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Lake Mills, Wisconsin

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
6,470
Population
$91,027
Median Income
$317,100
Home Value
40.3
Median Age

Demographics

Lake Mills has a population of 6,470 with a median age of 40.3. Here is the racial and ethnic breakdown of the population:

White
90.0%
Hispanic
8.6%
Black
1.0%
Demographic Value
Total Population6,470
Median Age40.3
White90.0%
Black or African American1.0%
Asian0.5%
Hispanic or Latino8.6%
Lake Mills, Wisconsin — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 100.White: 89.9%Hispanic/Latino: 8.6%Other: 1.5%6,470PopulationWhiteWhite89.9%Hispanic/LatinoHispanic/Latino8.6%OtherOther1.5%

Income & Economy

The median household income in Lake Mills is $91,027, which is 12.9% above the national median of $80,610. The per capita income is $43,531. The poverty rate is 5.1%.

$91,027
Median Household Income
$43,531
Per Capita Income
5.1%
Poverty Rate

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Education

In Lake Mills, 95.9% of residents age 25+ have a high school diploma or higher, and 45.4% hold a bachelor's degree or higher (15.5% with a graduate or professional degree).

HS Diploma+
95.9%
Bachelor's+
45.4%
Graduate+
15.5%
Education Level % of Adults (25+)
High School Diploma or Higher95.9%
Bachelor's Degree or Higher45.4%
Graduate or Professional Degree15.5%

Housing

The median home value in Lake Mills is $317,100, above the national median of $303,400. The median monthly rent is $1,209. The homeownership rate is 66.9%.

$317,100
Median Home Value
$1,209/mo
Median Rent
66.9%
Homeownership Rate
Housing Metric Value
Median Home Value$317,100
Median Monthly Rent$1,209
Homeownership Rate66.9%
Vacancy Rate10.3%

Salaries in Wisconsin

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Frequently Asked Questions

What is the population of Lake Mills, Wisconsin?
The population of Lake Mills, Wisconsin is 6,470 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Lake Mills, Wisconsin?
The median household income in Lake Mills, Wisconsin is $91,027. This is 12.9% above the national median of $80,610.
What is the median home value in Lake Mills, Wisconsin?
The median home value in Lake Mills, Wisconsin is $317,100. The median monthly rent is $1,209.
What percentage of people in Lake Mills have a college degree?
In Lake Mills, Wisconsin, 45.4% of adults age 25 and older hold a bachelor's degree or higher, and 95.9% have a high school diploma or higher.
Is Lake Mills, Wisconsin an affordable place to live?
The home price-to-income ratio in Lake Mills, Wisconsin is 3.5x (median home value $317,100 vs. median income $91,027), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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