Milan, IN demographics:
population, income, and more

Total population
1,942
9.4% year-over-year change
Median household income
$59,286/yr
8.4% year-over-year change
Housing units
799
13.3% year-over-year change

Milan population

How many people live in Milan

Milan is home to 1,942 residents, according to the most recent Census data. Gender-wise, 49.8% of Milan locals are male, and 50.2% are female.

Total population
1,942
9.4% year-over-year change
Gender ratio
Male
49.8%
967
Female
50.2%
975
Value Percent YoY change
Male 967 49.8% 11.7%
Female 975 50.2% 7.3%
A higher population often means more rental variety and livelier areas. The gender balance—how many men live here compared to women—can reveal a lot about the community and the lifestyles of its residents. Use this info to get a sense of the area's pace and personality.

Age demographics

The median age in Milan is 44, with the population distributed as follows: about 15.4% are children under 15, then 12.5% are in the 15 to 24 age group. Adults between 25 and 44 make up 25% of the population, while another 23.4% fall into the 45 to 64 bracket. Finally, around 23.7% are 65 or older.

Median age
43.7
Age breakdown
Under 15
15.4%
15 to 24
12.5%
25 to 44
25%
45 to 64
23.4%
Over 65
23.7%
Value Percent YoY change
Under 15 300 15.4% 0.3%
15 to 24 243 12.5% 24.6%
25 to 44 485 25% 23.1%
45 to 64 454 23.4% 1.8%
Over 65 460 23.7% 4.3%
The age composition helps you get insight into who lives in the area. A younger population might mean a more active, fast-paced vibe, while an older one could suggest a quieter, slower lifestyle. If there's a balanced makeup, you’re likely to find a variety of services, housing types, and community spaces that cater to different life stages.

Racial makeup

At the same time, 0.3% of residents are non-citizens. There’s also a share of 2.1% that includes residents with two or more races.

Citizenship
U.S.-born citizens
99.7%
Non-U.S.-born citizens
0%
Non-citizens
0.3%
Value Percent YoY change
U.S.-born citizens 1,937 99.7% 9.6%
Non-citizens 5 0.3% -28.6%
Racial breakdown
White
97.6%
Black or African American
0%
American Indian and Alaska Native
0%
Asian
0.3%
Native Hawaiian and other Pacific Islander
0%
Two or more races
2.1%
Other
0%
Value Percent
White 1,896 97.6%
Asian 5 0.3%
Two or more races 41 2.1%

Households in Milan

A peek inside Milan households

Milan has 764 households, with an average of 2 members in each. Of these, 60.3% are families, while the remaining 39.7% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
764
11.9% year-over-year change
Average people per household
2
Non-family households
303
Family households
461
Value Percent YoY change
Non-family households 303 39.7% 21.2%
Family households 461 60.3% 6.5%
The mix between family and non-family households gives a glimpse into daily life. A higher percentage of families might mean more parks and schools, while more non-family setups can mean flexible housing and diverse living styles. For renters, this can signal what kinds of homes are common and can help you figure out if the area matches your lifestyle.

Housing in Milan

The housing landscape of Milan

Milan's housing consists of 799 units, with 72.3% being detached single-family homes ideal for those wanting space. Attached options, including duplexes and townhouses, make up 0.8% and offer a more compact, shared living style. Then there are the multifamily buildings in the area, and for those seeking flexibility, non-traditional options like mobile homes account for 8.8% of the housing landscape.

Housing units
799
13.3% year-over-year change
Housing types
Value Percent
1 unit, detached 578 72.3%
1 unit, attached 6 0.8%
2 units 35 4.4%
3 or 4 units 12 1.5%
5 to 9 units 16 2%
10 to 19 units 18 2.2%
20 to 49 units 59 7.4%
50 or more units 5 0.6%
Mobile home 70 8.8%
Homes built since 2020
38
322.2% year-over-year change

The age of buildings in Milan

In Milan, the median construction year is 1956. About 32.5% of homes were built before the 1940s, with another 8.3% going up by 1949. Most development happened in the second half of the 20th century. Then, 9.3% of homes were added from 2000 to 2009, 2% between 2010 and 2019, and 4.8% are part of the newest wave of development.

