Living in Lake Mills, Wisconsin
Cost of living, income, home prices, rent and demographics of Lake Mills · Census data 2020–2024
Lake Mills has 6,470 residents with a median age of 40.3. The median household income is $91,027 (17% higher than the Wisconsin median), the median home value is $317,100, the median rent is $1,209/month.
Lake Mills at a glance
- Population
- 6,470
- Median age
- 40.3State: 40.2
- Median household income
- $91,027State: $77,485
- Median home value
- $317,100State: $266,500
- Median rent
- $1,209/moState: $1,087
- Homeowners
- 66.9%
- Bachelor's degree or higher
- 45.4%
- Average commute
- 23 min
Is Lake Mills a good place to live?
Pros: Median household income 17% higher than the Wisconsin median; unemployment of 2.4%; a poverty rate of 5.1%.
Cons: Home values 19% higher than the state median; an average commute of 23 minutes.
The weather is best in June to September.
Cost of living in Lake Mills
Housing is the biggest part of the cost of living. In Lake Mills the median home value is $317,100, 5% lower than the U.S. median. Renters pay a median of $1,209 per month, which is 26.9% of household income. Homeowners with a mortgage pay $1,901 a month in housing costs.
Lake Mills median household income
The median household income in Lake Mills is $91,027 and the income per person is $43,531. 5.1% of residents live below the poverty line (Wisconsin: 10.6%).
Housing in Lake Mills: homes for sale and rent
- Housing units
- 2,876
- Owner-occupied
- 66.9%
- Renter-occupied
- 33.1%
- Vacant
- 10.3%Includes seasonal homes
- Median year built
- 1976
- Average household size
- 2.49
Lake Mills demographics
- Population
- 6,470
- Median age
- 40.3
- Under 18
- 22%
- 65 and older
- 18.4%
- Households
- 2,581
- Foreign-born
- 3.1%
- Veterans
- 8.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Lake Mills ›
Education in Lake Mills
45.4% of adults 25 and older in Lake Mills have a bachelor's degree or higher (Wisconsin: 33.4%), and 15.5% have a graduate or professional degree.
Jobs and commute in Lake Mills
- Unemployment rate
- 2.4%State: 3.2%
- Average commute
- 23 minState: 22 min
- Work from home
- 14.6%
- Drive alone
- 82%
- Public transit
- 0%
- Walk to work
- 0.9%
- Homes with broadband
- 93.4%
Lake Mills vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lake Mills | 6,470 | $91,027 | $317,100 | $1,209 |
| Lake Ripley | 1,932 | $116,179 | $366,300 | $1,350 |
| Johnson Creek | 3,362 | $100,685 | $314,200 | $1,231 |
| Jefferson | 7,732 | $79,006 | $225,600 | $1,071 |
| Cambridge | 1,617 | $87,917 | $325,200 | $1,220 |
| Waterloo | 3,600 | $87,776 | $230,600 | $1,106 |
| Deerfield | 2,541 | $91,029 | $315,900 | $1,156 |
| Rockdale | 201 | $96,250 | $291,700 | $1,100 |
| Marshall | 3,778 | $85,942 | $238,900 | $874 |
More for people moving to Lake Mills
Lake Mills ZIP code ›Weather and climate ›Living in Lake Mills: FAQ
What is the median household income in Lake Mills, WI?
The median household income in Lake Mills is $91,027, 17% higher than the Wisconsin median of $77,485 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Lake Mills?
The median home value in Lake Mills is $317,100, compared with $266,500 in Wisconsin.
How much is rent in Lake Mills?
The median gross rent in Lake Mills is $1,209 per month, about 26.9% of household income.
Is Lake Mills, WI a good place to live?
Pluses: median household income 17% higher than the Wisconsin median; unemployment of 2.4%; a poverty rate of 5.1%. Minuses: home values 19% higher than the state median; an average commute of 23 minutes.
What is the median age in Lake Mills?
The median age in Lake Mills is 40.3 years (Wisconsin: 40.2).
How long is the commute in Lake Mills?
The average commute to work in Lake Mills is 23 minutes; 14.6% of workers work from home.
What is the unemployment rate in Lake Mills?
The unemployment rate in Lake Mills is 2.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lake Mills?
45.4% of adults in Lake Mills have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
Last updated: