The median household income in Lake Mills, IA in 2022 was $62,862, which was 10.7% less than the median annual income of $69,588 across the entire state of Iowa. Compared to the median income of $33,723 in 2000 this represents an increase of 46.4%. The per capita income in 2022 was $33,731, which means an increase of 43.2% compared to 2000 when it was $19,155.
Whole page based on the data from 2000 / 2022 when the population of Lake Mills, Iowa was 2,140 / 1,972
Income statistics for all residents
Median household income in Lake Mills, IA in 2022:
Lake Mills:
$62,862
State:
$69,588
Change in median household income between 2000 and 2022:
Lake Mills, Iowa:
+86.4%
State:
+76.3%
Number of households with income < $10k:
Lake Mills:
5.5% (50)
State:
4.3% (57,792)
Number of households with income $10k - 20k:
Lake Mills:
8.4% (76)
State:
7.1% (94,476)
Number of households with income $20k - 30k:
Lake Mills:
10.7% (97)
State:
7.5% (99,451)
Number of households with income $30k - 40k:
Lake Mills:
8.9% (81)
Iowa:
7.9% (105,366)
Number of households with income $40k - 50k:
Lake Mills:
7.1% (65)
State:
8.3% (110,374)
Number of households with income $50k - 60k:
Lake Mills:
7.0% (64)
State:
8.0% (106,753)
Number of households with income $60k - 75k:
Lake Mills:
14.2% (129)
Iowa:
10.3% (137,637)
Number of households with income $75k - 100k:
Lake Mills:
14.4% (131)
State:
14.2% (188,515)
Number of households with income $100k - 125k:
Lake Mills:
5.7% (52)
Iowa:
10.3% (136,469)
Number of households with income $125k - 150k:
Lake Mills:
12.4% (113)
State:
7.1% (94,270)
Number of households with income $150k - 200k:
Lake Mills:
4.0% (36)
Iowa:
7.8% (103,165)
Number of households with income > $200k:
Lake Mills:
1.8% (16)
State:
7.3% (96,727)
Aggregate household income in Lake Mills in 2022: $65,579,497
Median family income in Lake Mills in 2022:
Lake Mills:
$77,708
State:
$90,851
Number of families with income < $10k:
Lake Mills:
6.0% (34)
State:
2.5% (20,874)
Number of families with income $10k - 20k:
Lake Mills:
7.0% (39)
Iowa:
3.2% (26,365)
Number of families with income $20k - 30k:
Lake Mills:
3.2% (18)
State:
4.3% (35,635)
Number of families with income $30k - 40k:
Lake Mills:
4.8% (27)
State:
5.4% (44,304)
Number of families with income $40k - 50k:
Lake Mills:
9.3% (52)
State:
6.8% (55,757)
Number of families with income $50k - 60k:
Lake Mills:
1.6% (9)
Iowa:
6.7% (55,443)
Number of families with income $60k - 75k:
Lake Mills:
17.1% (95)
State:
10.2% (83,983)
Number of families with income $75k - 100k:
Lake Mills:
15.4% (86)
State:
16.5% (135,546)
Number of families with income $100k - 125k:
Lake Mills:
7.4% (41)
State:
13.2% (108,552)
Number of families with income $125k - 150k:
Lake Mills:
18.7% (104)
Iowa:
9.7% (79,659)
Number of families with income $150k - 200k:
Lake Mills:
6.4% (36)
State:
11.0% (90,640)
Number of families with income > $200k:
Lake Mills:
2.8% (16)
State:
10.4% (85,202)
Median income for 2 person families:
Lake Mills:
$77,071
State:
$80,287
Median non-family income in Lake Mills in 2022:
Lake Mills:
$30,779
State:
$41,504
Change in median non-family income between 2000 and 2022:
Lake Mills, Iowa:
+44.1%
Iowa:
+84.8%
Median per capita income in Lake Mills in 2022:
Lake Mills:
$33,731
Iowa:
$38,917
Change in median per capita income between 2000 and 2022:
Lake Mills, Iowa:
+76.1%
Iowa:
+97.8%
Income statistics for White residents
Median household income in Lake Mills, IA in 2022:
Lake Mills:
$67,886
State:
$71,725
Change in median household income between 2000 and 2022:
Lake Mills, Iowa:
+100.8%
Iowa:
+79.7%
Number of households with income < $10k:
Lake Mills:
3.6% (31)
State:
4.0% (47,459)
Number of households with income $10k - 20k:
Lake Mills:
8.5% (73)
Iowa:
6.7% (78,901)
Number of households with income $20k - 30k:
Lake Mills:
10.1% (86)
Iowa:
7.1% (83,759)
Number of households with income $30k - 40k:
Lake Mills:
8.8% (75)
Iowa:
7.7% (90,779)
Number of households with income $40k - 50k:
Lake Mills:
6.8% (58)
State:
8.0% (93,777)
Number of households with income $50k - 60k:
Lake Mills:
7.4% (63)
Iowa:
8.0% (94,176)
