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Milan, Minnesota

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
564
Population
$53,594
Median Income
$71,400
Home Value
27.2
Median Age

Demographics

Milan has a population of 564 with a median age of 27.2. Here is the racial and ethnic breakdown of the population:

Other
52.7%
White
28.7%
Hispanic
18.6%
Demographic Value
Total Population564
Median Age27.2
White28.7%
Hispanic or Latino18.6%
Other / Two or More Races52.7%
Milan, Minnesota — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 100.Other: 52.7%White: 28.7%Hispanic/Latino: 18.6%564PopulationOtherOther52.7%WhiteWhite28.7%Hispanic/LatinoHispanic/Latino18.6%

Income & Economy

The median household income in Milan is $53,594, which is 33.5% below the national median of $80,610. The per capita income is $19,006. The poverty rate is 28.2%.

$53,594
Median Household Income
$19,006
Per Capita Income
28.2%
Poverty Rate

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Education

In Milan, 69.2% of residents age 25+ have a high school diploma or higher, and 15.9% hold a bachelor's degree or higher (5.8% with a graduate or professional degree).

HS Diploma+
69.2%
Bachelor's+
15.9%
Graduate+
5.8%
Education Level % of Adults (25+)
High School Diploma or Higher69.2%
Bachelor's Degree or Higher15.9%
Graduate or Professional Degree5.8%

Housing

The median home value in Milan is $71,400, below the national median of $303,400. The median monthly rent is $1,096. The homeownership rate is 74.8%.

$71,400
Median Home Value
$1,096/mo
Median Rent
74.8%
Homeownership Rate
Housing Metric Value
Median Home Value$71,400
Median Monthly Rent$1,096
Homeownership Rate74.8%
Vacancy Rate20.9%

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Frequently Asked Questions

What is the population of Milan, Minnesota?
The population of Milan, Minnesota is 564 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Milan, Minnesota?
The median household income in Milan, Minnesota is $53,594. This is 33.5% below the national median of $80,610.
What is the median home value in Milan, Minnesota?
The median home value in Milan, Minnesota is $71,400. The median monthly rent is $1,096.
What percentage of people in Milan have a college degree?
In Milan, Minnesota, 15.9% of adults age 25 and older hold a bachelor's degree or higher, and 69.2% have a high school diploma or higher.
Is Milan, Minnesota an affordable place to live?
The home price-to-income ratio in Milan, Minnesota is 1.3x (median home value $71,400 vs. median income $53,594), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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