Living in Milan, Missouri
Cost of living, income, home prices, rent and demographics of Milan · Census data 2020–2024
Milan has 1,859 residents with a median age of 41.3. The median household income is $56,063 (21% lower than the Missouri median), the median home value is $89,400, the median rent is $697/month.
Milan at a glance
- Population
- 1,859
- Median age
- 41.3State: 39
- Median household income
- $56,063State: $70,702
- Median home value
- $89,400State: $230,300
- Median rent
- $697/moState: $1,033
- Homeowners
- 62.7%
- Bachelor's degree or higher
- 17.8%
- Average commute
- 13 min
Is Milan a good place to live?
Pros: Home values 61% lower than the state median; an average commute of 13 minutes; a poverty rate of 10.7%.
Cons: Median household income 21% lower than the Missouri median; unemployment of 5.8%.
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 $89,400, 73% lower than the U.S. median. Renters pay a median of $697 per month, which is 17.3% of household income. Homeowners with a mortgage pay $1,125 a month in housing costs.
Milan median household income
The median household income in Milan is $56,063 and the income per person is $27,505. 10.7% of residents live below the poverty line (Missouri: 12.6%).
Housing in Milan: homes for sale and rent
- Housing units
- 894
- Owner-occupied
- 62.7%
- Renter-occupied
- 37.3%
- Vacant
- 25.8%Includes seasonal homes
- Median year built
- 1966
- Average household size
- 2.69
Milan demographics
- Population
- 1,859
- Median age
- 41.3
- Under 18
- 25.6%
- 65 and older
- 15.7%
- Households
- 663
- Foreign-born
- 28.8%
- Veterans
- 5.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Milan ›
Education in Milan
17.8% of adults 25 and older in Milan have a bachelor's degree or higher (Missouri: 32.4%), and 7.3% have a graduate or professional degree.
Jobs and commute in Milan
- Unemployment rate
- 5.8%State: 4%
- Average commute
- 13 minState: 24 min
- Work from home
- 3.5%
- Drive alone
- 59.5%
- Public transit
- 0.1%
- Walk to work
- 0%
- Homes with broadband
- 77.1%
Milan vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Milan | 1,859 | $56,063 | $89,400 | $697 |
| Green City | 658 | $36,300 | $106,300 | $682 |
| Browning | 224 | $18,594 | $65,000 | $388 |
| Humphreys | 137 | $68,125 | $19,700 | $435 |
| Green Castle | 332 | $49,688 | $54,600 | $658 |
| Galt | 203 | $24,531 | $60,000 | $386 |
| Unionville | 1,824 | $61,406 | $105,400 | $516 |
| Laredo | 109 | $45,000 | $78,300 | $492 |
| Novinger | 423 | $53,125 | $57,700 | — |
More for people moving to Milan
Milan ZIP code ›Weather and climate ›Living in Milan: FAQ
What is the median household income in Milan, MO?
The median household income in Milan is $56,063, 21% lower than the Missouri median of $70,702 (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 $89,400, compared with $230,300 in Missouri.
How much is rent in Milan?
The median gross rent in Milan is $697 per month, about 17.3% of household income.
Is Milan, MO a good place to live?
Pluses: home values 61% lower than the state median; an average commute of 13 minutes; a poverty rate of 10.7%. Minuses: median household income 21% lower than the Missouri median; unemployment of 5.8%.
What is the median age in Milan?
The median age in Milan is 41.3 years (Missouri: 39).
How long is the commute in Milan?
The average commute to work in Milan is 13 minutes; 3.5% of workers work from home.
What is the unemployment rate in Milan?
The unemployment rate in Milan is 5.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Milan?
17.8% 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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