Milan is a city in New Mexico state in USA with a population of 3660 residents.. The poverty rate of Milan is 20.4%, which is 46% higher than national average. The typical household in Milan earns $46203 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 5 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 19 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 54% of households earn less than $50,000 a year compared to 39% national rate. With a lack of available jobs, many in Milan are struggling financially. Nearly one in every 1 in every 7 workers in Milan is unemployed. The high jobless rate has likely contributed to the widespread poverty in the city.

A high school education is a basic prerequisite for most jobs, and in Milan, only 86% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Milan remained 14.6%, which is 211% higher than national rate. Nearly 3 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Milan, only 16% of adults have a bachelor's degree and 36% have some college but no degree.

Cost of living in Milan is 0, which is 100% lower than national average. Median home value in Milan is $75000 , which is 67% lower than national average. While median income in Milan remained $46203, which is 32% lower than national average.