Housing costs in Milan?
A typical home costs
$225,500, which is 33.3% less expensive than the national average of
$338,100 and 1.8% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Milan costs
$960 per month, which is 32.9% cheaper than the national average of
$1,430 and 2.1% cheaper than the state average of
$980.
Can I afford Milan?
To live comfortably in Milan, Indiana, a minimum annual income of
$43,200 for a family, and
$29,200 for a single person is recommended.
What does A.I. say about Milan?
The cost of living in Milan, IN is often considered to be lower than the national average. This is due largely in part to the fact that housing costs are quite reasonable. In addition, other everyday expenses such as food, healthcare, and transportation are also generally more affordable than in many other areas. The median home value for a single family home in Milan, IN is approximately $119,000 compared to the national median of $216,200. The overall cost of living index for Milan is at 86.2 which is 14% lower than the national average. With such low prices in most areas of life, Milan is an ideal place for those who want to live comfortably on a budget.