Milan, IN
Population 1,775 · Indiana
About Milan, IN
Milan is a small community in Indiana with a population of 1,775 residents. The median household income is $54,688 per year, which is near the national average. The median age in Milan is 45 years.
Housing in Milan has a median home value of $136,400 and median monthly rent of $906. Of the 705 total housing units, the majority are owner-occupied, with 534 owner-occupied and 149 renter-occupied units.
The unemployment rate in Milan is 2.4% and the poverty rate is 19.4%. 8.8% of residents hold a bachelor's degree or higher. The average commute time is 31.9 minutes.
Cost of Living in Milan, IN
Compared to national averages, Milan has a median household income of $54,688 (27% below the national median of $75,149). Home values average $136,400, which is 44% below the national median. Monthly rent at $906 is 22% below the US average of $1,163. Within Indiana, Milan's income is 21% below the state average of $69,330, and home values are 17% below the state median of $163,409.
Why Live in Milan, IN?
Milan offers affordable housing with a median home value of $136,400, below the US average of $244,900, and rent that’s lower than the national average at $906/month, and a strong job market with an unemployment rate of just 2.4%.
Potential considerations include median household income ($54,688) 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 1,775 with a median age of 45 years. Compare Milan with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Milan
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Monon | 1,764 | $52,569 | $84,600 | Compare |
| Aberdeen | 1,761 | $97,344 | $344,500 | Compare |
| Frankton | 1,789 | $64,500 | $120,200 | Compare |
| Dunkirk | 1,760 | $46,250 | $65,000 | Compare |
| French Lick | 1,790 | $54,412 | $79,600 | Compare |
| Kentland | 1,759 | $56,442 | $103,200 | Compare |
| Haubstadt | 1,754 | $72,104 | $220,000 | Compare |
| Henryville | 1,804 | $77,440 | $190,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Milan With Other Cities
Frequently Asked Questions about Milan
What is the population of Milan, IN?
The population of Milan, IN is 1,775 according to the latest Census data.
What is the median household income in Milan?
The median household income in Milan, IN is $54,688 per year.
What is the median home value in Milan?
The median home value in Milan, IN is $136,400.
What is the average rent in Milan?
The median monthly rent in Milan, IN is $906.
What is the unemployment rate in Milan?
The unemployment rate in Milan, IN is 2.4%.