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LOCAL GUIDE

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All About

Living In Lake Mills, IA

Lake Mills, a small town in Iowa, has a population of approximately 2,000. Retirees are widely prevalent, as they account for 23% of the population compared to 14% nationally, while young adults are less well-represented. At an average age of just under 44, the town's residents skew older than most cities in Iowa. Most residents own their homes in Lake Mills, and 36% of residents rent. Renting remains an affordable option, though, as the town boasts a relatively low average rent of $685/month. Over the course of a year, renters in Lake Mills will save around $1,500 compared to the state average.

Averaging about 18 minutes, the commute time for Lake Mills residents is faster than the state average of about 20 minutes. Many residents (43%) drive themselves to work, while public transit is not used much. Relatively few workers (2%) commute on foot, though the number does exceed the national average.

There are three primary industries in Lake Mills: manufacturing, retail, and entertainment. Together, these industries account for 26% of the town's workforce. Meanwhile, in terms of job function, 9% of the town's population works in transportation, which ranks as the top profession in the town. Lake Mills workers earn an average annual income of nearly $61,000, about $7,000 less than the state average. Lake Mills's average income also trails the national average ($73,345). Lake Mills has a relatively large number of residents older than 25 who have earned a Bachelor's or Associate's degree (26%) compared to the national average (19%). In addition, 4% possess a Master's degree or Doctorate.


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