Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 42.1 yrs |
|---|---|
| Avg HH Size | 2.61 |
| Below Poverty | 10.2% ≈ Avg |
| College Grads | 26.7% ▼ 31% below avg |
| Unemployment | 5.2% ≈ Avg |
| No HS Diploma | 59 (1.8%) |
| HS Graduate | 1,664 (50.5%) |
| Some College | 419 (12.7%) |
| Associates | 274 (8.3%) |
| Bachelors | 340 (10.3%) |
| Graduate Degree | 539 (16.4%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $67,520 ▼ 12% below avg |
|---|---|
| Median Home Value | $188,800 ▼ 32% below avg |
| Home/Income Ratio | 2.8x (nat avg ~3.5x) |
| Median Rent | $939/mo |
| Total Housing Units | 2,036 |
| Vacant Units | 95 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Milan is a city in Indiana, located in Ripley County. The city spans 1 ZIP code and is home to approximately 5,179 residents. It is a middle-aged city, with a median age of 42.1 years.
Economically, Milan is a solidly middle-class community. The median household income of $67,520 is near the national average. Approximately 10.2% of residents live below the poverty line. The unemployment rate is 5.2%, near the national average.
The real estate market in Milan is an affordable housing market. Median home values stand at $188,800, which is below the national average. Renters typically pay around $939 per month. Homeownership is high at 77.6%, typical of suburban and family-oriented communities.
The population of Milan is moderately educated. 26.7% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (97.08%).
Milan, IN offers residents a cost-conscious lifestyle within Indiana.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 47031 | 5,179 | $67,520 | $188,800 | $939 | 5.2% | 26.7% | 77.6% |