Milan, Tennessee (38358) is a small town located in Gibson County with a population of 7,000 people. It is known for its rural feel and friendly folks. As such, 2 bedroom rent in Milan is much lower than the US average at $750 per month versus $1,430 per month on average across the country. Additionally, grocery costs are also lower than the national average with a Grocery Cost Index of 93 compared to 100 nationally. There are a number of local businesses that make up Milan’s vibrant business community such as Gibson Printing Company and Milan Yellow Cab. With their affordable housing and low cost of living, Milan provides an excellent place to call home for those looking for a safe and welcoming community.
Milan (zip 38358) has an unemployment rate of 5.1%. The US average is 6.0%.
Milan (zip 38358) has seen the job market decrease by -3.8% over the last year. Future job growth over the next ten years is predicted to be 36.6%, which is higher than the US average of 33.5%.
Tax Rates for Milan (zip 38358)
- The Sales Tax Rate for Milan (zip 38358) is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Milan (zip 38358) is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Milan (zip 38358)
- The average income of a Milan (zip 38358) resident is $24,898 a year. The US average is $37,638 a year.
- The Median household income of a Milan (zip 38358) resident is $57,517 a year. The US average is $69,021 a year.