Milan, IN is a small town located in Ripley County. It’s a great place to call home with its affordable 2 bedroom rent of $960 and Grocery Cost Index of 95. It is 8.3% lower than the national average which makes it appealing to those looking for more reasonable costs for everyday goods and services. Milan offers plenty of attractions from its two golf courses (Hidden Valley Golf Course and Hoosier Links) to its historic downtown area full of shops, eateries, parks, museums, and galleries. Local employers include Cummins Inc., Jasper Engines & Transmissions, Milan Powered Electric Plant, Crawford Plastics Inc., and Walker Anesthesia Services. With all that this town has to offer in terms of attractions and affordability, Milan is ideal for families or individuals looking for a great place to settle down.
Milan has an unemployment rate of 3.9%. The US average is 6.0%.
Milan has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 34.3%, which is higher than the US average of 33.5%.
Tax Rates for Milan
- The Sales Tax Rate for Milan is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Milan is 4.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Milan
- The average income of a Milan resident is $22,155 a year. The US average is $28,555 a year.
- The Median household income of a Milan resident is $56,250 a year. The US average is $69,021 a year.