Milan, IL
Population 5,037 · Illinois
About Milan, IL
Milan is a small community in Illinois with a population of 5,037 residents. The median household income is $61,188 per year, which is near the national average. The median age in Milan is 36.5 years.
Housing in Milan has a median home value of $120,300 and median monthly rent of $817. Of the 2,610 total housing units, the majority are owner-occupied, with 1,662 owner-occupied and 808 renter-occupied units.
The unemployment rate in Milan is 1.2% and the poverty rate is 15.1%. 24.1% of residents hold a bachelor's degree or higher. The average commute time is 20.3 minutes.
Cost of Living in Milan, IL
Compared to national averages, Milan has a median household income of $61,188 (19% below the national median of $75,149). Home values average $120,300, which is 51% below the national median. Monthly rent at $817 is 30% below the US average of $1,163. Within Illinois, Milan's income is 18% below the state average of $75,072, and home values are 27% below the state median of $165,779.
Why Live in Milan, IL?
Milan offers affordable housing with a median home value of $120,300, below the US average of $244,900, and rent that’s lower than the national average at $817/month, and a strong job market with an unemployment rate of just 1.2%. Additionally, the city features short commute times averaging just 20.3 minutes.
Potential considerations include median household income ($61,188) that falls below the national average. However, Milan’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Milan has a population of 5,037 with a median age of 36.5 years. Compare Milan with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Milan
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Hoopeston | 5,039 | $55,180 | $63,400 | Compare |
| Pinckneyville | 5,055 | $55,000 | $117,100 | Compare |
| South Barrington | 5,004 | $211,083 | $986,300 | Compare |
| Eureka | 5,095 | $55,172 | $154,600 | Compare |
| Monee | 5,104 | $89,571 | $226,400 | Compare |
| Robbins | 4,956 | $37,594 | $114,200 | Compare |
| Coal City | 5,145 | $73,030 | $211,600 | Compare |
| Colona | 5,189 | $76,558 | $152,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Milan
What is the population of Milan, IL?
The population of Milan, IL is 5,037 according to the latest Census data.
What is the median household income in Milan?
The median household income in Milan, IL is $61,188 per year.
What is the median home value in Milan?
The median home value in Milan, IL is $120,300.
What is the average rent in Milan?
The median monthly rent in Milan, IL is $817.
What is the unemployment rate in Milan?
The unemployment rate in Milan, IL is 1.2%.