Lake Mills, WI
Population 6,391 · Wisconsin
About Lake Mills, WI
Lake Mills is a small community in Wisconsin with a population of 6,391 residents. The median household income is $87,039 per year, which is above the national average. The median age in Lake Mills is 40.2 years.
Housing in Lake Mills has a median home value of $282,400 and median monthly rent of $1,095. Of the 2,800 total housing units, the majority are owner-occupied, with 1,697 owner-occupied and 777 renter-occupied units.
The unemployment rate in Lake Mills is 0.5% and the poverty rate is 4.9%. 45.0% of residents hold a bachelor's degree or higher. The average commute time is 25.2 minutes.
How Lake Mills Ranks in Wisconsin
Cost of Living in Lake Mills, WI
Compared to national averages, Lake Mills has a median household income of $87,039 (16% above the national median of $75,149). Home values average $282,400, which is 15% above the national median. Monthly rent at $1,095 is 6% below the US average of $1,163. Within Wisconsin, Lake Mills's income is 20% above the state average of $72,579, and home values are 37% above the state median of $205,802.
Why Live in Lake Mills, WI?
Lake Mills offers a strong local economy with a median household income of $87,039, well above the national average, and rent that’s lower than the national average at $1,095/month, and a strong job market with an unemployment rate of just 0.5%. Additionally, the city features a well-educated community where 45.0% of residents hold a bachelor’s degree or higher, and a low poverty rate of 4.9%, better than the national average.
Lake Mills has a population of 6,391 with a median age of 40.2 years. Compare Lake Mills with other cities to see how it stacks up, or explore all cities in Wisconsin.
Similar Cities Near Lake Mills
Cities in Wisconsin with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Elm Grove | 6,428 | $133,304 | $468,000 | Compare |
| Twin Lakes | 6,351 | $85,800 | $257,000 | Compare |
| Waupaca | 6,314 | $52,586 | $177,600 | Compare |
| Slinger | 6,173 | $99,457 | $337,700 | Compare |
| Rib Mountain | 6,134 | $87,054 | $237,700 | Compare |
| Fox Point | 6,746 | $140,818 | $414,900 | Compare |
| Sturtevant | 6,787 | $84,479 | $231,000 | Compare |
| Edgerton | 5,924 | $84,185 | $243,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Wisconsin
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Lake Mills
What is the population of Lake Mills, WI?
The population of Lake Mills, WI is 6,391 according to the latest Census data.
What is the median household income in Lake Mills?
The median household income in Lake Mills, WI is $87,039 per year.
What is the median home value in Lake Mills?
The median home value in Lake Mills, WI is $282,400.
What is the average rent in Lake Mills?
The median monthly rent in Lake Mills, WI is $1,095.
What is the unemployment rate in Lake Mills?
The unemployment rate in Lake Mills, WI is 0.5%.