Living in Milan, Indiana
Cost of living, income, home prices, rent and demographics of Milan · Census data 2020–2024
Milan has 1,942 residents with a median age of 43.7. The median household income is $59,286 (18% lower than the Indiana median), the median home value is $157,400, the median rent is $755/month.
Milan at a glance
- Population
- 1,942
- Median age
- 43.7State: 38.1
- Median household income
- $59,286State: $71,957
- Median home value
- $157,400State: $218,200
- Median rent
- $755/moState: $1,062
- Homeowners
- 82.3%
- Bachelor's degree or higher
- 8.4%
- Average commute
- 33 min
Is Milan a good place to live?
Pros: Home values 28% lower than the state median; unemployment of 3.8%.
Cons: Median household income 18% lower than the Indiana median; an average commute of 33 minutes; a poverty rate of 15%.
The weather is best in June to September.
Cost of living in Milan
Housing is the biggest part of the cost of living. In Milan the median home value is $157,400, 53% lower than the U.S. median. Renters pay a median of $755 per month, which is 23.1% of household income. Homeowners with a mortgage pay $1,188 a month in housing costs.
Milan median household income
The median household income in Milan is $59,286 and the income per person is $28,936. 15% of residents live below the poverty line (Indiana: 12.3%).
Housing in Milan: homes for sale and rent
- Housing units
- 799
- Owner-occupied
- 82.3%
- Renter-occupied
- 17.7%
- Vacant
- 4.4%Includes seasonal homes
- Median year built
- 1956
- Average household size
- 2.40
Milan demographics
- Population
- 1,942
- Median age
- 43.7
- Under 18
- 17.5%
- 65 and older
- 23.7%
- Households
- 764
- Foreign-born
- 0.3%
- Veterans
- 9.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Milan ›
Education in Milan
8.4% of adults 25 and older in Milan have a bachelor's degree or higher (Indiana: 29.5%), and 4.4% have a graduate or professional degree.
Jobs and commute in Milan
- Unemployment rate
- 3.8%State: 4.3%
- Average commute
- 33 minState: 24 min
- Work from home
- 6.1%
- Drive alone
- 84.2%
- Public transit
- 0%
- Walk to work
- 0.6%
- Homes with broadband
- 86%
Milan vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Milan | 1,942 | $59,286 | $157,400 | $755 |
| Moores Hill | 629 | $68,750 | $143,800 | $1,192 |
| Delaware | 489 | $64,167 | $206,500 | — |
| Sunman | 1,247 | $73,413 | $194,500 | $916 |
| Dillsboro | 1,697 | $48,810 | $149,500 | $956 |
| Versailles | 2,037 | $45,758 | $169,200 | $757 |
| Osgood | 1,637 | $52,625 | $149,800 | $865 |
| Morris | 587 | $65,296 | $224,100 | — |
| Aurora | 3,648 | $47,470 | $131,400 | $718 |
More for people moving to Milan
Milan ZIP code ›Weather and climate ›Living in Milan: FAQ
What is the median household income in Milan, IN?
The median household income in Milan is $59,286, 18% lower than the Indiana median of $71,957 (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 $157,400, compared with $218,200 in Indiana.
How much is rent in Milan?
The median gross rent in Milan is $755 per month, about 23.1% of household income.
Is Milan, IN a good place to live?
Pluses: home values 28% lower than the state median; unemployment of 3.8%. Minuses: median household income 18% lower than the Indiana median; an average commute of 33 minutes; a poverty rate of 15%.
What is the median age in Milan?
The median age in Milan is 43.7 years (Indiana: 38.1).
How long is the commute in Milan?
The average commute to work in Milan is 33 minutes; 6.1% of workers work from home.
What is the unemployment rate in Milan?
The unemployment rate in Milan is 3.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Milan?
8.4% 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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