Cost of Living in Milan, GA

With a cost of living index of 65, Milan, GA is one of the most affordable cities in the country. Living here is 35% cheaper than the national average and 18% below the Georgia state average of 82. Milan is a small community of 727 residents.

Housing costs are the biggest factor in Milan's cost of living. The median monthly rent is $825 (37% below the US median of $1,319), and the median home value sits at $77,400 (75% below the national median of $304,900). At current prices, the median home costs roughly 2.8x the median household income — well within traditional affordability guidelines.

The median household income in Milan is $27,656, which is 63% lower than the national median of $75,149. Residents spend roughly 36% of household income on rent. This exceeds the recommended 30% threshold, meaning many renters here are cost-burdened. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.