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ZipNumbers

Missouri · Census place 48062

Milan city, MO

Quick answer

Milan city has 1,883 residents, ranking #280 of 1082 places in Missouri. Median household income is $52,647, the median home is worth $89,700 and median gross rent runs $699 a month.

Population
1,883Milan city residents
Median household income
$52,647Past 12 months, inflation adjusted
Median home value
$89,700Owner-occupied units
Median gross rent
$699Rent plus utilities, monthly
Median age
44.3 yrsAll residents
Homeownership rate
57.7%Owner-occupied households

What the numbers mean in Milan city

Housing cost measured against local earnings.

A household earning the Milan city median would spend about 15.9% 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 1.7× the median household income; nationally that ratio sits near 4.5×. Poverty affects 12.5% of residents and 57.7% 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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