Housing costs in Milan?
A typical home costs
$227,500, which is 32.7% less expensive than the national average of
$338,100 and 15.5% more expensive than the average Ohio home, at
$197,000. Renting a two-bedroom unit in Milan costs
$890 per month, which is 37.8% cheaper than the national average of
$1,430 and 10.1% cheaper than the state average of
$980.
Can I afford Milan?
To live comfortably in Milan, Ohio, a minimum annual income of
$43,560 for a family, and
$28,400 for a single person is recommended.
What does A.I. say about Milan?
The cost of living in Milan, OH is relatively low compared to other areas in the United States. According to BestPlaces, Milan's cost of living index is 86 which is 14 points lower than the US average of 100. The median home price in Milan is $100,750 which is much lower than the national median of $231,200. The median household income in Milan is slightly higher than the national average at $61,437. Additionally, the unemployment rate in this city is significantly below the national average at 3.8%. All these factors make it a great option for people looking for an affordable place to live with plenty of job opportunities.