Housing costs in Lake Mills?
A typical home costs
$133,600, which is 60.5% less expensive than the national average of
$338,100 and 31.5% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Lake Mills costs
$790 per month, which is 44.8% cheaper than the national average of
$1,430 and 17.7% cheaper than the state average of
$930.
Can I afford Lake Mills?
To live comfortably in Lake Mills, Iowa, a minimum annual income of
$25,560 for a family, and
$24,000 for a single person is recommended.
What does A.I. say about Lake Mills?
The cost of living in Lake Mills, IA is quite affordable compared to other cities. The cost of housing is especially reasonable with a median home price of $129,800 according to Zillow. Other necessities like groceries and transportation are also reasonably priced making it an ideal place for individuals and families on a budget. With its small-town charm and friendly locals, Lake Mills is a great option for those looking to settle down in an affordable area without sacrificing quality of life.