Cost of Living in Milan, TN
Population 8,194 · Tennessee · Data vintage 2023
(100 = US avg)
Household incomes in Milan run well below national norms — a median of $45,608 versus the $74,580 US figure. Housing costs partially offset that gap (typical home values around $121,000). At 6.0%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.
Located 90 miles northeast of Memphis, Milan is far enough out that local conditions diverge meaningfully from the big-metro baseline. Median home values run roughly 23% lower than Memphis' $157,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Milan
The median home value in Milan is $121,400 — 60% below the national median of $305,000. Median rent runs $802/month, 39% lower than the national median of $1,314/month. The median household income of $45,608/year is 39% lower than the US median of $74,580. The local unemployment rate is 6.0%, above the national average of 4.8%. Tennessee charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 71.0°F and lows of 48.9°F. Overall, Milan has a cost of living index of 48 versus the US average of 100, meaning it is 52% less expensive.
Milan has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 49 | 53 | 62 | 72 | 80 | 87 | 90 | 90 | 84 | 73 | 61 | 51 |
| Low °F | 29 | 33 | 40 | 48 | 58 | 66 | 69 | 67 | 60 | 48 | 38 | 32 |
| Precip" | 4.07 | 4.40 | 5.55 | 5.12 | 5.58 | 4.76 | 4.37 | 3.53 | 3.58 | 3.63 | 4.33 | 5.01 |
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Milan, TN?
Milan has a cost index of 48 (100 = national average). It is 52% below the national average.
What is average rent in Milan, TN?
The median gross rent in Milan is $802 per month based on 2023 Census data.
What is the average home price in Milan?
The median home value in Milan is $121,400 according to Zillow and Census data.
What is the median income in Milan?
The median household income in Milan is $45,608 per year (2023 ACS 5-year estimates).
What is the sales tax in Milan, TN?
The combined state and local sales tax rate in Milan is 9.6%. Tennessee has no state income tax.
Is Milan, TN affordable?
Yes, Milan is generally considered affordable, with a cost of living index of 48 — about 52% below the US national average of 100.
What is the weather like in Milan?
Milan has average high temperatures of 71.0°F and average lows of 48.9°F. Annual precipitation is 53.9". Data from NOAA 1991–2020 Climate Normals.
Milan at a Glance
- Population
- 8,194
- Median Income
- $45,608
- Home Value
- $121,400
- Median Rent
- $802/mo
- Unemployment
- 6.0%
- Avg High Temp
- 71.0°F
- Sales Tax
- 9.6%
Nearby Cities
Explore county-level cost of living data
Tennessee Rankings
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