Housing costs in Milan?
A typical home costs
$137,900, which is 59.2% less expensive than the national average of
$338,100 and 42.9% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Milan costs
$950 per month, which is 33.6% cheaper than the national average of
$1,430 and 32.6% cheaper than the state average of
$1,260.
Can I afford Milan?
To live comfortably in Milan, Illinois, a minimum annual income of
$26,280 for a family, and
$30,800 for a single person is recommended.
What does A.I. say about Milan?
The cost of living in Milan, IL is relatively low compared to other cities. The median home value is around $108,000 and the median household income is about $42,946. Groceries are also affordable with prices being roughly the same as the national average. Despite this however, taxes in Milan tend to be higher than most places due to Illinois state taxes. In addition, utilities can be expensive depending on usage and size of residence or business. Overall though, Milan is a great place to live due to its safe neighborhoods and affordable housing options.