Lake Mills, IA

Census Place

2024 Population

2,088

US Senator

Chuck Grassley

Republican Party

US Senator

Joni Ernst

Republican Party

2024 Median Age

46.2

5.48% 1-year increase

2024 Poverty Rate

15.3%

3.52% 1-year decrease

2024 Median Household Income

$61,875

12% 1-year decline

2024 Median Property Value

$122,600

Population & Diversity

Lake Mills, IA is home to a population of 2.09k people, from which 98.9% are citizens.

As of 2024, 2.11% of Lake Mills, IA residents were born outside of the country (44 people).

In 2024, there were 10.1 times more White (Non-Hispanic) residents (1.84k people) in Lake Mills, IA than any other race or ethnicity. There were 183 Two Races Including Other (Hispanic) and 32 Two Races Excluding Other, & Three or More Races (Non-Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

98.9%

2024 Citizenship

98.9%

2023 Citizenship

As of 2024, 98.9% of Lake Mills, IA residents were US citizens, which is higher than the national average of 93.2%. In 2023, the percentage of US citizens in Lake Mills, IA was 98.9%, meaning that the rate of citizenship has been increasing.

The following chart shows US citizenship percentages in Lake Mills, IA compared to that of it's neighboring and parent geographies.

Diversity

Race and Ethnicity

The 3 largest ethnic groups in Lake Mills, IA

White (Non-Hispanic)
1.84k ± 234
Two Races Including Other (Hispanic)
183 ± 133
Two Races Excluding Other, & Three or More Races (Non-Hispanic)
32 ± 35

9.53%

Hispanic Population

199 people

9.53% of the people in Lake Mills, IA are hispanic (199 people).

The following chart shows the 8 races represented in Lake Mills, IA as a share of the total population.

Global Diversity

The PUMS dataset is not available at the Place level, so we are showing data for Iowa.

Most Common Origin

Mexico
44,333 ± 5,134 people
India
11,889 ± 2,672 people
Guatemala
8,189 ± 2,219 people

In 2024, the most common birthplace for the foreign-born residents of Iowa was Mexico, the natal country of 44,333 Iowa residents, followed by India with 11,889 and Guatemala with 8,189.

Foreign-Born Population

2.11%

2024 Foreign-Born Population

44 people

1.85%

2023 Foreign-Born Population

38 people

As of 2024, 2.11% of Lake Mills, IA residents (44 people) were born outside of the United States, which is approximately the same as the national average of 14%. In 2023, the percentage of foreign-born citizens in Lake Mills, IA was 1.85%, meaning that the rate has been increasing.

The following chart shows the percentage of foreign-born residents in Lake Mills, IA compared to that of it's neighboring and parent geographies.

Military

Veterans

Most Common Service Period

Vietnam
31 ± 25
Korea
14 ± 18
Gulf War (2001-)
12 ± 16

Lake Mills, IA has a large population of military personnel who served in Vietnam, 2.21 times greater than any other conflict.

The chart shows the distribution of veterans by conflict in Lake Mills, IA.

Economy

The economy of Lake Mills, IA employs 1.16k people. In 2024, the largest industries in Lake Mills, IA were Health Care & Social Assistance (299 people), Manufacturing (210 people), and Construction (122 people), and the highest paying industries were Wholesale Trade ($110,139), Professional, Scientific, & Management, & Administrative & Waste Management Services ($105,556), and Information ($61,667).

Employment

Occupations

1.16k

2024 Value

± 186

8.84%

1 Year growth

± 20.9%

From 2023 to 2024, employment in Lake Mills, IA grew at a rate of 8.84%, from 1.06k employees to 1.16k employees.

The most common job groups, by number of people living in Lake Mills, IA, are Production Occupations (129 people), Health Diagnosing & Treating Practitioners & Other Technical Occupations (114 people), and Construction & Extraction Occupations (109 people). This chart illustrates the share breakdown of the primary jobs held by residents of Lake Mills, IA.

Unemployment Insurance Claims

Data is only available at the state level. Showing data for Iowa.

This chart shows weekly unemployment insurance claims in Iowa (not-seasonally adjusted) compared with the four states with the most similar impact.

The most recent data point uses Advance State Claims data, which can be revised in subsequent weeks.

Industries

Employment by Industries

1.16k

2024 Value

± 186

8.84%

1 Year growth

± 20.9%

From 2023 to 2024, employment in Lake Mills, IA grew at a rate of 8.84%, from 1.06k employees to 1.16k employees.

The most common employment sectors for those who live in Lake Mills, IA, are Health Care & Social Assistance (299 people), Manufacturing (210 people), and Construction (122 people). This chart shows the share breakdown of the primary industries for residents of Lake Mills, IA, though some of these residents may live in Lake Mills, IA and work somewhere else. Census data is tagged to a residential address, not a work address.

