Photo: John Phelan · CC BY 3.0Homes in Milan cost about 1.5 years of local pay, but renters are stretched more than prices suggest
More affordable than 74% of U.S. towns.
Census 2020–24 home values, rents, tax bills and cost burden, measured against the median household income of Cibola County, NM ($51K). How TownRatings grades cost of living
Only 0 sales in September 2026: in a market this size, monthly medians swing a lot, so the typical value is the steadier guide.
In dollars, homes in Milan cost less than the New Mexico typical home. But the grade compares costs with what households in the area earn, and Cibola County incomes are lower too ($51K, against $74K for the typical U.S. town). Property tax takes 0.73% of a home’s value a year (New Mexico: 0.70%), and 86% of renters pay 30% or more of income for housing.
In dollars
- $1,010a month for a two-bedroom, utilities includedHUD Fair Market Rent, 2026
In paychecks the grade
- 1.5 yrsof area income buys the typical home; the typical U.S. town: 3.3$51K, Cibola County income
- 20%of area income goes to the median rent; the typical U.S. town: 18%Census 2020–24
- 86%of renters pay 30%+ of income for housing; across New Mexico: 50%Census 2020–24
- 3%of owners do; the typical U.S. town: 20%Census 2020–24
What kind of housing town is Milan?
Read from the numbers below. The page puts what stands out first.
What’s behind Milan’s grade
Measured against what households in the area earn, Milan is more affordable than 74% of U.S. towns. Rent pulls the grade down most; property tax holds it up.
A typical home costs 1.5 years of area income
The calculator starts from the area income the grade uses. Switch to Milan’s own median, or type yours.
That covers a typical Milan home, with $128K to spare.
A two-bedroom rents for about $1,010 a month here, $570 more than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Milan’s typical property tax (0.73% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $1,010
Renters already here pay a median of $851, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Cibola County, NM): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
Low tax bills, but a high tax rate
The median bill is $552, under the New Mexico median of $1,731, because homes cost less. As a share of value it’s 0.73% a year, against 0.70% statewide.
Census American Community Survey 2020–24: the median real-estate tax bill homeowners report, and that bill ÷ the median home value. Bills include town, school and county taxes. The Census reports bills over $10,000 only as “$10,000+”.
Milan vs. its neighbors
Zillow publishes no value for Milan.
Cost next door · one source per column
| Town | Cost | Typical home Zillow, latest | Median value Census 2020–24 | Tax rate bill ÷ value | 2-bed rent HUD 2026 |
|---|---|---|---|---|---|
| Milan | B+ | — | $76K | 0.73% | $1,010 |
| Grants | B− | $160K | $137K | 0.79% | $1,020 |
| Golden Acres | – | — | — | — | $1,020 |
“—” under Zillow: Zillow publishes no value for that town, so it’s left blank rather than mixed with Census figures. “—” under Cost: not graded (too little Census data, or under 1,000 residents).
Questions about the cost of living in Milan
Is Milan expensive to live in?
Measured against what households in the area earn, Milan costs less than 74% of U.S. towns: a B+ for cost of living. The typical home costs 1.5 years of the median household income of Cibola County, NM ($51K).
How much is rent in Milan?
HUD puts a two-bedroom at about $1,010 a month with utilities, the going rate for someone moving in. Renters already here pay a median of $851 (Census 2020–24).
What are property taxes in Milan?
The median bill is $552 a year, 0.73% of the median home value (New Mexico: $1,731, 0.70%), from the Census 2020–24.
Neighbors talk housing
What Milan buyers, sellers and renters are saying.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, September 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. The calculator is an estimate, not a loan offer. Regional price levels: BEA; electricity: EIA. How TownRatings grades cost of living.