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$343,900
3 Beds · 2 Baths · 2,420 Sq. Ft.
Milan, IN 47031 has a population of approximately 5,326 and experiences a population change rate of 4.15%. The population density is 86.4 / sq mi .
The median household income for Milan, IN 47031 is $60,861, with 1,992 households and an average household size of 2.57.
The median value of a home in Milan, IN 47031 is $238,700 with an appreciation rate of 14.60%. 67.34% of housing in the state is owned while 24.16% is rented.
The cost of living in Milan, IN 47031 is 82.7 %.
The unemployment rate in Milan, IN 47031 is 2.70%, and recent job growth is at -0.32%. Future job growth is projected at 16.27%.
The sales tax rate in Milan, IN 47031 is 7.00%, while the income tax rate is 3.23% .
School expenditures in Milan, IN 47031 are $13,093, and the school ratio is 13.9:1.
The average high temperature in July is 84.3 degrees, with an average low temperature in January of 20.4 degrees. The average rainfall is approximately 45.4 inches per year, with 15.3 inches of snow per year.
