Milan, OH is a small town located in Erie County in the northwest part of the state. It is known for its historic downtown, the Milan Canal and Lake Erie shoreline. The town has a number of local businesses such as Milan Historical Museum, Stevens Grocery store and Bakery, Chilli Peppers Mexican Grill and Bar, and Bayview Yacht Club. Milan also has an active chamber of commerce that helps to support local businesses. The cost of living in Milan is lower than the national average which makes it an attractive destination for those looking to save money on rent or groceries. The median rent for a two bedroom apartment in Milan is 890 dollars while the same rent would be around 1,430 dollars nationally. Additionally, grocery costs are slightly lower in Milan; with a grocery cost index at 97 versus 100 nationally.
Milan has an unemployment rate of 6.1%. The US average is 6.0%.
Milan has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 24.5%, which is lower than the US average of 33.5%.
Tax Rates for Milan
- The Sales Tax Rate for Milan is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Milan is 4.2%. 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 $25,489 a year. The US average is $28,555 a year.
- The Median household income of a Milan resident is $81,131 a year. The US average is $69,021 a year.