Milan, NM
Population 2,473 · New Mexico
About Milan, NM
Milan is a small community in New Mexico with a population of 2,473 residents. The median household income is $37,551 per year, which is below the national average. The median age in Milan is 39.6 years.
Housing in Milan has a median home value of $71,300 and median monthly rent of $828. Of the 1,094 total housing units, the majority are owner-occupied, with 557 owner-occupied and 344 renter-occupied units.
The unemployment rate in Milan is 4.5% and the poverty rate is 26.3%. 9.6% of residents hold a bachelor's degree or higher. The average commute time is 22.8 minutes.
How Milan Ranks in New Mexico
Cost of Living in Milan, NM
Compared to national averages, Milan has a median household income of $37,551 (50% below the national median of $75,149). Home values average $71,300, which is 71% below the national median. Monthly rent at $828 is 29% below the US average of $1,163. Within New Mexico, Milan's income is 44% below the state average of $67,435, and home values are 69% below the state median of $233,762.
Why Live in Milan, NM?
Milan offers affordable housing with a median home value of $71,300, below the US average of $244,900, and rent that’s lower than the national average at $828/month, and short commute times averaging just 22.8 minutes.
Potential considerations include median household income ($37,551) 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 2,473 with a median age of 39.6 years. Compare Milan with other cities to see how it stacks up, or explore all cities in New Mexico.
Similar Cities Near Milan
Cities in New Mexico with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Santa Rosa | 2,447 | $41,995 | $101,800 | Compare |
| West Hammond | 2,519 | $49,795 | $185,800 | Compare |
| La Mesilla | 2,531 | $74,385 | $266,900 | Compare |
| Bayard | 2,370 | $33,269 | $118,100 | Compare |
| Center Point | 2,366 | $49,714 | $206,300 | Compare |
| Tularosa | 2,584 | $45,147 | $117,600 | Compare |
| Ranchos de Taos | 2,348 | $51,380 | $0 | Compare |
| Ruidoso Downs | 2,629 | $31,413 | $55,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New Mexico
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, NM?
The population of Milan, NM is 2,473 according to the latest Census data.
What is the median household income in Milan?
The median household income in Milan, NM is $37,551 per year.
What is the median home value in Milan?
The median home value in Milan, NM is $71,300.
What is the average rent in Milan?
The median monthly rent in Milan, NM is $828.
What is the unemployment rate in Milan?
The unemployment rate in Milan, NM is 4.5%.