Lake Mills is a city located in Winnebago County, Iowa. Lake Mills has a 2026 population of 2,044. Lake Mills is currently declining at a rate of -0.78% annually and its population has decreased by -4.58% since the most recent census, which recorded a population of 2,142 in 2020.
The median household income in Lake Mills is $61,875 with a poverty rate of 15.31%. The median age in Lake Mills is 46.2 years: 45.4 years for males, and 47.4 years for females. For every 100 females there are 85.4 males.
Data after 2023 is projected based on recent change
Overall: 46.2 years
Female: 47.4 years
Male: 45.4 years
There are 1,724 adults, (486 of whom are seniors) in Lake Mills.
Female: 1,126 (53.9%)
Male: 962 (46.1%)
The racial composition of Lake Mills includes 88.31% White, and smaller percentages for other race, Asian and multiracial populations.
| Race | Population ↓ | Percentage (of total) |
|---|---|---|
| White | 1,844 | 88.31% |
| Two or more races | 226 | 10.82% |
| Other race | 16 | 0.77% |
| Asian | 2 | 0.1% |
Lake Mills ' average per capita income is $43,319. Household income levels show a median of $61,875. The poverty rate stands at 15.31%.
| Name | Median ↓ | Mean |
|---|---|---|
| Married Families | $93,500 | - |
| Families | $78,378 | $84,177 |
| Households | $61,875 | $72,829 |
| Non Families | $34,964 | $51,071 |
Average Income
Median Household Income
Poverty Rate