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Milan, New Mexico

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
2,327
Population
$36,133
Median Income
$75,500
Home Value
42.1
Median Age

Demographics

Milan has a population of 2,327 with a median age of 42.1. Here is the racial and ethnic breakdown of the population:

Hispanic
49.0%
Other
23.5%
White
20.4%
Asian
5.5%
Black
1.6%
Demographic Value
Total Population2,327
Median Age42.1
White20.4%
Black or African American1.6%
Asian5.5%
Hispanic or Latino49.0%
Other / Two or More Races23.5%
Milan, New Mexico — racial composition (Census ACS 2024)Donut chart of 5 segments totaling 100.Hispanic/Latino: 49.0%Other: 23.5%White: 20.4%Asian: 5.5%Other: 1.6%2,327PopulationHispanic/LatinoHispanic/Latino49.0%OtherOther23.5%WhiteWhite20.4%AsianAsian5.5%OtherOther1.6%

Income & Economy

The median household income in Milan is $36,133, which is 55.2% below the national median of $80,610. The per capita income is $23,641. The poverty rate is 32.2%.

$36,133
Median Household Income
$23,641
Per Capita Income
32.2%
Poverty Rate

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Education

In Milan, 72.3% of residents age 25+ have a high school diploma or higher, and 8.3% hold a bachelor's degree or higher (4.3% with a graduate or professional degree).

HS Diploma+
72.3%
Bachelor's+
8.3%
Graduate+
4.3%
Education Level % of Adults (25+)
High School Diploma or Higher72.3%
Bachelor's Degree or Higher8.3%
Graduate or Professional Degree4.3%

Housing

The median home value in Milan is $75,500, below the national median of $303,400. The median monthly rent is $851. The homeownership rate is 68.4%.

$75,500
Median Home Value
$851/mo
Median Rent
68.4%
Homeownership Rate
Housing Metric Value
Median Home Value$75,500
Median Monthly Rent$851
Homeownership Rate68.4%
Vacancy Rate18.0%

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Frequently Asked Questions

What is the population of Milan, New Mexico?
The population of Milan, New Mexico is 2,327 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Milan, New Mexico?
The median household income in Milan, New Mexico is $36,133. This is 55.2% below the national median of $80,610.
What is the median home value in Milan, New Mexico?
The median home value in Milan, New Mexico is $75,500. The median monthly rent is $851.
What percentage of people in Milan have a college degree?
In Milan, New Mexico, 8.3% of adults age 25 and older hold a bachelor's degree or higher, and 72.3% have a high school diploma or higher.
Is Milan, New Mexico an affordable place to live?
The home price-to-income ratio in Milan, New Mexico is 2.1x (median home value $75,500 vs. median income $36,133), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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