Milan, a city located in the state of Illinois (IL), is home to a population of approximately 5,066 people. Milan boasts a median age of 38.5, with around 27.5% of its residents aged 60 or above. 9.8% of the population identifies as US Veterans. 13.2% of Milan residents are disabled. The city has an average household income of $60,304, while the unemployment rate stands at 1.8%, and around 15.3% of the population is considered to be living below the poverty level. In terms of housing, the average home value in Milan is $124,664, with a monthly rent averaging $943.