Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 38.3 yrs |
|---|---|
| Avg HH Size | 2.88 |
| Below Poverty | 19.2% ▲ 92% above avg |
| College Grads | 17.7% ▼ 54% below avg |
| Unemployment | 10.4% ▲ 112% above avg |
| No HS Diploma | 3 (0.2%) |
| HS Graduate | 610 (30.7%) |
| Some College | 624 (31.4%) |
| Associates | 399 (20.1%) |
| Bachelors | 186 (9.4%) |
| Graduate Degree | 166 (8.4%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $39,041 ▼ 49% below avg |
|---|---|
| Median Home Value | $131,500 ▼ 53% below avg |
| Home/Income Ratio | 3.4x (nat avg ~3.5x) |
| Median Rent | $832/mo |
| Total Housing Units | 1,284 |
| Vacant Units | 240 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Milan is a city in New Mexico, located in Cibola County. The city spans 1 ZIP code and is home to approximately 3,164 residents. It is a middle-aged city, with a median age of 38.3 years.
Economically, Milan is a lower-income community. The median household income of $39,041 is below the national average. Approximately 19.2% of residents live below the poverty line. The unemployment rate is 10.4%, more than double the national average.
The real estate market in Milan is one of the more affordable housing markets in the country. Median home values stand at $131,500, which is well below the national average. Renters typically pay around $832 per month. Homeownership is high at 64.4%, typical of suburban and family-oriented communities.
The population of Milan is less-educated. 17.7% of adults hold a bachelor's degree or higher — well below the national average. The community is majority Hispanic (50.79%).
Milan, NM offers residents a cost-conscious lifestyle within New Mexico.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 87021 | 3,164 | $39,041 | $131,500 | $832 | 10.4% | 17.7% | 64.4% |