Milano is located in east Texas. Milano is between the Milam, Burleson county. Milano has 1.99 square miles of land area and 0.00 square miles of water area. As of 2010-2014, the total Milano population is 489, which has grown 22.25% since 2000. The population growth rate is lower than the state average rate of 25.13% and is much higher than the national average rate of 11.61%. Milano median household income is $28,375 in 2010-2014 and has has shrunk by 1.30% since 2000. The income growth rate is much lower than the state average rate of 31.68% and is much lower than the national average rate of 27.36%. Milano median house value is $76,700 in 2010-2014 and has shrunk by -89.38% since 2000. The house value growth rate is much higher than the state average rate of 59.27% and is much higher than the national average rate of 46.91%. As a reference, the national Consumer Price Index (CPI) inflation rate for the same period is 26.63%. On average, the public school district that covers Milano is close to the state average in quality. The Milano area code is 512.