Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 45.5 yrs |
|---|---|
| Avg HH Size | 2.19 |
| Below Poverty | 10.6% ≈ Avg |
| College Grads | 37.7% ≈ Avg |
| Unemployment | 2.0% ▼ 59% below avg |
| No HS Diploma | 8 (0.4%) |
| HS Graduate | 699 (32.5%) |
| Some College | 300 (13.9%) |
| Associates | 333 (15.5%) |
| Bachelors | 413 (19.2%) |
| Graduate Degree | 399 (18.5%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $76,522 ≈ Avg |
|---|---|
| Median Home Value | $157,500 ▼ 44% below avg |
| Home/Income Ratio | 2.1x (nat avg ~3.5x) |
| Median Rent | $640/mo |
| Total Housing Units | 1,489 |
| Vacant Units | 144 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Lake Mills is a city in Iowa, located in Winnebago County. The city spans 1 ZIP code and is home to approximately 3,001 residents. It is a mature city, with a median age of 45.5 years.
Economically, Lake Mills is a middle-income community. The median household income of $76,522 is near the national average. Approximately 10.6% of residents live below the poverty line. The unemployment rate is 2.0%, well below the national average.
The real estate market in Lake Mills is an affordable housing market. Median home values stand at $157,500, which is below the national average. Renters typically pay around $640 per month. Homeownership is high at 74.1%, typical of suburban and family-oriented communities.
The population of Lake Mills is moderately educated. 37.7% of adults hold a bachelor's degree or higher — near the national average. The community is primarily White (92.8%).
Lake Mills, IA offers residents above-average earning potential within Iowa.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 50450 | 3,001 | $76,522 | $157,500 | $640 | 2.0% | 37.7% | 74.1% |