Cost of Living in Milan, NM
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
72.8
100 = national avg
-27.2 vs national average
Living Wage (1 Adult)
$32,046
per year
Living Wage (Family of 4)
$75,745
per year
Cost Index by Category
Housing67.3
Food78.7
Transportation83.2
Healthcare83.0
Utilities80.7
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$823
per month
2 Bedroom
$993
per month
The overall cost of living index in Milan is 72.8, which is 27.2% below the national average. Housing costs are below the national average at an index of 67.3. A single adult needs to earn approximately $32,046 per year to cover basic expenses.