Lake Mills, WI Cost Of Living

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Updated: 2020-03-08
Lake Mills's Overall Cost Of Living
Higher Than The National Average
The cost of living index is set to 100 for the average place in America. An index above 100 means Lake Mills is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Lake Mills, WI?

According to the most recent data on the cost of living, Lake Mills has an overall cost of living index of 102 which is 1.0x higher than the national index of 100.

Compared to only Wisconsin, Lake Mills has a cost of living index that's 1.1x higher than Wisconsin's index of 96.

The standard of living in Lake Mills ranks as #3423 most affordable out of the 6522 places we measured in Wisconsin. By definition, that implies Lake Mills ranks as the #2983 most expensive place in the Badger State.

Lake Mills Cost Of Living Vs. Wisconsin

Living Expense Lake Mills Wisconsin National Average
Overall 102 96 100
Services 106 98 100
Groceries 106 97 100
Health 123 113 100
Housing 93 88 100
Transportation 104 100 100
Utilities 100 97 100
For more reading on cost of living around Wisconsin, check out:
Lake Mills Cost of Living Vs. WI

Lake Mills, WI Housing Cost Breakdown

Housing swings affordability the most between places in Wisconsin, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

Median Home Value
Median Rent
Median Income
Statistic Lake Mills Wisconsin United States
Median Home Value $187,700 $173,600 $204,900
Median Rent $1,004 $837 $1,023
Median Income $67,774 $59,209 $60,293
Home Value To Income 2.8x 2.9x 3.4x
Rent To Monthly Income 0.18x 0.17x 0.2x

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Cost Of Living In Cities Around Lake Mills

City Population Cost Of Living Vs. Lake Mills
Sun Prairie, WI 32,757 107 1.0x
Watertown, WI 23,677 98 1.0x
Whitewater, WI 14,766 99 1.0x
Stoughton, WI 13,080 103 1.0x
Fort Atkinson, WI 12,429 98 1.0x
McFarland, WI 8,492 111 1.1x
Jefferson, WI 7,964 98 1.0x
Cottage Grove, WI 6,904 113 1.1x
Edgerton, WI 5,522 96 0.9x

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