Milan, IL
5,034Residents
$62,597Median household income
$963/moMedian gross rent
$119,300Median home value
36.0Median age
25%Adults with a bachelor’s degree or higher
66%Homes lived in by their owners
1.9×Home value to household income
Median rent takes about 18% of the median household income in Milan.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $39,000 a year. In Illinois that leaves roughly $2,632 a month after tax. See the full paycheck breakdown for $40,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.