Living in Milan, Minnesota
Cost of living, income, home prices, rent and demographics of Milan · Census data 2020–2024
Milan has 564 residents with a median age of 27.2. The median household income is $53,594 (40% lower than the Minnesota median), the median home value is $71,400, the median rent is $1,096/month.
Milan is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Milan at a glance
- Population
- 564
- Median age
- 27.2State: 38.8
- Median household income
- $53,594State: $89,062
- Median home value
- $71,400State: $329,300
- Median rent
- $1,096/moState: $1,280
- Homeowners
- 74.8%
- Bachelor's degree or higher
- 15.9%
- Average commute
- 35 min
Is Milan a good place to live?
Pros: Home values 78% lower than the state median.
Cons: Median household income 40% lower than the Minnesota median; an average commute of 35 minutes; unemployment of 25%; a poverty rate of 28.2%.
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 $71,400, 79% lower than the U.S. median. Renters pay a median of $1,096 per month, which is 18.6% of household income. Homeowners with a mortgage pay $1,042 a month in housing costs.
Milan median household income
The median household income in Milan is $53,594 and the income per person is $19,006. 28.2% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Milan: homes for sale and rent
- Housing units
- 191
- Owner-occupied
- 74.8%
- Renter-occupied
- 25.2%
- Vacant
- 20.9%Includes seasonal homes
- Median year built
- 1938
- Average household size
- 3.74
Milan demographics
- Population
- 564
- Median age
- 27.2
- Under 18
- 39.4%
- 65 and older
- 10.1%
- Households
- 151
- Foreign-born
- 34.8%
- Veterans
- 4.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Milan ›
Education in Milan
15.9% of adults 25 and older in Milan have a bachelor's degree or higher (Minnesota: 39.4%), and 5.8% have a graduate or professional degree.
Jobs and commute in Milan
- Unemployment rate
- 25%State: 4.1%
- Average commute
- 35 minState: 23 min
- Work from home
- 1.8%
- Drive alone
- 60.2%
- Public transit
- 0%
- Walk to work
- 1.2%
- Homes with broadband
- 84.8%
Milan vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Milan | 564 | $53,594 | $71,400 | $1,096 |
| Appleton | 1,393 | $43,958 | $77,000 | $717 |
| Watson | 200 | $34,722 | $68,400 | $741 |
| Danvers | 126 | $122,727 | $161,500 | — |
| Dawson | 1,513 | $68,929 | $137,500 | $586 |
| Montevideo | 5,315 | $68,596 | $141,000 | $851 |
| Madison | 1,550 | $61,172 | $97,000 | $838 |
| Boyd | 172 | $54,375 | $27,500 | $535 |
| Bellingham | 146 | $46,786 | $61,800 | $495 |
More for people moving to Milan
Milan ZIP code ›Weather and climate ›Living in Milan: FAQ
What is the median household income in Milan, MN?
The median household income in Milan is $53,594, 40% lower than the Minnesota median of $89,062 (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 $71,400, compared with $329,300 in Minnesota.
How much is rent in Milan?
The median gross rent in Milan is $1,096 per month, about 18.6% of household income.
Is Milan, MN a good place to live?
Pluses: home values 78% lower than the state median. Minuses: median household income 40% lower than the Minnesota median; an average commute of 35 minutes; unemployment of 25%; a poverty rate of 28.2%.
What is the median age in Milan?
The median age in Milan is 27.2 years (Minnesota: 38.8).
How long is the commute in Milan?
The average commute to work in Milan is 35 minutes; 1.8% of workers work from home.
What is the unemployment rate in Milan?
The unemployment rate in Milan is 25% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Milan?
15.9% 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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