Milan, MI is a city located in Washtenaw County, Michigan. It has a population of 5,873 and is known for its small town vibe mixed with more modern amenities. The 2-bedroom rent in Milan is lower than the US average at $1,110 compared to $1,430, making it an attractive option for those looking for affordable housing. Additionally there is a grocery cost index of 96 in Milan versus 100 in the US. This makes the city even more desirable for its relatively low cost of living.
Local companies that contribute to the economy of Milan are A & J Manufacturing Company, KMM Printing Solutions LLC, and MYR Group Inc., among others. These businesses not only provide jobs and goods to citizens but also help generate tax revenue which supports essential services such as education and public safety.
Milan has an unemployment rate of 4.3%. The US average is 6.0%.
Milan has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 34.0%, which is higher than the US average of 33.5%.
Tax Rates for Milan
- The Sales Tax Rate for Milan is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Milan is 4.3%. 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 $28,795 a year. The US average is $28,555 a year.
- The Median household income of a Milan resident is $77,045 a year. The US average is $69,021 a year.