Living in Milan, Tennessee
Cost of living, income, home prices, rent and demographics of Milan · Census data 2020–2024
Milan has 8,244 residents with a median age of 36.4. The median household income is $43,886 (37% lower than the Tennessee median), the median home value is $144,100, the median rent is $805/month.
Milan at a glance
- Population
- 8,244
- Median age
- 36.4State: 38.9
- Median household income
- $43,886State: $69,595
- Median home value
- $144,100State: $286,700
- Median rent
- $805/moState: $1,189
- Homeowners
- 55.9%
- Bachelor's degree or higher
- 15.6%
- Average commute
- 25 min
Is Milan a good place to live?
Pros: Home values 50% lower than the state median; an average commute of 25 minutes.
Cons: Median household income 37% lower than the Tennessee median; unemployment of 6.4%; a poverty rate of 21.3%.
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 $144,100, 57% lower than the U.S. median. Renters pay a median of $805 per month, which is 35.2% of household income. Homeowners with a mortgage pay $1,168 a month in housing costs.
Milan median household income
The median household income in Milan is $43,886 and the income per person is $26,912. 21.3% of residents live below the poverty line (Tennessee: 13.8%).
Housing in Milan: homes for sale and rent
- Housing units
- 3,456
- Owner-occupied
- 55.9%
- Renter-occupied
- 44.1%
- Vacant
- 6.3%Includes seasonal homes
- Median year built
- 1976
- Average household size
- 2.47
Milan demographics
- Population
- 8,244
- Median age
- 36.4
- Under 18
- 28.3%
- 65 and older
- 17.6%
- Households
- 3,237
- Foreign-born
- 2.4%
- Veterans
- 7.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Milan ›
Education in Milan
15.6% of adults 25 and older in Milan have a bachelor's degree or higher (Tennessee: 31.1%), and 4.5% have a graduate or professional degree.
Jobs and commute in Milan
- Unemployment rate
- 6.4%State: 4.7%
- Average commute
- 25 minState: 26 min
- Work from home
- 1.6%
- Drive alone
- 84.5%
- Public transit
- 0%
- Walk to work
- 0.5%
- Homes with broadband
- 91.3%
Milan vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Milan | 8,244 | $43,886 | $144,100 | $805 |
| Gibson | 479 | $53,750 | $154,200 | $871 |
| Atwood | 1,108 | $35,446 | $91,000 | $825 |
| Medina | 5,407 | $107,807 | $287,200 | $1,206 |
| Trezevant | 980 | $68,750 | $96,300 | $738 |
| Humboldt | 7,787 | $52,917 | $102,300 | $742 |
| McLemoresville | 391 | $56,543 | $107,500 | $779 |
| Three Way | 2,008 | $88,125 | $250,700 | $1,646 |
| Trenton | 4,151 | $58,750 | $126,000 | $829 |
More for people moving to Milan
Milan ZIP code ›Weather and climate ›Living in Milan: FAQ
What is the median household income in Milan, TN?
The median household income in Milan is $43,886, 37% lower than the Tennessee median of $69,595 (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 $144,100, compared with $286,700 in Tennessee.
How much is rent in Milan?
The median gross rent in Milan is $805 per month, about 35.2% of household income.
Is Milan, TN a good place to live?
Pluses: home values 50% lower than the state median; an average commute of 25 minutes. Minuses: median household income 37% lower than the Tennessee median; unemployment of 6.4%; a poverty rate of 21.3%.
What is the median age in Milan?
The median age in Milan is 36.4 years (Tennessee: 38.9).
How long is the commute in Milan?
The average commute to work in Milan is 25 minutes; 1.6% of workers work from home.
What is the unemployment rate in Milan?
The unemployment rate in Milan is 6.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Milan?
15.6% 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.
Last updated: