Lake Wisconsin, WI
Population 5,051 · Wisconsin
About Lake Wisconsin, WI
Lake Wisconsin is a small town located in Wisconsin with a population of 5,051 residents according to the latest US Census Bureau American Community Survey data. The median household income is $116,053 per year, which is 54% above the national median of $75,149. The median age of 52.5 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Lake Wisconsin features a median home value of $421,500, which is 72% above the national median of $244,900. This places Lake Wisconsin in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,399, 20% above the national average of $1,163/month. Of the 2,997 total housing units, 93% are owner-occupied (2,134 units) and 7% are renter-occupied (170 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lake Wisconsin shows an unemployment rate of 2.1%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 2.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lake Wisconsin have an average one-way commute time of 31.3 minutes.
Education & Demographics
41.8% of Lake Wisconsin residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 2.3% White, 1.8% Hispanic or Latino, 0.2% Black or African American, and 0.4% Asian residents, with 2.1% of the population being foreign-born.
How Lake Wisconsin Ranks in Wisconsin
Cost of Living in Lake Wisconsin, WI
Compared to national averages, Lake Wisconsin has a median household income of $116,053 (54% above the national median of $75,149). Home values average $421,500, which is 72% above the national median. Monthly rent at $1,399 is 20% above the US average of $1,163. Within Wisconsin, Lake Wisconsin's income is 60% above the state average of $72,579, and home values are 105% above the state median of $205,802.
Why Live in Lake Wisconsin, WI?
Lake Wisconsin offers a strong local economy with a median household income of $116,053, well above the national average, and a strong job market with an unemployment rate of just 2.1%, and a well-educated community where 41.8% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 2.9%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $421,500. However, Lake Wisconsin’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lake Wisconsin has a population of 5,051 with a median age of 52.5 years. Compare Lake Wisconsin with other cities to see how it stacks up, or explore all cities in Wisconsin.
Similar Cities Near Lake Wisconsin
Cities in Wisconsin with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Richland Center | 5,030 | $51,472 | $137,700 | Compare |
| Wind Lake | 5,028 | $100,306 | $357,500 | Compare |
| Dodgeville | 5,013 | $72,768 | $234,000 | Compare |
| Summit | 4,997 | $124,750 | $510,200 | Compare |
| Union Grove | 4,968 | $94,621 | $258,100 | Compare |
| Mayville | 5,169 | $66,453 | $184,800 | Compare |
| Tichigan | 5,173 | $124,821 | $386,600 | Compare |
| Bristol | 5,196 | $109,917 | $288,800 | 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.
Compare Lake Wisconsin With Other Cities
Frequently Asked Questions about Lake Wisconsin
What is the population of Lake Wisconsin, WI?
The population of Lake Wisconsin, WI is 5,051 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Wisconsin.
What is the median household income in Lake Wisconsin?
The median household income in Lake Wisconsin, WI is $116,053 per year, which is 54% above the national median of $75,149.
What is the median home value in Lake Wisconsin?
The median home value in Lake Wisconsin, WI is $421,500, which is 72% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lake Wisconsin?
The median monthly rent in Lake Wisconsin, WI is $1,399, which is 20% above the national average of $1,163/month.
What is the unemployment rate in Lake Wisconsin?
The unemployment rate in Lake Wisconsin, WI is 2.1%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Lake Wisconsin, WI a good place to live?
Lake Wisconsin offers above-average incomes, a competitive housing market, and a strong job market. With a population of 5,051 and a median age of 52.5, the city appeals to established professionals and retirees.
How educated is Lake Wisconsin, WI?
41.8% of residents in Lake Wisconsin aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Lake Wisconsin?
Key cost-of-living indicators for Lake Wisconsin, WI: median home value is $421,500 (72% above national), median rent is $1,399/month, and median household income is $116,053. The home-value-to-income ratio is 3.6x, a moderate figure by national standards.
What is the poverty rate in Lake Wisconsin?
The poverty rate in Lake Wisconsin, WI is 2.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Lake Wisconsin, WI?
Lake Wisconsin's population is 2.3% White, 1.8% Hispanic or Latino, 0.2% Black or African American, 0.4% Asian, and 0.5% two or more races. 2.1% of residents are foreign-born.