Lake Mills, IA is an exciting place to live with many unique attractions. The city of Lake Mills has a population of 5,0450 and is located in Winnebago County. The average rent for a two bedroom apartment in the city is $770, which is much lower than the national average of $1,430. Additionally, grocery costs are much more affordable compared to other cities with an index rating of 94 as opposed to 100 nationally.
The city offers plenty of activities for residents of all ages. For outdoor enthusiasts there are several parks including the picturesque Jubilee Park which features picnic tables and walking trails. For those interested in local history, the Lyons-Edwards House Museum showcases this small town's past. Other popular options include the natural beauty of Donnybrook Nature Center and golfing at Plum Creek Golf Course. Adventure seekers can also take advantage of nearby lakes like Cottonwood Lake for swimming or fishing activities.
For dining and shopping needs locals love having access to places like Kegel’s Inn Family Restaurant & Bar or Quilts & Quaintiques for quilting supplies and apparel. If you're looking for entertainment be sure to check out Cafe 1881 or Grainbelt Cinema 8 Theater where you can catch up on the latest films and shows.
Lake Mills (zip 50450) has an unemployment rate of 4.1%. The US average is 6.0%.
Lake Mills (zip 50450) has seen the job market decrease by -6.5% over the last year. Future job growth over the next ten years is predicted to be 28.7%, which is lower than the US average of 33.5%.
Tax Rates for Lake Mills (zip 50450)
- The Sales Tax Rate for Lake Mills (zip 50450) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Lake Mills (zip 50450) is 9.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lake Mills (zip 50450)
- The average income of a Lake Mills (zip 50450) resident is $31,905 a year. The US average is $37,638 a year.
- The Median household income of a Lake Mills (zip 50450) resident is $68,407 a year. The US average is $69,021 a year.