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The total population of Lake Mills is estimated to be 6,280 with 3,171 males (50.49%) and 3,109 females (49.51%). There are 62 less females than males in Lake Mills.
The median household income in Lake Mills was $78,658 in 2021, which marked an a decrease of 176(0.22%) from $78,834 in 2020. This income is 105.43% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Lake Mills sees its highest median household income among householders in the age group of 25 to 44 years old, at $95,053. Overall, the median household income for the city of Lake Mills stands at $78,658.
In Lake Mills, the median income for all workers aged 15 years and older, regardless of work hours, was $50,034 for males and $38,599 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $66,341 for males and $47,644 for females.
In Lake Mills, there are just two different racial groups among households. Among these, Asian households report a median household income of $106,902, while White households have a median household income of $79,754.
In 2022, the population of Lake Mills was 6,439, a 0.09% decrease year-by-year from 2021. Previously, in 2021, Lake Mills's population was 6,445, an increase of 3.57% compared to a population of 6,223 in 2020.
The median age in Lake Mills, WI is 37.5, as per 2021 ACS 5-Year Estimates. Of the total population, 20.81% were under the age of 15, 18.08% aged 15 to 29, 45.69% aged 30 to 64, 14.53% aged 65 to 84, and 0.89% were 85 years of age and older.
Racial distribution of Lake Mills population: 88.23% are White, 0.21% are Black or African American, 1.11% are Asian, 5.49% are some other race and 4.96% are multiracial.