Milan, TN Cost Of Living
Cost Of Living In Milan, TN 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 Tennessee, 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 82, with 100 being the average.
The cost of living index in Milan is 0.8x lower than the national average.
Milan ranks as the #26 cheapest in Tennessee out of 105.
Milan ranks as the #377 cheapest out of 6,412 in the US.
The median home value in Milan is $105,700.
The median income in Milan is $46,661.
Table Of Contents
Milan's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Milan, TN?
According to the most recent data on the cost of living, Milan has an overall cost of living index of 82, which is 0.8x lower than the national index of 100.
Compared to Tennessee, Milan has a cost of living index that's 0.9x lower than Tennessee's index of 90.
The standard of living in Milan ranks as #26 most affordable out of the 105 places we measured in Tennessee. By definition, that implies Milan ranks as the #79 most expensive place in the Volunteer State.
For more reading on life in Milan, check out:
- Living In Milan
- Milan Crime Report
- Search Homes For Sale In Milan, TN
In Tennessee
In America
Milan Cost Of Living Vs. Tennessee
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 92.
The Groceries index in Milan is 90.
The Health index in Milan is 81.
The Housing index in Milan is 59.
The Transportation index in Milan is 90.
The Utilities index in Milan is 94.
| Living Expense | Milan | Tennessee | National Average | |
|---|---|---|---|---|
| Overall | 82 | 90 | 100 | |
| Services | 92 | 93 | 100 | |
| Groceries | 90 | 96 | 100 | |
| Health | 81 | 88 | 100 | |
| Housing | 59 | 82 | 100 | |
| Transportation | 90 | 90 | 100 | |
| Utilities | 94 | 93 | 100 | |
Milan, TN Housing Cost Breakdown
Housing swings affordability the most between places in Tennessee, 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 $105,700.
The Median Rent in Milan is $713.
The Median Income in Milan is $46,661.
The Home Value To Income in Milan is 2.3x.
The Rent To Monthly Income in Milan is 0.18x.
| Statistic | Milan | Tennessee | United States |
|---|---|---|---|
| Median Home Value | $105,700 | $193,700 | $244,900 |
| Median Rent | $713 | $951 | $1,163 |
| Median Income | $46,661 | $58,516 | $69,021 |
| Home Value To Income | 2.3x | 3.3x | 3.5x |
| Rent To Monthly Income | 0.18x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Milan, TN Costs By Category
Detailed Milan Services Costs Vs. Tennessee
Detailed Milan Groceries Costs Vs. Tennessee
Detailed Milan Health Costs Vs. Tennessee
Detailed Milan Transportation Costs Vs. Tennessee
Detailed Milan Utilities Costs Vs. Tennessee
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:
Jackson, TN has a cost of living index of 86, 1.0x Milan.
Dyersburg, TN has a cost of living index of 81, 1.0x Milan.
Martin, TN has a cost of living index of 81, 1.0x Milan.
| City | Population | Cost Of Living | Vs. Milan |
|---|---|---|---|
| Jackson, TN | 67,753 | 86 | 1.0x |
| Dyersburg, TN | 16,235 | 81 | 1.0x |
| Martin, TN | 10,536 | 81 | 1.0x |
| Paris, TN | 10,332 | 81 | 1.0x |
| Brownsville, TN | 9,807 | 80 | 1.0x |
| Humboldt, TN | 7,899 | 78 | 1.0x |
| Lexington, TN | 7,849 | 79 | 1.0x |
| Henderson, TN | 6,232 | 82 | 1.0x |
| McKenzie, TN | 5,590 | 78 | 1.0x |
| Bolivar, TN | 5,177 | 80 | 1.0x |
