Milan, IL is a small town located in Northern Illinois. With its close proximity to major cities like Chicago, it offers many opportunities for work and entertainment. The two-bedroom rent in Milan is $950, while the same size apartment in the US as a whole averages $1,430. Additionally, Milan's grocery cost index is significantly lower than that of the US as a whole; 95 versus 100 respectively. In terms of local companies, there are several successful businesses such as Anderson Seed Co., Arcadian Moon Winery & Brewing Co., and Xceligent Inc. All of these companies offer great job opportunities for locals and visitors alike, making Milan an attractive place to live.
Milan has an unemployment rate of 6.6%. The US average is 6.0%.
Milan has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 26.4%, which is lower than the US average of 33.5%.
Tax Rates for Milan
- The Sales Tax Rate for Milan is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Milan is 5.0%. 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 $24,077 a year. The US average is $28,555 a year.
- The Median household income of a Milan resident is $54,691 a year. The US average is $69,021 a year.