Milan, MO is a small town in western Sullivan County. It has a population of about 1,000 people and is home to several companies such as American Home Shield, RentWise Property Management, and Beaty Steel & Wire. The average cost for two bedroom rent in Milan is $660 per month which is significantly lower than the national average of $1,430 per month. Furthermore, the Grocery Cost Index in Milan is 86 versus 100 nationally. This means that groceries are generally more affordable in Milan than in the US overall.
Milan has an unemployment rate of 5.9%. The US average is 6.0%.
Milan has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 24.9%, which is lower 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 5.9%. 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 $20,470 a year. The US average is $28,555 a year.
- The Median household income of a Milan resident is $42,829 a year. The US average is $69,021 a year.