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Milan, Illinois

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
5,034
Population
$62,597
Median Income
$119,300
Home Value
36.0
Median Age

Demographics

Milan has a population of 5,034 with a median age of 36.0. Here is the racial and ethnic breakdown of the population:

White
86.5%
Hispanic
10.7%
Black
1.9%
Asian
1.4%
Demographic Value
Total Population5,034
Median Age36.0
White86.5%
Black or African American1.9%
Asian1.4%
Hispanic or Latino10.7%
Milan, Illinois — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 100.White: 86.1%Hispanic/Latino: 10.6%Other: 3.3%5,034PopulationWhiteWhite86.1%Hispanic/LatinoHispanic/Latino10.6%OtherOther3.3%

Income & Economy

The median household income in Milan is $62,597, which is 22.3% below the national median of $80,610. The per capita income is $42,200. The poverty rate is 12.3%.

$62,597
Median Household Income
$42,200
Per Capita Income
12.3%
Poverty Rate

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Education

In Milan, 90.8% of residents age 25+ have a high school diploma or higher, and 25.1% hold a bachelor's degree or higher (6.8% with a graduate or professional degree).

HS Diploma+
90.8%
Bachelor's+
25.1%
Graduate+
6.8%
Education Level % of Adults (25+)
High School Diploma or Higher90.8%
Bachelor's Degree or Higher25.1%
Graduate or Professional Degree6.8%

Housing

The median home value in Milan is $119,300, below the national median of $303,400. The median monthly rent is $963. The homeownership rate is 66.0%.

$119,300
Median Home Value
$963/mo
Median Rent
66.0%
Homeownership Rate
Housing Metric Value
Median Home Value$119,300
Median Monthly Rent$963
Homeownership Rate66.0%
Vacancy Rate5.6%

Salaries in Illinois

Explore salary data for popular occupations in Illinois:

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Other Cities in Illinois

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Frequently Asked Questions

What is the population of Milan, Illinois?
The population of Milan, Illinois is 5,034 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Milan, Illinois?
The median household income in Milan, Illinois is $62,597. This is 22.3% below the national median of $80,610.
What is the median home value in Milan, Illinois?
The median home value in Milan, Illinois is $119,300. The median monthly rent is $963.
What percentage of people in Milan have a college degree?
In Milan, Illinois, 25.1% of adults age 25 and older hold a bachelor's degree or higher, and 90.8% have a high school diploma or higher.
Is Milan, Illinois an affordable place to live?
The home price-to-income ratio in Milan, Illinois is 1.9x (median home value $119,300 vs. median income $62,597), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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