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Milan, Missouri

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
1,859
Population
$56,063
Median Income
$89,400
Home Value
41.3
Median Age

Demographics

Milan has a population of 1,859 with a median age of 41.3. Here is the racial and ethnic breakdown of the population:

White
52.7%
Hispanic
45.6%
Black
8.0%
Asian
3.0%
Demographic Value
Total Population1,859
Median Age41.3
White52.7%
Black or African American8.0%
Asian3.0%
Hispanic or Latino45.6%
Milan, Missouri — racial composition (Census ACS 2024)Donut chart of 4 segments totaling 109.White: 48.2%Hispanic/Latino: 41.7%Black: 7.3%Asian: 2.7%1,859PopulationWhiteWhite48.2%Hispanic/LatinoHispanic/Latino41.7%BlackBlack7.3%AsianAsian2.7%

Income & Economy

The median household income in Milan is $56,063, which is 30.5% below the national median of $80,610. The per capita income is $27,505. The poverty rate is 10.7%.

$56,063
Median Household Income
$27,505
Per Capita Income
10.7%
Poverty Rate

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Education

In Milan, 82.1% of residents age 25+ have a high school diploma or higher, and 17.8% hold a bachelor's degree or higher (7.3% with a graduate or professional degree).

HS Diploma+
82.1%
Bachelor's+
17.8%
Graduate+
7.3%
Education Level % of Adults (25+)
High School Diploma or Higher82.1%
Bachelor's Degree or Higher17.8%
Graduate or Professional Degree7.3%

Housing

The median home value in Milan is $89,400, below the national median of $303,400. The median monthly rent is $697. The homeownership rate is 62.7%.

$89,400
Median Home Value
$697/mo
Median Rent
62.7%
Homeownership Rate
Housing Metric Value
Median Home Value$89,400
Median Monthly Rent$697
Homeownership Rate62.7%
Vacancy Rate25.8%

Salaries in Missouri

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Frequently Asked Questions

What is the population of Milan, Missouri?
The population of Milan, Missouri is 1,859 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Milan, Missouri?
The median household income in Milan, Missouri is $56,063. This is 30.5% below the national median of $80,610.
What is the median home value in Milan, Missouri?
The median home value in Milan, Missouri is $89,400. The median monthly rent is $697.
What percentage of people in Milan have a college degree?
In Milan, Missouri, 17.8% of adults age 25 and older hold a bachelor's degree or higher, and 82.1% have a high school diploma or higher.
Is Milan, Missouri an affordable place to live?
The home price-to-income ratio in Milan, Missouri is 1.6x (median home value $89,400 vs. median income $56,063), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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