Construction year breakdown by decade
Value Percent YoY change
Built in 1939 or earlier 260 32.5% 19.3%
Built between 1940 and 1949 66 8.3% 46.7%
Built between 1950 and 1959 125 15.6% 7.8%
Built between 1960 and 1969 8 1% 0.0%
Built between 1970 and 1979 82 10.3% 32.3%
Built between 1980 and 1989 37 4.6% -17.8%
Built between 1990 and 1999 93 11.6% -7.0%
Built between 2000 and 2009 74 9.3% -14.9%
Built between 2010 and 2019 16 2% 6.7%
Built in 2020 or later 38 4.8% 322.2%
As a renter, knowing when homes were built helps you understand the potential condition and design of rental units. Newer builds may have more contemporary layouts, while older homes can offer character or larger lots, depending on the area.

Milan occupancy rates

Out of the 764 occupied housing units in Milan, 82.3% are owner-occupied, while 17.7% are lived in by tenants. Meanwhile, 4.4% of all homes on the local market sit vacant.

Occupied housing units
764
11.9% year-over-year change
Occupancy breakdown
Renter occupied
135
Owner occupied
629
Value Percent YoY
change
Renter occupied 135 17.7% -9.4%
Owner occupied 629 82.3% 17.8%
Unoccupied housing units
4.4%
Unoccupied housing units refer to homes that are currently without residents—whether they're waiting for renters or owners, used seasonally, or simply unclaimed. A higher share of empty homes may mean more housing availability, while a low number can reflect a tighter market with more competition. This, along with the renter-vs.-owner mix, helps paint a clearer picture of what types of housing and services are likely to be available in the area.

Milan housing costs

Housing costs in Milan come to a median of $798 per month, while tenants specifically pay a median gross rent of $755.

Median housing costs per month
$798/month
This figure sums up typical monthly housing costs for all households in the area. If you own, it includes mortgage payments in addition to property taxes, insurance and HOA fees. If you rent, it accounts for rent plus extras like utilities. It’s useful for seeing how local living expenses stack up compared to other places.
Median gross rent in Milan
$755/month
Gross rent gives a more complete look at what renters actually pay, including not just base rent, but also utilities and fees. It’s a key number for evaluating rental affordability in your area of interest and understanding how it compares to nearby locations.

Education in Milan

Milan education at a glance

About 60.6% of the population in Milan went to high school, while 15.7% pursued college studies. Another 12.1% earned an associate degree and 4.6% hold a bachelor’s. Meanwhile, 3.9% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
No high school 51 3.2% 18.6%
High school diploma 971 60.6% 9.1%
College diploma 252 15.7% -4.2%
Associate degree 194 12.1% 45.9%
Bachelor's degree 73 4.6% -6.4%
Graduate degree 62 3.9% 14.8%
A community’s education mix can offer insights into the local economy and housing market. Higher levels of education often align with more job opportunities and stable incomes, which can increase demand for homes and influence both rent prices and rental availability.

Income in Milan

How much people earn in Milan

The average annual household income in Milan was $71,760 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a +10.6% change from the previous year. At the same time, the median income stood at $59,286, reflecting a +8.4% shift over the same period.

Average household income in Milan
$71,760/year
10.6% year-over-year change
Median household income in Milan
$59,286/year
8.4% year-over-year change

Milan income by age

In Milan, households led by residents aged 25 to 44 — usually in the early to mid stages of their careers — have a median income of $82,000. Those with someone between 45 and 64 in charge, often well established professionally, earn $70,333 overall. Younger households, where the main provider is under 25 and just starting out, report a median income of $82,750, while those led by someone over 65, many of whom may be retired, have about $38,906 in earnings. Overall, 85% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
Under 25 $82,750 18.7%
25 - 44 $82,000 53.1%
45 - 64 $70,333 2.3%
Over 65 $38,906 10.7%
Above poverty level
1,563
Below poverty level
277
Value Percent YoY
change
Above poverty level 1,563 85% 16.2%
Below poverty level 277 15% -14.8%

Average renter income in Milan

To get a better sense of what renters earn on average in Milan, their median household income was $36,875 according to 2022 Census data. In addition, the rent-to-income ratio in the area, at 24.6%, shows what portion of their earnings goes toward housing expenses.

Renter median household income
$36,875
Rent-to-income ratio
24.6%
Understanding the rent-to-income ratio can help renters gauge if local housing costs align with their earnings. A ratio under 30% usually signals affordability, while exceeding this mark means rent is taking a larger-than-recommended bite out of income. That could make it harder for you to cover other costs like transportation, healthcare, or child care.

Employment in Milan

Workforce and job types in Milan

The job market in Milan is powered by 854 working residents, spread across a range of industries and roles. 55.5% of the working population are employed in professional or administrative positions, while 44.5% are in hands-on or service-based jobs. Also, 5.2% run their own businesses, 80.4% are employed by private companies, and 8.3% work in the public sector.

