States › Tennessee › Milan

Is Milan, TN expensive to live in?

OKRent takes 21 cents of every $1 people earn here.
🏠 Rent per month (2026)$84752% lower than U.S. average
💵 Families earn per year (2026)$47,331about $3,944/month · 46% lower than U.S. average
🔑 House price$144,10057% lower than U.S. average

Rent here is among the lowest 10% of all U.S. cities. A typical house costs about 3.0 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $33,880 a year. That is $16 an hour at a full-time job.

Is rent cheaper than other Tennessee cities?

Yes. Rent here is cheaper than in most of Tennessee. It is number 17 of 114 cities from cheapest to most expensive.

Milan
$847
Pulaski
$832
Thompson's Station
$2,197
Harrison
$1,279
Lexington
$398
Jefferson City
$1,162
Covington
$982

How much do households earn in Milan?

Under $25k
33.4%
$25k–50k
20.2%
$50k–100k
31.6%
$100k–150k
6.5%
$150k+
5.9%

Share of households by yearly income. 12.4% of households earn $100,000 or more.

Rent by apartment size in Milan

SizeMilanU.S. average
1 bedroom$367$1,324
2 bedrooms$845$1,509
3 bedrooms$1,248$1,698

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

How expensive is Milan overall?

Everyday prices in Tennessee overall are 8% below the U.S. average (index 91.9, U.S. = 100).

Housing
79
Goods (food, clothes…)
96
Utilities
72
Other services
95
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 Tennessee figure is shown.

Taxes and bills in Milan

🏛️ Property tax$1,256a year · 0.87% of home value · U.S. $3,119
⚡ Electric bill$212a month (typical) · U.S. $156

Life in Milan

Commute to work25 minU.S.: 26.4 min
College degree15.6%U.S.: 35.7%
Own their home55.9%U.S.: 65.2%
Below poverty line21.3%U.S.: 12.5%
Unemployment6.4%U.S.: 5.2%

Is it cheaper to rent or buy in Milan?

Renting is cheaper right now: about $153 a month less.

Renting
$847
Owning
$1,000

Owning assumes a typical $144,100 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $14,410 for the down payment.

Frequently asked questions

What is the average rent in Milan, TN?

Renting in Milan costs a median of about $847 a month in 2026, including utilities. The Tennessee median is $1,279.

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

To keep rent under 30% of income, you need about $33,880 a year, or $16 an hour at a full-time job.

Is Milan cheap or expensive?

Milan is rated OK: rent takes 21.5% of the typical household income of $47,331. It ranks 17th cheapest of 114 Tennessee cities we track.

How much are property taxes in Milan?

The median homeowner in Milan pays $1,256 a year in property taxes, about 0.87% of the median home value.

Is Milan more expensive than the national average?

Overall prices in Tennessee are 8% 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 $144,100, about 3.0 times the typical yearly household income.

8,244 people live in Milan. Numbers are typical (middle) values.