Lake Mills, IA 50450 has a population of approximately 2,671 and experiences a population change rate of -10.49%. The population density is 33 / sq mi .
Lake Mills, IA 50450 has a population of approximately 2,671 and experiences a population change rate of -10.49%. The population density is 33 / sq mi .
The median household income for Lake Mills, IA 50450 is $68,407, with 1,233 households and an average household size of 2.38.
The median value of a home in Lake Mills, IA 50450 is $141,000 with an appreciation rate of 15.90%. 64.59% of housing in the state is owned while 23.80% is rented.
The cost of living in Lake Mills, IA 50450 is 83.5 %.
The unemployment rate in Lake Mills, IA 50450 is 2.40%, and recent job growth is at 0.59%. Future job growth is projected at 35.02%.
The sales tax rate in Lake Mills, IA 50450 is 7.00%, while the income tax rate is 7.44% .
School expenditures in Lake Mills, IA 50450 are $13,780, and the school ratio is 13.3:1.
The average high temperature in July is 81.7 degrees, with an average low temperature in January of 5.4 degrees. The average rainfall is approximately 34.4 inches per year, with 36.6 inches of snow per year.