Cost of Living in Milan, IN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
86.7
100 = national avg
-13.3 vs national average
Living Wage (1 Adult)
$38,136
per year
Living Wage (Family of 4)
$90,141
per year
Cost Index by Category
Housing83.7
Food91.8
Transportation83.6
Healthcare93.4
Utilities91.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$752
per month
2 Bedroom
$987
per month
The overall cost of living index in Milan is 86.7, which is 13.3% below the national average. Housing costs are below the national average at an index of 83.7. A single adult needs to earn approximately $38,136 per year to cover basic expenses.