Median Earnings by Industry

$44,815

Median earning men ± $6,000

$40,617

Median earning women ± $3,351

The industries with the best median earnings for men in 2024 are Wholesale Trade ($110,139), Professional, Scientific, & Management, & Administrative & Waste Management Services ($105,556), and Educational Services, & Health Care & Social Assistance ($85,121).

The industries with the best median earnings for women in 2024 are Information ($70,000), Manufacturing ($43,839), and Arts, Entertainment, & Recreation, & Accommodations & Food Services ($41,250).

Housing & Living

The median property value in Lake Mills, IA was $122,600 in 2024, which is 0.369 times smaller than the national average of $332,700. Between 2023 and 2024 the median property value increased from $127,100 to $122,600, a 3.54% decrease. The homeownership rate in Lake Mills, IA is 62.8%, which is lower than the national average of 65.2%.

People in Lake Mills, IA have an average commute time of 14.6 minutes, and they drove alone to work. Car ownership in Lake Mills, IA is approximately the same as the national average, with an average of 2 cars per household.

Housing

Property

$122,600

Median Property Value 2024

±$15,126

$624

Median Property Taxes

±$120

The following chart display owner-occupied housing units distributed between a series of property tax buckets compared to the national averages for each bucket. In Lake Mills, IA the largest share of households pay taxes in the $800 - $1,499 range.

The chart underneath the paragraph shows the property taxes in Lake Mills, IA compared to it's parent and neighbor geographies.

Rent vs Own

62.8%

Homeownership

2024

58.7%

Homeowners with Mortgage

2024

In 2024, 62.8% of the housing units in Lake Mills, IA were occupied by their owner. This percentage declined from the previous year's rate of 67.1%.

This chart shows the percentage of owner in Lake Mills, IA compared it's parent and neighboring geographies.

Equity

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.

$61,875

Median Household Income

± $12,605

993

Number of Households

± 163

In 2024, the median household income of the 993 households in Lake Mills, IA declined from $61,875 from the previous year's value of $70,333.

The following chart displays the households in Lake Mills, IA distributed between a series of income buckets compared to the national averages for each bucket. The largest share of households have an income in the $75k - $100k range.

Wage Distribution

The closest comparable wage GINI for Lake Mills, IA is from Iowa.

0.435

2024 Wage GINI in Iowa

0.441

2023 Wage GINI in Iowa

In 2024, the income inequality in Iowa was 0.435 according to the GINI calculation of the wage distribution. Income inequality had a 1.29% decline from 2023 to 2024, which means that wage distribution grew somewhat more even. The GINI for Iowa was lower than than the national average of 0.474. In other words, wages are distributed more evenly in Iowa in comparison to the national average.

This chart shows the number of workers in Iowa across various wage buckets compared to the national average.

Transportation

Commuter Transportation

Most Common Commute in 2024

Drove Alone (86.8%)
Carpooled (7.41%)
Worked At Home (4.35%)

In 2024, 86.8% of workers in Lake Mills, IA drove alone to work, followed by those who carpooled to work (7.41%) and those who worked at home (4.35%).

The following chart shows the number of households using each mode of transportation over time, using a logarithmic scale on the y-axis to help better show variations in the smaller means of commuting.

Commute Time

14.6 minutes

Average Travel Time

Using averages, employees in Lake Mills, IA have a shorter commute time (14.6 minutes) than the normal US worker (26.4 minutes). Additionally, 0.484% of the workforce in Lake Mills, IA have "super commutes" in excess of 90 minutes.

The chart below shows how the median household income in Lake Mills, IA compares to that of it's neighboring and parent geographies.

Car Ownership

2 cars

Average Number

The following chart displays the households in Lake Mills, IA distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Lake Mills, IA have 2 cars.

Poverty

Poverty & Diversity

15.3% of the population for whom poverty status is determined in Lake Mills, IA (312 out of 2.04k people) live below the poverty line, a number that is higher than the national average of 12.5%. The largest demographic living in poverty are Females 25 - 34, followed by Females 18 - 24 and then Males 6 - 11.

The most common racial or ethnic group living below the poverty line in Lake Mills, IA is White, followed by Two Or More and Hispanic.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.

Social Needs

Data only available at the state level.

Most prevalent states

California
35,798 individuals
New York
5,087 individuals

In 2017, California had the highest estimated number of chronically homeless individuals in the nation, at 35,798, followed by New York (5,087).

The following map shows the estimated number of chronically homeless individuals by state over multiple years.

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