53551 Lake Mills, WI is an ideal place to live for those who are looking for a great balance between affordability and quality of life. It is home to several local companies including Lake Mills Manufacturing Co., Lakes Aviation, J.H. Findorff & Son Inc., and A-1 Exteriors LLC. The two bedroom rent in the area is $1,000 which is much lower than the US average of $1,430. Additionally, grocery cost index in this area is 98 versus 100 in the US, further confirming that living in this area can be more economical than other places in the US.
Lake Mills (zip 53551) has an unemployment rate of 4.4%. The US average is 6.0%.
Lake Mills (zip 53551) has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 31.3%, which is lower than the US average of 33.5%.
Tax Rates for Lake Mills (zip 53551)
- The Sales Tax Rate for Lake Mills (zip 53551) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Lake Mills (zip 53551) is 6.3%. 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 53551)
- The average income of a Lake Mills (zip 53551) resident is $30,545 a year. The US average is $28,555 a year.
- The Median household income of a Lake Mills (zip 53551) resident is $77,049 a year. The US average is $69,021 a year.