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The total population of Milan is estimated to be 1,981 with 968 males (48.86%) and 1,013 females (51.14%). There are 45 more females than males in Milan.
The median household income in Milan was $60,801 in 2021, which marked an an increase of 7,883(14.90%) from $52,918 in 2020. This income is 81.50% 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 25 to 44 years old, at $76,050. Overall, the median household income for the town of Milan stands at $60,801.
In Milan, the median income for all workers aged 15 years and older, regardless of work hours, was $37,676 for males and $28,592 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $56,523 for males and $35,825 for females.
In Milan, there are just two different racial groups among households. Among these, Two or More Races households report a median household income of $70,800, while White households have a median household income of $62,029.
In 2022, the population of Milan was 1,825, a 0.00% decrease year-by-year from 2021. Previously, in 2021, Milan's population was 1,825, an increase of 0.05% compared to a population of 1,824 in 2020.
The median age in Milan, IN is 41.2, as per 2021 ACS 5-Year Estimates. Of the total population, 20.36% were under the age of 15, 16.93% aged 15 to 29, 44.04% aged 30 to 64, 13.91% aged 65 to 84, and 4.76% were 85 years of age and older.
Racial distribution of Milan population: 93.81% are White, 3.32% are Asian, 1.02% are some other race and 1.84% are multiracial.