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ZipNumbers

Iowa · Census place 42555

Lake Mills city, IA

Quick answer

Lake Mills city has 2,054 residents, ranking #165 of 1026 places in Iowa. Median household income is $70,333, the median home is worth $127,100 and median gross rent runs $615 a month.

Population
2,054Lake Mills city residents
Median household income
$70,333Past 12 months, inflation adjusted
Median home value
$127,100Owner-occupied units
Median gross rent
$615Rent plus utilities, monthly
Median age
43.8 yrsAll residents
Homeownership rate
67.1%Owner-occupied households

What the numbers mean in Lake Mills city

Housing cost measured against local earnings.

A household earning the Lake Mills city median would spend about 10.5% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 1.8× the median household income; nationally that ratio sits near 4.5×. Poverty affects 15.9% of residents and 67.1% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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