Housing costs in Lake Mills?
A typical home costs
$141,000, which is 58.3% less expensive than the national average of
$338,100 and 27.7% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Lake Mills costs
$770 per month, which is 46.2% cheaper than the national average of
$1,430 and 20.8% cheaper than the state average of
$930.
Can I afford Lake Mills?
To live comfortably in Lake Mills (zip 50450), Iowa, a minimum annual income of
$27,000 for a family, and
$23,600 for a single person is recommended.
What does A.I. say about Lake Mills?
Living in 50450 Lake Mills, IA is an affordable option for those looking to settle down in the Midwest. The cost of living in this area is 8% lower than the national average, making it a great choice for budget-minded individuals and families. Renting an apartment averages around $600 - $800 per month with a variety of housing styles available. Utilities can be kept low with minimal appliances and efficient insulation and heating systems. Groceries, healthcare, transportation, and other goods and services are all relatively inexpensive as well when compared to larger cities nearby.