Milan, Indiana Demographics & Population 2026
During the 2020–2024 ACS period, Milan, Indiana had a total population of 1,942, the 236th largest town in Indiana, with a median household income of $59,286, which is 18% lower than the state average. The poverty rate is 15.0%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Only 8.4% of adults have a bachelor's degree, well below the national average of 35.7%.
Milan Quick Facts
How Milan Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 1,775 | 1,942 | +9.4% |
| Median household income | $54,688 | $59,286 | +8.4% |
| Median home value | $136,400 | $157,400 | +15.4% |
How Milan Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 41 | National average: 61
Education
Educational Attainment (Adults 25+)
Milan Rankings in Indiana
Explore Indiana Rankings
Other Cities in Ripley County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Batesville | 7,282 | $62,292 | 14.2% | $225,400 |
| Versailles | 2,037 | $45,758 | 17.6% | $169,200 |
| Osgood | 1,637 | $52,625 | 9.7% | $149,800 |
| Sunman | 1,247 | $73,413 | 8.6% | $194,500 |
| Holton | 502 | $62,375 | 21.9% | $98,600 |
| Napoleon | 205 | $63,125 | 19.5% | $162,500 |
Cities Similar to Milan
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Veedersburg | 1,990 | $58,145 | $103,600 | 8.7% | 17.1% |
| Kentland | 1,828 | $59,500 | $114,000 | 17.6% | 14.4% |
| Hamilton | 1,939 | $69,761 | $298,200 | 24.9% | 7.3% |
| Greentown | 2,094 | $60,521 | $123,400 | 19.6% | 7.0% |
| New Carlisle | 1,998 | $66,824 | $186,700 | 30.3% | 4.5% |
Population Overview
Milan is a small community located in Indiana, within Ripley County. The total population is 1,942. It ranks as the 236th most populous out of 967 Census-designated places in Indiana.
Age Demographics
The median age in Milan is 43.7 years. This is 15% higher than the state median of 38.1 years. 11.4% 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 is $59,286. This is 18% lower than the state median of $71,957. It is also 27% lower than the national median of $80,734. The poverty rate stands at 15.0%. This is 22% higher than the state poverty rate of 12.3%. The unemployment rate is 3.8%. This is 11% lower than the state rate of 4.3%. The median home value is $157,400. Housing costs are 28% lower than the state median of $218,200. With a home-value-to-income ratio of just 2.7x, Milan is one of the most affordable housing markets in the area. 82.3% of occupied housing units are owner-occupied. This homeownership rate is 17% higher than the state average of 70.5%.
Race & Ethnicity
Milan has a predominantly White (non-Hispanic) population, comprising 94.0% of all residents. Hispanic or Latino residents account for 3.9%. The Hispanic or Latino population (3.9%) is well below the state average of 8.6%.
Education
8.4% of residents aged 25 and older hold a bachelor's degree or higher. This is 71% lower than the state rate of 29.5%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 88.6%.
Data Sources & Methodology
All demographic data for Milan, Indiana is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. 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. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
Free data download: Get all Indiana city and county demographics as CSV. Download Cities CSV | Download Counties CSV
Frequently Asked Questions
What is the population of Milan, Indiana?
Milan, Indiana has a population of 1,942 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Milan, IN?
The median household income in Milan is $59,286, which is 27% lower than the national median of $80,734.
What is the poverty rate in Milan, IN?
The poverty rate in Milan is 15.0%. This means approximately 277 residents live below the federal poverty line.
What is the racial makeup of Milan, Indiana?
Milan's population is 94.0% White, 0.0% Black, 3.9% Hispanic/Latino, and 0.0% Asian.
What is the median home value in Milan, IN?
The median home value in Milan is $157,400. The home-value-to-income ratio is 2.7x.
How educated is Milan, Indiana?
8.4% of adults (25+) in Milan hold a bachelor's degree or higher, and 4.4% hold a graduate or professional degree.