Milan, MO
Population 1,883 · Missouri
About Milan, MO
Milan is a small town located in Missouri with a population of 1,883 residents according to the latest US Census Bureau American Community Survey data. The median household income is $52,647 per year, which is 30% below the national median of $75,149. The median age of 44.3 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Milan features a median home value of $89,700, which is 63% below the national median of $244,900. This makes Milan one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $699, 40% below the national average of $1,163/month. Of the 887 total housing units, 58% are owner-occupied (382 units) and 42% are renter-occupied (280 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Milan shows an unemployment rate of 5.6%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 12.5%, above the national average of 12.4%. Workers in Milan have an average one-way commute time of 14.2 minutes, one of the shorter commutes in the region.
Education & Demographics
15.0% of Milan residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 23.6% White, 0.2% Hispanic or Latino, 5.5% Black or African American, and 16.4% Asian residents, with 24.4% of the population being foreign-born.
Cost of Living in Milan, MO
Compared to national averages, Milan has a median household income of $52,647 (30% below the national median of $75,149). Home values average $89,700, which is 63% below the national median. Monthly rent at $699 is 40% below the US average of $1,163. Within Missouri, Milan's income is 14% below the state average of $61,047, and home values are 41% below the state median of $150,786.
Why Live in Milan, MO?
Milan offers affordable housing with a median home value of $89,700, below the US average of $244,900, and rent that’s lower than the national average at $699/month, and short commute times averaging just 14.2 minutes.
Potential considerations include median household income ($52,647) 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 1,883 with a median age of 44.3 years. Compare Milan with other cities to see how it stacks up, or explore all cities in Missouri.
Similar Cities Near Milan
Cities in Missouri with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Memphis | 1,860 | $49,598 | $117,200 | Compare |
| Hamilton | 1,909 | $56,548 | $139,200 | Compare |
| Albany | 1,855 | $46,905 | $96,700 | Compare |
| Weston | 1,852 | $91,625 | $246,000 | Compare |
| Winchester | 1,914 | $87,344 | $209,300 | Compare |
| Holden | 1,936 | $68,324 | $132,400 | Compare |
| Seneca | 1,938 | $49,821 | $112,300 | Compare |
| Huntsville | 1,806 | $52,266 | $101,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Missouri
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, MO?
The population of Milan, MO is 1,883 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Missouri.
What is the median household income in Milan?
The median household income in Milan, MO is $52,647 per year, which is 30% below the national median of $75,149.
What is the median home value in Milan?
The median home value in Milan, MO is $89,700, which is 63% 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, MO is $699, which is 40% below the national average of $1,163/month.
What is the unemployment rate in Milan?
The unemployment rate in Milan, MO is 5.6%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Milan, MO a good place to live?
Milan offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 1,883 and a median age of 44.3, the city appeals to a broad range of residents.
How educated is Milan, MO?
15.0% of residents in Milan aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Milan?
Key cost-of-living indicators for Milan, MO: median home value is $89,700 (63% below national), median rent is $699/month, and median household income is $52,647. The home-value-to-income ratio is 1.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Milan?
The poverty rate in Milan, MO is 12.5%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Milan, MO?
Milan's population is 23.6% White, 0.2% Hispanic or Latino, 5.5% Black or African American, 16.4% Asian, and 6.7% two or more races. 24.4% of residents are foreign-born.