Housing costs in Milan?
A typical home costs
$146,500, which is 56.7% less expensive than the national average of
$338,100 and 39.4% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Milan costs
$910 per month, which is 36.4% cheaper than the national average of
$1,430 and 38.5% cheaper than the state average of
$1,260.
Can I afford Milan?
To live comfortably in Milan (zip 61264), Illinois, a minimum annual income of
$28,080 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about Milan?
The cost of living in Milan, IL 61264 is relatively affordable. According to Sperling's Best Places Cost of Living Index, Milan is about 12% lower than the national average. The median home value is $114,400 and the median rent for a one-bedroom apartment is $623 per month. Other costs such as food, transportation, and utilities are also reasonably priced. Overall, Milan offers a good balance between affordability and quality of life—the perfect place to call home.