Living in Milan, New Mexico
Cost of living, income, home prices, rent and demographics of Milan · Census data 2020–2024
Milan has 2,327 residents with a median age of 42.1. The median household income is $36,133 (44% lower than the New Mexico median), the median home value is $75,500, the median rent is $851/month.
Milan at a glance
- Population
- 2,327
- Median age
- 42.1State: 39.4
- Median household income
- $36,133State: $64,059
- Median home value
- $75,500State: $248,100
- Median rent
- $851/moState: $1,067
- Homeowners
- 68.4%
- Bachelor's degree or higher
- 8.3%
- Average commute
- 22 min
Is Milan a good place to live?
Pros: Home values 70% lower than the state median; an average commute of 22 minutes; unemployment of 3.7%.
Cons: Median household income 44% lower than the New Mexico median; a poverty rate of 32.2%.
The weather is best in April–May and September–October.
Cost of living in Milan
Housing is the biggest part of the cost of living. In Milan the median home value is $75,500, 77% lower than the U.S. median. Renters pay a median of $851 per month, which is 45.5% of household income. Homeowners with a mortgage pay $676 a month in housing costs.
Milan median household income
The median household income in Milan is $36,133 and the income per person is $23,641. 32.2% of residents live below the poverty line (New Mexico: 17.8%).
Housing in Milan: homes for sale and rent
- Housing units
- 1,065
- Owner-occupied
- 68.4%
- Renter-occupied
- 31.6%
- Vacant
- 18%Includes seasonal homes
- Median year built
- 1973
- Average household size
- 2.47
Milan demographics
- Population
- 2,327
- Median age
- 42.1
- Under 18
- 21%
- 65 and older
- 17.7%
- Households
- 873
- Foreign-born
- 3.3%
- Veterans
- 3.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Milan ›
Education in Milan
8.3% of adults 25 and older in Milan have a bachelor's degree or higher (New Mexico: 31%), and 4.3% have a graduate or professional degree.
Jobs and commute in Milan
- Unemployment rate
- 3.7%State: 6%
- Average commute
- 22 minState: 24 min
- Work from home
- 3.2%
- Drive alone
- 89%
- Public transit
- 0%
- Walk to work
- 2.5%
- Homes with broadband
- 78.8%
Milan vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Milan | 2,327 | $36,133 | $75,500 | $851 |
| Grants | 8,951 | $47,183 | $136,500 | $783 |
| San Rafael | 1,039 | $83,423 | $120,400 | — |
| Lobo Canyon | 492 | $91,506 | $166,100 | — |
| Anzac Village | 185 | $108,438 | $65,400 | — |
| Las Tusas | 999 | $58,627 | $161,200 | — |
| Prewitt | 1,027 | $19,074 | — | — |
| McCartys Village | 723 | $45,438 | — | — |
| San Mateo | 602 | $77,745 | — | — |
More for people moving to Milan
Milan ZIP code ›Weather and climate ›Living in Milan: FAQ
What is the median household income in Milan, NM?
The median household income in Milan is $36,133, 44% lower than the New Mexico median of $64,059 (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 $75,500, compared with $248,100 in New Mexico.
How much is rent in Milan?
The median gross rent in Milan is $851 per month, about 45.5% of household income.
Is Milan, NM a good place to live?
Pluses: home values 70% lower than the state median; an average commute of 22 minutes; unemployment of 3.7%. Minuses: median household income 44% lower than the New Mexico median; a poverty rate of 32.2%.
What is the median age in Milan?
The median age in Milan is 42.1 years (New Mexico: 39.4).
How long is the commute in Milan?
The average commute to work in Milan is 22 minutes; 3.2% of workers work from home.
What is the unemployment rate in Milan?
The unemployment rate in Milan is 3.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Milan?
8.3% 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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