New Mexico · Census place 48620
Milan village, NM
Quick answer
Milan village has 2,473 residents, ranking #74 of 527 places in New Mexico. Median household income is $37,551, the median home is worth $71,300 and median gross rent runs $828 a month.
- Population
- 2,473Milan village residents
- Median household income
- $37,551Past 12 months, inflation adjusted
- Median home value
- $71,300Owner-occupied units
- Median gross rent
- $828Rent plus utilities, monthly
- Median age
- 39.6 yrsAll residents
- Homeownership rate
- 61.8%Owner-occupied households
What the numbers mean in Milan village
Housing cost measured against local earnings.
A household earning the Milan village median would spend about 26.5% 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 1.9× the median household income; nationally that ratio sits near 4.5×. Poverty affects 26.3% of residents and 61.8% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in New Mexico.
- Tularosa village 2,584
- La Mesilla CDP 2,531
- West Hammond CDP 2,519
- Santa Rosa city 2,447
- Bayard city 2,370
- Center Point CDP 2,366
- Ranchos de Taos CDP 2,348
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