What is the median household income in Milan, IN?
The median household income in Milan, IN is $59,286 (±$11,686) a year (2020–2024 American Community Survey).
Paying the median gross rent of $755 a month would take about $30,200 a year at the common guideline of spending no more than 30% of income on rent.
In Milan, the median household income went from $43,826 in 2015–2019 to $59,286 in 2020–2024 (+35.3%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median household income
- $59,286 (±$11,686)
- Median renter income
- $42,321 (±$5,877)
- Income to afford median rent
- about $30,200
Income in Milan against Ripley County, its state and the nation
| Milan | Ripley County | Indiana | United States | |
|---|---|---|---|---|
| Median household income | $59,286 (±$11,686) | $70,573 (±$4,366) | $71,957 (±$352) | $80,734 |
| Median renter household income | $42,321 (±$5,877) | $38,289 (±$5,223) | $42,811 (±$480) | $52,966 |
| Median owner household income | $70,725 (±$12,619) | $83,686 (±$7,130) | $87,459 (±$395) | $100,009 |
| Median gross rent | $755 (±$221) | $839 (±$45) | $1,062 (±$5) | $1,413 |
In Milan, median household income is not measurably different from Ripley County ($70,573).
It is also lower than in Indiana ($71,957).
It is lower than the national figure ($80,734).
In Ripley County, Milan ranks 16 of 18 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 1143 of 1,568.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How much you need to earn to rent in Milan
Many landlords and housing programs use 30% of gross income as the most a household should spend on rent.
At that guideline, the median gross rent of $755 a month ($9,060 a year) needs an income of about $30,200 a year.
The median renting household in Milan earns $42,321 a year.
This is arithmetic on the published medians, not a rule any landlord must follow; screening criteria vary and some places limit how income may be weighed.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $43,826 (±$8,499) | $59,286 (±$11,686) | +35.3% | No measurable change after inflation |
| Median gross rent | $770 (±$100) | $755 (±$221) | −1.9% | No measurable change after inflation |
| Median home value | $106,300 (±$13,226) | $157,400 (±$14,254) | +48.1% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median household income in places near Milan
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Milan | — | $59,286 (±$11,686) | — |
| Moores Hill | 1.9 mi | $68,750 (±$14,748) | Not measurably different |
| Franklin Township (Ripley County) | 3.3 mi | $67,083 (±$14,125) | Not measurably different |
| Washington Township (Ripley County) | 3.5 mi | $93,003 (±$29,023) | Higher |
| Sparta Township (Dearborn County) | 4.6 mi | $65,000 (±$11,251) | Not measurably different |
| Manchester Township | 6.1 mi | $96,772 (±$11,672) | Higher |
| Sunman | 7.9 mi | $73,413 (±$6,962) | Higher |
| Delaware Township (Ripley County) | 8.0 mi | $75,069 (±$8,843) | Higher |
| Johnson Township (Ripley County) | 8.1 mi | $71,204 (±$12,590) | Not measurably different |
Nearby places with a measurably higher figure: Washington Township (Ripley County), IN ($93,003), Manchester Township, IN ($96,772), Sunman, IN ($73,413).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Ripley County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 10 | Shelby Township (Ripley County) | $66,467 (±$25,461) |
| 11 | Napoleon | $63,125 (±$21,576) |
| 12 | Center Township (Ripley County) | $62,861 (±$12,538) |
| 13 | Holton | $62,375 (±$17,857) |
| 14 | Batesville | $62,292 (±$12,051) |
| 15 | Laughery Township | $60,119 (±$11,176) |
| 16 | Milan | $59,286 (±$11,686) |
| 17 | Osgood | $52,625 (±$4,182) |
| 18 | Versailles | $45,758 (±$7,449) |
Showing 9 of 18 places in Ripley County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Milan
What is the median household income in Milan?
The median household income in Milan is $59,286 (±$11,686) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Milan?
About $30,200 a year, if rent is to stay at or below 30% of income at the median gross rent of $755 a month.
Have incomes in Milan kept up with inflation?
In Milan, the median household income went from $43,826 in 2015–2019 to $59,286 in 2020–2024 (+35.3%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
What do renters earn in Milan?
The median renting household in Milan, IN earns $42,321 (±$5,877) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Milan town, Indiana
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Milan town, Indiana
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Milan town, Indiana
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Milan town, Indiana
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Milan town, Indiana
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Milan town, Indiana
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Milan town, Indiana (place:49266, in state:18).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Milan at a glance
- Median rent in Milan
- Renters and owners in Milan
- Home values in Milan
- Homeowner costs in Milan
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- Indiana landlord and tenant rules
- Housing across Ripley County
- Indiana places ranked by median household income
- Housing data for every place in Indiana