Milan, MN
Population 498 · Minnesota
About Milan, MN
Milan is a small community in Minnesota with a population of 498 residents. The median household income is $50,625 per year, which is near the national average. The median age in Milan is 31.2 years.
Housing in Milan has a median home value of $70,000 and median monthly rent of $1,102. Of the 189 total housing units, the majority are owner-occupied, with 112 owner-occupied and 32 renter-occupied units.
The unemployment rate in Milan is 16.2% and the poverty rate is 29.6%. 17.4% of residents hold a bachelor's degree or higher. The average commute time is 36.3 minutes.
Cost of Living in Milan, MN
Compared to national averages, Milan has a median household income of $50,625 (33% below the national median of $75,149). Home values average $70,000, which is 71% below the national median. Monthly rent at $1,102 is 5% below the US average of $1,163. Within Minnesota, Milan's income is 32% below the state average of $74,221, and home values are 66% below the state median of $204,472.
Why Live in Milan, MN?
Milan offers affordable housing with a median home value of $70,000, below the US average of $244,900, and rent that’s lower than the national average at $1,102/month.
Potential considerations include median household income ($50,625) 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 498 with a median age of 31.2 years. Compare Milan with other cities to see how it stacks up, or explore all cities in Minnesota.
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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, MN?
The population of Milan, MN is 498 according to the latest Census data.
What is the median household income in Milan?
The median household income in Milan, MN is $50,625 per year.
What is the median home value in Milan?
The median home value in Milan, MN is $70,000.
What is the average rent in Milan?
The median monthly rent in Milan, MN is $1,102.
What is the unemployment rate in Milan?
The unemployment rate in Milan, MN is 16.2%.