Median Income
$65,000
household / year
Median Home Value
$60,000
owner-occupied
Median Rent
$1,083
gross / month
Cost of Living
92
national avg = 100

Is Milan, MN a Good Place to Live?

Milan is a small town of 398 in Minnesota, with a median household income of $65,000 and a 17.0% 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.

Trade-offs: Potential downsides include longer commutes, an elevated unemployment rate. 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: 91.6

Milan's overall cost of living index is 91.6, where 100 represents the US national average. Living in Milan costs roughly 8% less than the average American city.

Metric Milan, MN National Avg
Median Home Value $60,000 $244,900
Median Monthly Rent $1,083 $1,163
Homeownership Rate 90.2% 65.9%
Median Household Income $65,000 $74,755

Crime & Safety

Crime data for Milan is not currently available from the FBI's Uniform Crime Reporting program. Not all local agencies report to the UCR each year.

Schools & Education

Metric Milan, MN National Avg
School District N/A —
Elementary Schools N/A —
Middle Schools N/A —
High Schools N/A —
Student/Teacher Ratio N/A 16:1
Bachelor's Degree or Higher 19.9% 35.4%
High School Diploma or Higher 78.7% 91.1%

Weather & Climate

Milan sees average highs of 23.9°F in January and 84.9°F in July, with 27.4 inches of annual precipitation and 51.0 inches of snow per year.

MetricMilan, MN
Average High — January23.9°F
Average High — July84.9°F
Annual Precipitation27.4"
Annual Snowfall51.0"

Demographics

MetricMilan, MNNational Avg
Population398—
Median Age32.438.9
Unemployment Rate17.0%3.7%
Avg Commute Time36.7 min26 min
White (non-Hispanic)41.5%59.3%
Black or African American0.0%13.6%
Hispanic or Latino9.5%18.9%
Asian0.8%6.3%
Under 1824.6%22.2%
65 and over15.3%16.8%

Nearby Cities

Appleton, MN 8 mi Watson, MN 9 mi Holloway, MN 9 mi Louisburg, MN 13 mi Danvers, MN 14 mi

ZIP Codes in Milan

Milan, MN is covered by 1 ZIP code:

56262

Milan vs Other Cities

Milan, MN vs Appleton, MN Milan, MN vs Watson, MN Milan, MN vs Holloway, MN Milan, MN vs Louisburg, MN Milan, MN vs Danvers, MN

Frequently Asked Questions

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 $60,000 and median rent is $1,083/month.
Crime data for Milan is not available in the current FBI UCR reporting year. Not all jurisdictions submit data annually.
School district information is sourced from NCES Common Core of Data.
Milan, MN has a population of 398, a median household income of $65,000, and an unemployment rate of 17.0%. 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 23.9°F in January and 84.9°F in July. Annual rainfall is 27.4 inches with about 51.0 inches of snow per year. Based on NOAA 30-year climate normals (1991–2020).
Milan, MN is covered by 1 ZIP code: 56262.
The population of Milan, Minnesota is 398 with a median age of 32.4. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Milan: cost of living index 92 (100 = US average), median home $60,000, median household income $65,000. 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.