Milan, MI Cost Of Living
Cost Of Living In Milan, MI Summary
Cost of living in Milan research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Milan is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Michigan, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Milan is 97, with 100 being the average.
The cost of living index in Milan is 1.0x lower than the national average.
Milan ranks as the #136 cheapest in Michigan out of 175.
Milan ranks as the #2,747 cheapest out of 6,412 in the US.
The median home value in Milan is $185,600.
The median income in Milan is $77,045.
Table Of Contents
Milan's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Milan, MI?
According to the most recent data on the cost of living, Milan has an overall cost of living index of 97, which is 1.0x lower than the national index of 100.
Compared to Michigan, Milan has a cost of living index that's 1.1x higher than Michigan's index of 92.
The standard of living in Milan ranks as #136 most affordable out of the 175 places we measured in Michigan. By definition, that implies Milan ranks as the #39 most expensive place in the Wolverine State.
For more reading on life in Milan, check out:
- Living In Milan
- Milan Crime Report
- Search Homes For Sale In Milan, MI
In Michigan
In America
Milan Cost Of Living Vs. Michigan
Six factors go into calculating the cost of living index in Milan. Here is how it fairs on each of the criteria:
The Services index in Milan is 109.
The Groceries index in Milan is 99.
The Health index in Milan is 97.
The Housing index in Milan is 82.
The Transportation index in Milan is 109.
The Utilities index in Milan is 98.
| Living Expense | Milan | Michigan | National Average | |
|---|---|---|---|---|
| Overall | 97 | 92 | 100 | |
| Services | 109 | 96 | 100 | |
| Groceries | 99 | 96 | 100 | |
| Health | 97 | 94 | 100 | |
| Housing | 82 | 80 | 100 | |
| Transportation | 109 | 97 | 100 | |
| Utilities | 98 | 100 | 100 | |
Milan, MI Housing Cost Breakdown
Housing swings affordability the most between places in Michigan, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Milan is $185,600.
The Median Rent in Milan is $942.
The Median Income in Milan is $77,045.
The Home Value To Income in Milan is 2.4x.
The Rent To Monthly Income in Milan is 0.15x.
| Statistic | Milan | Michigan | United States |
|---|---|---|---|
| Median Home Value | $185,600 | $172,100 | $244,900 |
| Median Rent | $942 | $946 | $1,163 |
| Median Income | $77,045 | $63,202 | $69,021 |
| Home Value To Income | 2.4x | 2.7x | 3.5x |
| Rent To Monthly Income | 0.15x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Milan, MI Costs By Category
Detailed Milan Services Costs Vs. Michigan
Detailed Milan Groceries Costs Vs. Michigan
Detailed Milan Health Costs Vs. Michigan
Detailed Milan Transportation Costs Vs. Michigan
Detailed Milan Utilities Costs Vs. Michigan
Milan SnackAbility
/10
Cost Of Living In Cities Around Milan
The cost of living varies in the cities and towns around Milan. Here's a quick look at the cost of living in the most populous nearby places:
Ann Arbor, MI has a cost of living index of 113, 1.2x Milan.
Romulus, MI has a cost of living index of 91, 0.9x Milan.
Ypsilanti, MI has a cost of living index of 96, 1.0x Milan.
| City | Population | Cost Of Living | Vs. Milan |
|---|---|---|---|
| Ann Arbor, MI | 122,731 | 113 | 1.2x |
| Romulus, MI | 24,977 | 91 | 0.9x |
| Ypsilanti, MI | 20,448 | 96 | 1.0x |
| Monroe, MI | 20,344 | 90 | 0.9x |
| Saline, MI | 9,072 | 102 | 1.1x |
| Tecumseh, MI | 8,645 | 92 | 0.9x |
| South Monroe, MI | 6,526 | 89 | 0.9x |
