Milan, MI
Population 6,070 · Michigan
About Milan, MI
Milan is a small town located in Michigan with a population of 6,070 residents according to the latest US Census Bureau American Community Survey data. The median household income is $93,016 per year, which is 24% above the national median of $75,149. The median age of 37.2 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Milan features a median home value of $233,700, which is 5% below the national median of $244,900. This positions Milan in a moderately priced market relative to the rest of the country. Median monthly rent is $1,083, 7% below the national average of $1,163/month. Of the 2,707 total housing units, 70% are owner-occupied (1,779 units) and 30% are renter-occupied (752 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Milan shows an unemployment rate of 5.8%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 9.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Milan have an average one-way commute time of 27.8 minutes.
Education & Demographics
37.2% of Milan residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 3.2% White, 0.5% Hispanic or Latino, 0.4% Black or African American, and 0.7% Asian residents, with 1.2% of the population being foreign-born.
Cost of Living in Milan, MI
Compared to national averages, Milan has a median household income of $93,016 (24% above the national median of $75,149). Home values average $233,700, which is 5% below the national median. Monthly rent at $1,083 is 7% below the US average of $1,163. Within Michigan, Milan's income is 41% above the state average of $66,017, and home values are 27% above the state median of $183,391.
Why Live in Milan, MI?
Milan offers a strong local economy with a median household income of $93,016, well above the national average, and affordable housing with a median home value of $233,700, below the US average of $244,900, and rent that’s lower than the national average at $1,083/month. Additionally, the city features a well-educated community where 37.2% of residents hold a bachelor’s degree or higher, and a low poverty rate of 9.4%, better than the national average.
Milan has a population of 6,070 with a median age of 37.2 years. Compare Milan with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Milan
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Northville | 6,080 | $143,875 | $455,100 | Compare |
| Rockford | 6,162 | $100,156 | $294,800 | Compare |
| Lake Fenton | 6,168 | $112,676 | $372,800 | Compare |
| Holly | 5,971 | $61,221 | $174,900 | Compare |
| Ishpeming | 6,173 | $52,717 | $109,200 | Compare |
| Belding | 5,949 | $55,895 | $152,700 | Compare |
| Buena Vista | 5,904 | $38,835 | $51,800 | Compare |
| Manistee | 6,275 | $59,315 | $144,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Michigan
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, MI?
The population of Milan, MI is 6,070 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Michigan.
What is the median household income in Milan?
The median household income in Milan, MI is $93,016 per year, which is 24% above the national median of $75,149.
What is the median home value in Milan?
The median home value in Milan, MI is $233,700, which is 5% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Milan?
The median monthly rent in Milan, MI is $1,083, which is 7% below the national average of $1,163/month.
What is the unemployment rate in Milan?
The unemployment rate in Milan, MI is 5.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Milan, MI a good place to live?
Milan offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 6,070 and a median age of 37.2, the city appeals to a broad range of residents.
How educated is Milan, MI?
37.2% of residents in Milan aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Milan?
Key cost-of-living indicators for Milan, MI: median home value is $233,700 (5% below national), median rent is $1,083/month, and median household income is $93,016. The home-value-to-income ratio is 2.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Milan?
The poverty rate in Milan, MI is 9.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Milan, MI?
Milan's population is 3.2% White, 0.5% Hispanic or Latino, 0.4% Black or African American, 0.7% Asian, and 2.6% two or more races. 1.2% of residents are foreign-born.