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Milan town, Indiana Demographics & Population 2026

Very AffordableHome value to income ratio of 2.5x is exceptionally low

As of 2026, Milan town, Indiana has a total population of 1,775, the 252nd largest city in Indiana, with a median household income of $54,688, which is 22% lower than the state average. The poverty rate is 19.4%.

Key Takeaways

Milan town Quick Facts

Population 1,775
Median Household Income $54,688
Median Home Value $136,400
Poverty Rate 19.4%
Unemployment Rate 2.4%
Median Age 45.0 years
Homeownership Rate 78.2%
Affordability Ratio 2.5x
Bachelor's Degree or Higher 8.8%
High School Graduation Rate 89.5%
Diversity Index 6/100
Population 1,775 252nd of 967
Median Income $54,688 below average
Poverty Rate 19.4% 56% higher national
Median Home Value $136,400 average

How Milan town Compares

Economy & Housing

Employment

2.4% Unemployment Rate State: 4.3% | National: 5.2%
53.5% Labor Force Participation

Housing Overview

Owner 78.2%
Renter 21.8%
Affordability Index Very Affordable
2.5x home value to income ratio

People & Demographics

Diversity Index

6out of 100
Very Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 40 | National average: 60

Education

Milan town Rankings in Indiana

#252 Population of 967
#546 Median Income of 967
#665 Education of 967
#386 Home Value of 967

Cities Similar to Milan town

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
French Lick town1,790$54,412$79,60010.8%11.0%
Kentland town1,759$56,442$103,20016.2%19.9%
Monon town1,764$52,569$84,6007.7%16.1%
Crothersville town1,701$52,039$112,8007.4%22.8%
Argos town1,822$60,214$128,10011.4%18.9%

Population Overview

Milan town is a small community located in Indiana, within Allen County. The total population is 1,775. It ranks as the 252nd most populous out of 967 cities and towns in Indiana.

Age Demographics

The median age in Milan town is 45.0 years. This is 18% higher than the state median of 38.0 years. 13.2% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.

Economy, Income & Housing

The median household income in Milan town is $54,688. This is 22% lower than the state median of $70,051. Compared to the national median of $78,538, household income here is 30% lower. The poverty rate stands at 19.4%. This is 59% higher than the state poverty rate of 12.2%. The unemployment rate is 2.4%. This is 44% lower than the state rate of 4.3%. The median home value is $136,400. Housing costs are 32% lower than the state median of $201,600. With a home-value-to-income ratio of just 2.5x, Milan town is one of the most affordable housing markets in the area. 78.2% of occupied housing units are owner-occupied. This homeownership rate is 11% higher than the state average of 70.3%.

Race & Ethnicity

Milan town has a predominantly White (non-Hispanic) population, comprising 97.1% of all residents. Hispanic or Latino residents account for 1.0%. The Hispanic or Latino population (1.0%) is well below the state average of 8.4%. The Asian population (0.3%) is well below the state average of 2.5%.

Education

8.8% of residents aged 25 and older hold a bachelor's degree or higher. This is 69% lower than the state rate of 28.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 89.5%.

Data Sources & Methodology

All demographic data for Milan town, Indiana is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Indiana state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 967 Census-designated places in Indiana. For official data, visit data.census.gov.

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Frequently Asked Questions

What is the population of Milan town, Indiana?

Milan town, Indiana has a population of 1,775 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Milan town, IN?

The median household income in Milan town is $54,688, which is 30% lower the national median of $78,538.

What is the poverty rate in Milan town, IN?

The poverty rate in Milan town is 19.4%. This means approximately 325 residents live below the federal poverty line.

What is the racial makeup of Milan town, Indiana?

Milan town's population is 97.1% White, 0.0% Black, 1.0% Hispanic/Latino, and 0.3% Asian.

What is the median home value in Milan town, IN?

The median home value in Milan town is $136,400. The home-value-to-income ratio is 2.5x.

How educated is Milan town, Indiana?

8.8% of adults (25+) in Milan town hold a bachelor's degree or higher, and 4.2% hold a graduate or professional degree.