Milan?
The median age in Milan is 36 years (Illinois: 39).
How long is the commute in Milan?
The average commute to work in Milan is 22 minutes; 6.8% of workers work from home.
What is the unemployment rate in Milan?
The unemployment rate in Milan is 1.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Milan?
25.1% of adults in Milan have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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