Milan cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
Cost of living index8698100
Goods & Services index9498100
Groceries index10397100
Health care index103100100
Housing index5595100
Transportation index113112100
Utilities index9997100
An overview of the general cost of living index for Milan, IL is displayed above for your reference. Residents in Milan, IL enjoy a cost of living index of 86. This index is 12% lower than the Illinois average, and 14% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Milan, IL, the average cost of goods and services is 4% lower than it is in Illinois, and it is 6% lower than the national average.
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Did you know?

  • The cost of living in Milan is 12% lower than the Illinois average.
  • The cost of living in Milan is 14% lower than the national average.
  • The cost of housing in Milan is 45% lower than the national average.
  • Illinois general sales tax is 23% higher than the national average.
  • Illinois state income tax is 123% higher than the national average.

Compare Milan, IL Cost of living To Other Cities

Salary Calculator

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Health care index
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The salary calculator is used in order to provide a comparison of your current salary in Milan, IL to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Milan, IL, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Milan, IL salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Milan, IL, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Milan, IL homeowners have a median income of $53,240. Using that number, you will come up with a maximum of $1,242 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $20,435, which means there is a maximum of $477 to be spent on the costs of renting a home or apartment.

Illinois Sales Tax

StateGeneral Sales TaxWith Max Surtax

Illinois Income Tax

StateIncome Tax (Low)Income Tax (High)
One thing to keep in mind when considering the cost of living in Milan, IL is the Illinois sales tax and Illinois income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Illinois sales tax rate is 6.25% and the maximum surtax that can be charged is 10.25%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Illinois income tax rates range from 4.95% to 4.95%.

Goods & Services

ItemMilanNational avg.Difference
Haircut $12.67$17.4927.6%
Beauty Salon $31.75$38.1716.8%
Toothpaste $3.09$2.3233.1%
Shampoo $0.95$1.016.1%
Movie $10.72$10.720.0%
Bowling $13.33$13.863.8%


ItemMilanNational avg.Difference
Ground Beef $3.27$3.9016.2%
Fried Chicken $1.69$1.4021.1%
Milk $2.52$1.9628.4%
Potatoes $2.64$3.1817.1%
Pizza $12.95$10.3924.6%
Beer $8.99$9.232.6%

Health Care

ItemMilanNational avg.Difference
Optometrist $87.50$106.3417.7%
Doctor $130.50$115.2513.2%
Dentist $97.50$98.380.9%
Ibuprofen $8.49$9.268.3%
Lipitor $515.99$466.4710.6%


ItemMilanNational avg.Difference
Home Price $96,000.00$184,700.0048.0%
Avg. Mortgage Payment $950.53$1,273.3225.4%
Apartment Rent $603.00$949.0036.5%


ItemMilanNational avg.Difference
Gasoline $2.67$2.592.9%
Tire Balancing $65.32$48.9033.6%


ItemMilanNational avg.Difference
All Electricity$159.75$167.604.7%
Phone $188.52$163.4215.4%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Oak Grove, IL56278-22%
Matherville, IL85383-17%
Cleveland, IL17884-16%
Colona, IL4,87687-13%
Rock Island, IL38,64787-13%
Milan, IL5,09786-14%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Monee, IL5,09895-5%
Kalaheo, HI5,09918585%
Sumner, IL5,09479-21%
Rockport, MA5,10115050%
King George, VA5,09211414%
Milan, IL5,09786-14%
Source: The Milan, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.
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