Cost Of Living
Residents in this area benefit from an affordable cost of living. This includes goods and services, transportation, housing, utilities, groceries and healthcare.
Crime
This area is characterized by a crime rate, per 100,000 individuals, that falls well below the national average, indicating its potential as a very safe place to live.
Housing
The housing category in this area boasts higher than average scores, likely influenced by a positive home affordability ratio, robust appreciation rates or elevated home values.
Amenities
It appears that many amenities may not be conveniently situated within walking distance, potentially necessitating the use of a vehicle or public transit.
Commute
Commuters in this area may experience longer-than-average work commute times due to limited public transportation access.
Health & Safety
Factors like poor air quality and the absence of essential health-related facilities like hospitals, clinics, nursing homes and pharmacies could have played a role in the low score in this category.
Schools
Factors such as lower than average graduation rates, lackluster reading and math scores and the limited accessibility of local elementary and high schools could contribute to the low schools score.
Located in the state of Missouri, Milan is a small-sized city with a population of 2,513 inhabitants. The majority of Milan residents report their race to be White; this is followed by Black and Native Hawaiian. Additionally, more than a quarter of the population of Milan are of Hispanic or Latino origin, and 34% of the population also speak Spanish. If you are not a fan of long commutes, you will enjoy living in Milan. With an average one way commute time of only 10 minutes, getting to and from work is a breeze compared to the national average of 26 minutes.
Whether you’re moving to a new city to be closer to family, friends or for a new job, living in Milan could be a positive experience compared to other cities in Missouri if you know where to look. Don't forget to determine what matters most to you in a neighborhood. Consider factors such as safety, proximity to work or school, access to amenities (like parks, fitness facilities, grocery stores, restaurants), public transportation options, community atmosphere and the overall vibe you're looking for. Using the livability score which includes data from categories like cost of living, health & safety, education, housing, you can easily compare the best places to live in Milan and also determine if there are any nearby cities that might be a better match for your lifestyle. You can also compare Milan to Missouri and the national average.
The livability score in Milan is 63 out of 100 and the city is ranked in the 49th percentile of all cities across America. If we dig a little deeper into each category within the livability score, we see that Milan has higher than average scores for the following: crime (B+), cost of living (A+) and housing (A). On a less positive note, Milan does not have favorable scores for the following: amenities (F) and education (F). If we take a look at the data, we can find out why.
Managing monthly expenses, from grocery bills to never-ending utility costs, can swiftly accumulate. Fortunately, we're delighted to share that the cost of living in Milan is 20.21% lower than the national average. This translates to a tangible reduction in those persistent monthly expenditures, making Milan a city where you can anticipate lower costs across the board when compared to many other urban areas. This financial advantage not only eases the burden of day-to-day living but also allows for a more budget-friendly lifestyle, ensuring that your hard-earned money goes further and providing an appealing incentive for those seeking to improve their financial well-being in a world where expenses continue to rise.
Feeling a sense of safety in the area that you live in is a must for most people. Low crime rates can have a positive impact on things like home prices, home appreciation rates and can help foster positive community dynamics and social cohesion. Milan has a violent crime rate of 115 crimes per 100,000 residents which is far lower than the national average.
The unemployment rate in Milan has consistently declined over the years and currently stands well below the national average at 1.3%. This downward trend holds the potential to reduce poverty and inequality within the region, promote higher wage levels and stimulate greater economic growth. Such positive indicators signal the overall robust health of the local economy, offering a promising outlook for its residents and fostering an environment of financial well-being and prosperity.
Finding affordable real estate and housing in Milan can be tricky. Having said that, this area might be the place to get the best of both worlds. Based on factors like home/rental affordability and appreciation rates, this area has received an above average score in the housing category. A healthy real estate market can lead to wealth appreciation for property owners, as rising property values can contribute to homeowners' equity, financial stability and the ability to build long-term wealth.
There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are attainable, we'll need to know if the real estate in Milan is actually affordable. The median home price for Milan homes is $120,203, which is 51.8% lower than the Missouri average. If we take a closer look at the affordability of homes in Milan, we’ll see that the home price to income ratio is 1.9, which is 44.1% lower than the Missouri average.
| Statistic | Milan | Missouri | National |
| Average one way commute | 10min | 23min | 26min |
| Workers who drive to work | 50.7% | 81.6% | 76.4% |
| Workers who carpool | 44.5% | 9.1% | 9.3% |
| Workers who take public transit | 0.1% | 1.5% | 5.1% |
| Workers who bicycle | 0.0% | 0.3% | 0.6% |
| Workers who walk | 0.4% | 1.9% | 2.8% |
| Working from home | 4.3% | 4.6% | 4.6% |
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