States › Michigan › Milan

Is Milan, MI expensive to live in?

CheapRent takes 15 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,28527% lower than U.S. average
💵 Families earn per year (2026)$104,559about $8,713/month · 20% higher than U.S. average
🔑 House price$247,10026% lower than U.S. average

Rent is lower than in 70% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards.

How much money do I need?

To rent here comfortably, you should earn about $51,400 a year. That is $25 an hour at a full-time job.

Is rent cheaper than other Michigan cities?

Yes. Rent here is cheaper than in most of Michigan. It is number 84 of 179 cities from cheapest to most expensive.

Milan
$1,285
Holly
$1,097
Belding
$739
Northville
$2,054
Petoskey
$1,113
Richmond
$955
Swartz Creek
$1,379

How much do households earn in Milan?

Under $25k
13.1%
$25k–50k
19.7%
$50k–100k
36.3%
$100k–150k
20.8%
$150k+
9.1%

Share of households by yearly income. 30.0% of households earn $100,000 or more.

Rent by apartment size in Milan

SizeMilanU.S. average
1 bedroom$1,085$1,324
2 bedrooms$1,358$1,509
3 bedrooms$1,706$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Milan overall?

Everyday prices in Michigan overall are 4% below the U.S. average (index 96.2, U.S. = 100).

Housing
82
Goods (food, clothes…)
96
Utilities
100
Other services
101
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Milan, so the Michigan figure is shown.

Taxes and bills in Milan

🏛️ Property tax$3,927a year · 1.59% of home value · U.S. $3,119
⚡ Electric bill$174a month (typical) · U.S. $156

Life in Milan

Commute to work29 minU.S.: 26.4 min
College degree37.3%U.S.: 35.7%
Own their home68.4%U.S.: 65.2%
Below poverty line10.4%U.S.: 12.5%
Unemployment5.8%U.S.: 5.2%

Is it cheaper to rent or buy in Milan?

Renting is cheaper right now: about $430 a month less.

Renting
$1,285
Owning
$1,715

Owning assumes a typical $247,100 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $24,710 for the down payment.

Frequently asked questions

What is the average rent in Milan, MI?

Renting in Milan costs a median of about $1,285 a month in 2026, including utilities. The Michigan median is $1,314.

How much do I need to make to live in Milan?

To keep rent under 30% of income, you need about $51,400 a year, or $25 an hour at a full-time job.

Is Milan cheap or expensive?

Milan is rated Cheap: rent takes 14.7% of the typical household income of $104,559. It ranks 84th cheapest of 179 Michigan cities we track.

How much are property taxes in Milan?

The median homeowner in Milan pays $3,927 a year in property taxes, about 1.59% of the median home value.

Is Milan more expensive than the national average?

Overall prices in Michigan are 4% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Milan?

The median home value in Milan is $247,100, about 2.4 times the typical yearly household income.

5,987 people live in Milan. Numbers are typical (middle) values.