Milan, MO is a small town located in the northeastern corner of Sullivan County. With a population of 63556 people, Milan is known for its rural charm and friendly atmosphere. The two-bedroom rental rate in Milan is $650 per month, while the US average sits at $1,430. Additionally, the grocery cost index in Milan is 86 compared to 100 in the US. As such, living expenses are quite low in this area making it an affordable place to live.
There are several local companies in Milan that provide goods and services to residents including Millers Tire & Lube, The Milanaire Restaurant & Bar, Rossi's Italian Eatery & Pizzeria and JBK Services. Also located within Milan’s city limits is the North Star Community Credit Union which helps local families with banking needs.
Overall, Milan provides an idyllic lifestyle with its affordable living expenses and family-friendly atmosphere. From local eateries to banks and tire shops, businesses offer plenty of amenities that make it convenient for residents to get what they need without having to travel far from home.
Milan (zip 63556) has an unemployment rate of 5.9%. The US average is 6.0%.
Milan (zip 63556) 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 (zip 63556)
- The Sales Tax Rate for Milan (zip 63556) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Milan (zip 63556) 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 (zip 63556)
- The average income of a Milan (zip 63556) resident is $19,964 a year. The US average is $28,555 a year.
- The Median household income of a Milan (zip 63556) resident is $47,344 a year. The US average is $69,021 a year.