Milan, IN

Full City Profile · Indiana · Ripley County County

3.4 /5.0
B Good
1,775 Population 892/sq mi density
$54,688 Median Income $26,015 per capita
$136,400 Home Value $274,463 Zillow
$906 Median Rent 24.1% income on rent
51°F Avg Temperature
B
Overall
3.4 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.5 / 5.0
$54,688 median income, 2.4% unemployment
A+
Affordability
5.0 / 5.0
$136,400 home value, $906/mo rent
D
Education
1.7 / 5.0
8.8% bachelor's degree or higher

Milan, IN

At a Glance

Median Income
$54,688
27% below
$26,015 per capita
Home Value
$136,400
52% below
Zillow: $274,463
Median Rent
$906/mo
22% below
24.1% of income on rent
Bachelor's Degree+
8.8%
74% below
89.5% high school+
Unemployment
2.4%
33% below
15.9% poverty rate
Obesity Rate
35.9%
12% above
17.4% smoking rate
Avg Temperature
51°F

How Milan Compares to the U.S. Average

Each bar shows Milan's value as a percentage of the national average (100% = U.S. avg)

Income
73%
Home Value
48%
Rent
78%
Poverty
128%
Bachelor's
26%
Unemployment
67%
Thin vertical line = U.S. national average (100%)

Is Milan a Good Place to Live?

B
3.4 / 5.0 - Good
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Milan residents earn a median household income of $54,688 , which is 27% below the national average of $75,149. Per capita income is $26,015. The unemployment rate stands at 2.4% (33% below the U.S. rate of 3.6%). 15.9% of residents live below the poverty line. The area is home to 800 business establishments, including 46 restaurants.

Housing & Cost of Living

The median home value in Milan is $136,400 , 52% below the national median of $281,900. Zillow estimates the typical home at $274,463. Median rent is $906/month, with 24.1% of renters spending more than 30% of income on housing. The cost of living index is 93.3 (100 = national average). The median home was built in 1965.

Education

8.8% of adults in Milan hold a bachelor's degree or higher (74% below the national average). 89.5% have completed high school. Local schools score 6.5/10 in standardized testing.

Climate & Weather

Milan has an average annual temperature of 51°F (11°C). Winters average 28°F in January while summers reach 72°F in July. Annual precipitation totals 46.7 inches.

Data Overview

People

Population1,775
Median Age45.0 yrs
Density892/mi²
Male / Female49% / 51%
Foreign Born0.4%
Veterans10.7%

Economy

B+
Median Income$54,688
Per Capita$26,015
Unemployment2.4%
Poverty15.9%
County GDP$1,408M
Avg Weekly Wage$1,046

Housing

A+
Home Value$136,400
Rent$906
Ownership78.2%
Zillow$274,463
Housing Units756
Rent Burden24.1%

Health

Obesity35.9%
Diabetes10.0%
Smoking17.4%
Heart Disease5.5%
Premature Death9,690/100K

Climate

Avg Temp51°F
Rain46.7 in/yr
Elevation1,000 ft

Education

D
Bachelor's+8.8%
High School+89.5%
Graduate+5.2%
School Score6.5/10

Community

2024 VoteR 80% / D 19%
Commute32 min
Broadband83.7%
Internet Speed83 Mbps
EV Stations1
Libraries4

Did You Know?

The median home in Milan was built in 1965.
The nearest airport is Cincinnati/Northern Kentucky International (25 miles).
The Gini coefficient (income inequality) is 0.441 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Low" by FEMA.
21.4% of the population has a disability.
The county recorded 8 fatal vehicle crashes.