Workforce demographics

Working population
854
11.3% year-over-year change
White collar
474
Blue collar
380
Value Percent YoY change
White collar 474 55.5% 11.5%
Blue collar 380 44.5% 11.1%
Employer type
Self employees
5.2%
Private companies
80.4%
Governmental workers
8.3%
Not for profit companies
6.1%
Value Percent YoY change
Self employees 44 5.2% 41.9%
Private companies 687 80.4% 5.4%
Governmental workers 71 8.3% 51.1%
Not for profit companies 52 6.1% 40.5%
Unemployment rate
3.8%
79.0% year-over-year change

Available workforce

The unemployment rate in Milan stands at 3.8%, representing the share of the workforce currently without a job and actively looking for one.

For renters, the unemployment rate helps paint a picture of job security and financial stability in the area. Rates around 4% to 5% are considered typical. A lower-than-average rate might suggest strong job prospects and a thriving local economy, while a higher rate could hint at fewer opportunities—both useful to consider when planning a move.

Transportation in Milan

How people get around in Milan

Commuting methods vary: 93.4% of residents travel by personal vehicle and 0.6% prefer to walk, while the remaining share relies on public transit or on two wheelers to get from A to B.

Means of transportation
Value Percent YoY change
Car 786 93.4% 11.7%
Walk 5 0.6% -28.6%
Understanding how locals get to work can help you plan your own routine. High car usage might mean you’ll need a vehicle, while strong public transit or walkability could save you the hassle. Commute times also play a big role in quality of life—shorter trips can give you more time for the things you enjoy.

What is the median and average household income in Milan by zipcode?

Zipcode Population Number of households Median income Average income
47031 5,659 2,189 $70,575 $103,856

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FAQs about Milan demographics 

What is the total population of Milan?

Milan has a total population of 1,942 residents, according to the latest release from the U.S. Census Bureau: the 2019-2023 American Community Survey (ACS) 5-year estimates. This figure changed by +9.4% compared to a year ago.

What is the gender ratio in Milan?

The gender ratio in Milan is as follows:
  • 49.8% males (967 residents)
  • 50.2% females (975 residents)

What is the median age in Milan?

The median age in Milan is 43.7.

What is the age distribution of the population in Milan?

The age distribution in Milan is as follows:
  • Under 15: 15.4% (300 residents)
  • Ages 15-24: 12.5% (243 residents)
  • Ages 25-44: 25% (485 residents)
  • Ages 45-64: 23.4% (454 residents)
  • Over 65: 23.7% (460 residents)

What is the racial and ethnic makeup of Milan?

The racial and ethnic makeup of Milan is as follows:
  • White: 97.6% (1,896 residents)
  • Black or African American: 0% (0 residents)
  • American Indian and Alaska Native: 0% (0 residents)
  • Asian: 0.3% (5 residents)
  • Native Hawaiian and Other Pacific Islander: 0% (0 residents)
  • Two or More Races: 2.1% (41 residents)
  • Other: 0% (0 residents)

What percentage of the population in Milan are U.S.-born citizens?

U.S.-born citizens represent 99.7% of the population in Milan.

How many housing units are there in Milan?

There are 799 housing units in Milan, reflecting a +13.3% change compared to the previous year, according to the latest data from the U.S. Census Bureau.

How many households are in Milan and what is the average household size?

Milan has a total of 764 households, with an average of 2 people in each.

What is the median household income in Milan?

Milan has a median household income of $59,286, representing a +8.4% shift from the previous year, according to the U.S. Census Bureau.

What is the employment rate and job market overview for Milan?

The employment rate is 96.2% in Milan, with a workforce of 854 residents. Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 55.5% (474 residents)
  • Blue-collar workers: 44.5% (380 residents)

Places of employment:
  • Self-employed: 5.2% (44 residents)
  • Private companies: 80.4% (687 residents)
  • Governmental workers: 8.3% (71 residents)
  • Not-for-profit companies: 6.1% (52 residents)

Data source & methodology

The demographic data on this page was sourced from the latest U.S. Census Bureau release—the 2019–2023 American Community Survey (ACS) 5-year estimates.

The information, issued annually, is compiled and published by the Point2Homes Research Team as soon as new data becomes available.

No representation, guarantee, or warranty is made concerning the accuracy or completeness of modified or aggregated information for particular areas.

Page last updated: September 2025