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The total population of Milan is estimated to be 5,066 with 2,600 males (51.32%) and 2,466 females (48.68%). There are 134 less females than males in Milan.
The median household income in Milan was $59,116 in 2021, which marked an a decrease of 4,559(7.16%) from $63,675 in 2020. This income is 79.24% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Milan sees its highest median household income among householders in the age group of 45 to 64 years old, at $75,518. Overall, the median household income for the village of Milan stands at $59,116.
In Milan, the median income for all workers aged 15 years and older, regardless of work hours, was $51,884 for males and $32,596 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $72,335 for males and $51,584 for females.
In Milan, there are just three different racial groups among households. Among these, White households report a median household income of $59,740, followed by Two or More Races households at $44,727, and Black or African American households with a median household income of $20,591.
In 2022, the population of Milan was 4,985, a 1.25% decrease year-by-year from 2021. Previously, in 2021, Milan's population was 5,048, a decline of 0.79% compared to a population of 5,088 in 2020.
The median age in Milan, IL is 39.2, as per 2021 ACS 5-Year Estimates. Of the total population, 18.96% were under the age of 15, 17.27% aged 15 to 29, 42.48% aged 30 to 64, 18.94% aged 65 to 84, and 2.35% were 85 years of age and older.
Racial distribution of Milan population: 88.19% are White, 2.67% are Black or African American, 0.49% are American Indian and Alaska Native, 2.39% are Asian, 1.79% are some other race and 4.47% are multiracial.