Milan, TN Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Milan, TN Summary

Cost of living in Milan research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Milan is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in Tennessee, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:

  • The cost of living index in Milan is 82, with 100 being the average.

  • The cost of living index in Milan is 0.8x lower than the national average.

  • Milan ranks as the #26 cheapest in Tennessee out of 105.

  • Milan ranks as the #377 cheapest out of 6,412 in the US.

  • The median home value in Milan is $105,700.

  • The median income in Milan is $46,661.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
82
Milan's Overall Cost Of Living
0.8x
Lower Than The National Average

What is the cost of living in Milan, TN?

According to the most recent data on the cost of living, Milan has an overall cost of living index of 82, which is 0.8x lower than the national index of 100.

Compared to Tennessee, Milan has a cost of living index that's 0.9x lower than Tennessee's index of 90.

The standard of living in Milan ranks as #26 most affordable out of the 105 places we measured in Tennessee. By definition, that implies Milan ranks as the #79 most expensive place in the Volunteer State.

For more reading on life in Milan, check out:

26 out of 105
In Tennessee
377 out of 6,412
In America

Milan Cost Of Living Vs. Tennessee

Six factors go into calculating the cost of living index in Milan. Here is how it fairs on each of the criteria:

  • The Services index in Milan is 92.

  • The Groceries index in Milan is 90.

  • The Health index in Milan is 81.

  • The Housing index in Milan is 59.

  • The Transportation index in Milan is 90.

  • The Utilities index in Milan is 94.

Living Expense Milan Tennessee National Average
Overall 82 90 100
Services 92 93 100
Groceries 90 96 100
Health 81 88 100
Housing 59 82 100
Transportation 90 90 100
Utilities 94 93 100
For more reading on cost of living around Tennessee, check out:
Milan Cost of Living Vs. TN

Milan, TN Housing Cost Breakdown

Housing swings affordability the most between places in Tennessee, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:

  • The Median Home Value in Milan is $105,700.

  • The Median Rent in Milan is $713.

  • The Median Income in Milan is $46,661.

  • The Home Value To Income in Milan is 2.3x.

  • The Rent To Monthly Income in Milan is 0.18x.

Statistic Milan Tennessee United States
Median Home Value $105,700 $193,700 $244,900
Median Rent $713 $951 $1,163
Median Income $46,661 $58,516 $69,021
Home Value To Income 2.3x 3.3x 3.5x
Rent To Monthly Income 0.18x 0.2x 0.2x
Search Homes For Sale In Milan, TN
$105,700
Median Home Value
$713
Median Rent
$46,661
Median Income

Milan, TN Costs By Category

Detailed Milan Services Costs Vs. Tennessee

Item Milan Tennessee
Shampoo $0.91 $1.06
Movie $8.86 $10.68
Bowling $17.17 $14.67
Haircut $20.31 $18.62
Beauty Salon $37.5 $39.05

Detailed Milan Groceries Costs Vs. Tennessee

Item Milan Tennessee
Ground Beef $4.12 $4.22
Fried Chicken $1.11 $1.39
Milk $1.8 $2.05
Potatoes $2.96 $3.29
Pizza $9.82 $10.62
Beer $9.68 $9.38
Toothpaste $1.68 $2.34

Detailed Milan Health Costs Vs. Tennessee

Item Milan Tennessee
Optometrist $96.67 $108.57
Doctor $130.0 $116.17
Dentist $66.83 $99.13

Detailed Milan Transportation Costs Vs. Tennessee

Item Milan Tennessee
Gasoline $1.99 $2.22
Tire Balancing $42.83 $50.07

Detailed Milan Utilities Costs Vs. Tennessee

Item Milan Tennessee
All Electricity $154.05 $167.67
Phone $184.96 $175.64

Milan SnackAbility

4
/10
Overall SnackAbility
Jobs
5/10
Housing
4
Affordability
8
Diversity
8.5
Safety
4
Amenities
8
Education
5
Commute
8

Cost Of Living In Cities Around Milan

The cost of living varies in the cities and towns around Milan. Here's a quick look at the cost of living in the most populous nearby places:

  • Jackson, TN has a cost of living index of 86, 1.0x Milan.

  • Dyersburg, TN has a cost of living index of 81, 1.0x Milan.

  • Martin, TN has a cost of living index of 81, 1.0x Milan.

City Population Cost Of Living Vs. Milan
Jackson, TN 67,753 86 1.0x
Dyersburg, TN 16,235 81 1.0x
Martin, TN 10,536 81 1.0x
Paris, TN 10,332 81 1.0x
Brownsville, TN 9,807 80 1.0x
Humboldt, TN 7,899 78 1.0x
Lexington, TN 7,849 79 1.0x
Henderson, TN 6,232 82 1.0x
McKenzie, TN 5,590 78 1.0x
Bolivar, TN 5,177 80 1.0x

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