Lake Mills, Iowa, offers a low cost of living along with high quality services and resources. This is an excellent place to plant your roots! The Lake Mills community schools are committed to promoting and maintaining an atmosphere of teaching and learning that encourage students to pursue personal excellence and to prepare for the challenge of tomorrow.
As of 2024 the population of Lake Mills is 2,190. The population is expected to shrink to 2,165 by 2029 - a growth rate of -0.23%.
The median age of Lake Mills residents is 46.
The diversity index of Lake Mills is 31.5, meaning that there is a 32% chance that any two people selected out of 100 residents will be of different race or ethnicity from one another.
The average household income in Lake Mills is $76,401 and projected to be $85,440 in 2029. Per capita income is $33,284, projected to be $37,450 in 2029. 0.64% of households – 14 – have an income of $200,000 or higher. Average net worth is $513,199 and the average disposable income is $62,705.
There are 1,033 housing units in Lake Mills; 634 are owner-occupied, 319 are rented, and 80 are vacant. The average home value is $174,803, with 3 homes built in 2010 or later, and 269 built in 1939 or earlier.
There are 162 businesses in Lake Mills, employing 1,775 workers and pulling from a labor force of 962 age 16 and above. 175 workers commute into Lake Mills from outside the county or state. Key industries for the area include:
660 residents both live and work in/around Lake Mills. The average travel time is 15.3 minutes. 30% people have a commute of less than 5 minutes while 0% commute 90 minutes or more each way. Of commuters, 778 drive alone, 114 carpool, and 0 take public transportation. 47 use other modes of transport such as motorcycle, bicycle, walking, etc. 23 residents work from home.
578 members of the workforce hold a high school diploma or GED. 274 have associates degrees, 202 have bachelor’s degrees, and 101 hold a graduate or professional degree.
