Housing costs in Lake Mills?
A typical home costs
$329,400, which is 2.6% less expensive than the national average of
$338,100 and 34.9% more expensive than the average Wisconsin home, at
$244,100. Renting a two-bedroom unit in Lake Mills costs
$1,000 per month, which is 2.9% cheaper than the national average of
$1,030 and close to the state average of
$1,000.
Can I afford Lake Mills?
To live comfortably in Lake Mills (zip 53551), Wisconsin, a minimum annual income of
$63,000 for a family, and
$30,400 for a single person is recommended.
What does A.I. say about Lake Mills?
The cost of living in 53551 Lake Mills, WI is quite reasonable compared to other parts of the United States. The median home price in this area is $203,500, which is slightly lower than the median across Wisconsin. In addition, the overall cost of living index for the region is 93.2, which is well below the national average. This means that basic necessities such as groceries and utilities are more affordable than average. Furthermore, taxes are relatively low in Lake Mills compared to other parts of Wisconsin; sales tax rate stands at 5% while property tax rates are between 0.62%-1.58%, depending on the value of one’s property. All these factors make 53551 Lake Mills a great place to live as it offers a good balance between cost, quality, and convenience for its residents.