Milan is a small town of 1,981 in Indiana, with a median household income of $53,047
and a 3.7% unemployment rate.
Its cost of living index is 92 (US average = 100), which is
8% below the national average.
Strengths:
Milan stands out for an affordable cost of living, below-average home prices, solid school ratings (B-).
Trade-offs:
Potential downsides include longer commutes. Whether Milan is right for you depends on your priorities — the full breakdown is below.
All Milan city data on this page comes from official government sources —
the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.
Cost of Living
Index: 92.4
Milan's overall cost of living index is 92.4,
where 100 represents the US national average.
Living in Milan costs roughly 8% less than the average American city.
Metric
Milan, IN
National Avg
Median Home Value
$131,300
$244,900
Median Monthly Rent
$800
$1,163
Homeownership Rate
73.2%
65.9%
Median Household Income
$53,047
$74,755
Crime & Safety
Very Safe
Milan's violent crime rate is 3.5 per 100,000 residents
— 99% lower than the national average of ~380 per 100,000.
Violent Crime
3.5 /100k
Property Crime
81.2 /100k
Vertical marker = national average. Source: FBI UCR Program.
Schools & Education
Milan is served primarily by Milan Community Schools.
The student-to-teacher ratio is 14.4:1
(better than the national average of ~16:1).
Metric
Milan, IN
National Avg
School District
Milan Community Schools
—
Elementary Schools
1
—
Middle Schools
2
—
High Schools
1
—
Student/Teacher Ratio
14.4:1
16:1
Bachelor's Degree or Higher
9.8%
35.4%
High School Diploma or Higher
87.8%
91.1%
Weather & Climate
Milan sees average highs of 36.6°F in January
and 82.9°F in July,
with 47.3 inches of annual precipitation
and 15.9 inches of snow per year.
Milan's cost of living index is 92, where 100 is the national average.
That makes Milan roughly 8% less expensive than a typical US city — a meaningful affordability advantage.
The median home price is $131,300 and median rent is $800/month.
Milan's violent crime rate is 3.5 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 81.2 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
Public schools in Milan are operated by Milan Community Schools.
The district has 1 elementary, 2 middle, and 1 high schools.
The student-to-teacher ratio is 14.4:1. 9.8% of adults 25+ hold a bachelor's degree or higher.
Milan, IN has a population of 1,981, a median household income of $53,047, and an unemployment rate of 3.7%.
It offers below-average costs of living, which stretches take-home pay further than in most American cities. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Milan averages 36.6°F in January and 82.9°F in July. Annual rainfall is 47.3 inches
with about 15.9 inches of snow per year.
Based on NOAA 30-year climate normals (1991–2020).
Milan, IN is covered by 1 ZIP code: 47031.
The population of Milan, Indiana is 1,981 with a median age of 44.4. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Milan: cost of living index 92 (100 = US average), median home $131,300, median household income $53,047, crime index 2 (100 = US average, lower is safer), schools rated B-. Whether these are benefits or drawbacks depends on where you're coming from — compare Milan side by side with your current city to see the trade-offs.
