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ZipNumbers

Indiana · Census place 49266

Milan town, IN

Quick answer

Milan town has 1,775 residents, ranking #252 of 976 places in Indiana. Median household income is $54,688, the median home is worth $136,400 and median gross rent runs $906 a month.

Population
1,775Milan town residents
Median household income
$54,688Past 12 months, inflation adjusted
Median home value
$136,400Owner-occupied units
Median gross rent
$906Rent plus utilities, monthly
Median age
45 yrsAll residents
Homeownership rate
78.2%Owner-occupied households

What the numbers mean in Milan town

Housing cost measured against local earnings.

A household earning the Milan town median would spend about 19.9% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.5× the median household income; nationally that ratio sits near 4.5×. Poverty affects 19.4% of residents and 78.2% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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