Milan village
Illinois
Milan, Illinois, offers a refreshing contrast to the hustle and bustle of larger cities, presenting a uniquely accessible lifestyle. Imagine a place where the median home value hovers around a remarkable $125,700, a figure that's a steal compared to the national median. This affordability translates to a lower cost of living, allowing residents to enjoy a comfortable existence without the financial strain often associated with homeownership. The community of 5,066 residents fosters a close-knit atmosphere, where neighbors know each other and the pace of life allows for genuine connection. While the median household income of $60,304 is slightly below the national average, the lower cost of housing significantly enhances the quality of life, making Milan an attractive option for those seeking financial freedom without sacrificing community.
From an investment perspective, Milan offers solid potential. The housing market, defined by its affordability, is particularly appealing to first-time homebuyers or those looking to downsize. While specific unemployment figures aren't available, the relative stability of the local economy suggests opportunities for residents. Milan is a safe community, perfect for families and individuals who value a secure environment. This area is ideally suited for those seeking a quiet, budget-friendly lifestyle, offering a chance to invest in a home and a community where the focus is on living well.
Milan village, Illinois at a Glance
Milan village is a city in Illinois with a population of approximately 5,066. The median home value is $125,700 and the median household income is $60,304.. The violent crime rate is 1.2 per 1,000 residents, which is 67% below the national average.. Median rent is $943 per month. Data sourced from the US Census Bureau, FBI Crime Data Explorer, EPA, Walk Score, and FEMA.
Median Home Value
$125,700
Median Income
$60,304
Population
5,066
Walk Score
N/A
Air Quality
N/A
Climate Risk
N/A
Excellent
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- Population
- 5,066
- Median Age
- N/A
- Median Household Income
- $60,304
19% below nat'l avg
- Bachelor's Degree+
- N/A
- Poverty Rate
- 15.3%
23% above nat'l avg
- Median Home Value
- $125,700
55% below nat'l avg
- Median Rent
- $943
19% below nat'l avg
- Homeownership Rate
- 66.0%
Near nat'l avg
- Affordability Index
- N/A
- Violent Crime Rate
- 1.2 per 1K
67% below nat'l avg
- Property Crime Rate
- 3.7 per 1K
81% below nat'l avg
- AQI
- N/A
- Category
- N/A
- Overall Risk
- N/A
- Risk Score
- N/A
- Overall
- N/A
- Road Traffic
- N/A
- Aviation
- N/A
- Rail
- N/A
- Electricity Rate
- N/A
- Est. Monthly Electric
- N/A
- Unemployment Rate
- 1.8%
51% below nat'l avg
- Poverty Rate
- 15.3%
23% above nat'l avg
Political Landscape
→ Politically stable
Based on McLean County county-level presidential election data
Culture & Things to Do in Milan village
Milan Lions Club Pancake Breakfast
An annual community breakfast fundraiser.
Milan Old Settlers Days
A local festival with food, music, and activities.
Milan Fall Festival
A fall-themed festival with crafts, food, and entertainment.
Milan Christmas Parade
An annual parade to celebrate the holiday season.
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