Number of households with income $60k - 75k:
Lake Mills:
14.9% (127)
State:
10.5% (123,053)
Number of households with income $75k - 100k:
Lake Mills:
15.0% (128)
Iowa:
14.4% (168,483)
Number of households with income $100k - 125k:
Lake Mills:
6.0% (51)
State:
10.6% (124,515)
Number of households with income $125k - 150k:
Lake Mills:
13.1% (112)
Iowa:
7.4% (87,043)
Number of households with income $150k - 200k:
Lake Mills:
4.0% (34)
Iowa:
7.8% (91,953)
Number of households with income > $200k:
Lake Mills:
1.9% (16)
State:
7.6% (88,587)
Aggregate household income in Lake Mills in 2022: $63,517,361
Median family income in Lake Mills in 2022:
Lake Mills:
$80,111
Iowa:
$93,591
Number of families with income < $10k:
Lake Mills:
2.6% (13)
State:
2.1% (15,266)
Number of families with income $10k - 20k:
Lake Mills:
6.9% (36)
State:
2.7% (19,465)
Number of families with income $20k - 30k:
Lake Mills:
2.3% (12)
Iowa:
4.0% (28,678)
Number of families with income $30k - 40k:
Lake Mills:
5.0% (26)
State:
5.0% (36,249)
Number of families with income $40k - 50k:
Lake Mills:
9.4% (48)
State:
6.3% (45,169)
Number of families with income $50k - 60k:
Lake Mills:
1.7% (9)
State:
6.7% (48,577)
Number of families with income $60k - 75k:
Lake Mills:
18.2% (94)
Iowa:
10.4% (75,030)
Number of families with income $75k - 100k:
Lake Mills:
16.1% (83)
State:
16.7% (120,450)
Number of families with income $100k - 125k:
Lake Mills:
8.0% (41)
Iowa:
13.8% (99,746)
Number of families with income $125k - 150k:
Lake Mills:
20.0% (103)
State:
10.2% (73,833)
Number of families with income $150k - 200k:
Lake Mills:
6.7% (34)
State:
11.3% (81,189)
Number of families with income > $200k:
Lake Mills:
3.0% (15)
Iowa:
10.8% (77,838)
Median non-family income in Lake Mills in 2022:
Lake Mills:
$30,598
State:
$41,981
Change in median non-family income between 2000 and 2022:
Lake Mills, Iowa:
+43.3%
State:
+85.4%
Median per capita income in Lake Mills in 2022:
Lake Mills:
$35,190
Iowa:
$41,266
Change in median per capita income between 2000 and 2022:
Lake Mills, Iowa:
+81.8%
State:
+105.0%
Income statistics for Hispanic or Latino residents
Number of households with income < $10k:
Lake Mills:
32.3% (21)
Iowa:
5.6% (3,540)
Number of households with income $10k - 20k:
Lake Mills:
0.0% (0)
State:
6.3% (3,979)
Number of households with income $20k - 30k:
Lake Mills:
6.2% (4)
State:
6.1% (3,857)
Number of households with income $30k - 40k:
Lake Mills:
9.2% (6)
Iowa:
9.7% (6,099)
Number of households with income $40k - 50k:
Lake Mills:
6.2% (4)
Iowa:
11.1% (6,971)
Number of households with income $50k - 60k:
Lake Mills:
0.0% (0)
State:
8.0% (5,046)
Number of households with income $60k - 75k:
Lake Mills:
0.0% (0)
Iowa:
11.6% (7,267)
Number of households with income $75k - 100k:
Lake Mills:
10.8% (7)
State:
16.6% (10,454)
Number of households with income $100k - 125k:
Lake Mills:
7.7% (5)
State:
8.3% (5,202)
Number of households with income $125k - 150k:
Lake Mills:
0.0% (0)
State:
6.9% (4,319)
Number of households with income $150k - 200k:
Lake Mills:
27.7% (18)
Iowa:
5.9% (3,708)
Number of households with income > $200k:
Lake Mills:
0.0% (0)
State:
3.8% (2,363)
Aggregate household income in Lake Mills in 2022: $4,573,616
Median per capita income in Lake Mills in 2022:
Lake Mills:
$22,198
State:
$23,112
Income statistics for Multirace residents
Number of households with income < $10k:
Lake Mills:
65.7% (23)
State:
4.6% (2,786)
Number of households with income $10k - 20k:
Lake Mills:
0.0% (0)
Iowa:
10.1% (6,104)
Number of households with income $20k - 30k:
Lake Mills:
17.1% (6)
State:
6.9% (4,195)
Number of households with income $30k - 40k:
Lake Mills:
0.0% (0)
State:
8.7% (5,248)
Number of households with income $40k - 50k:
Lake Mills:
17.1% (6)
Iowa:
8.6% (5,226)
Number of households with income $50k - 60k:
Lake Mills:
0.0% (0)
State:
9.9% (5,986)
Number of households with income $60k - 75k:
Lake Mills:
0.0% (0)
State:
11.4% (6,890)
Number of households with income $75k - 100k:
Lake Mills:
0.0% (0)
State:
15.2% (9,183)
Number of households with income $100k - 125k:
Lake Mills:
0.0% (0)
State:
6.7% (4,072)
Number of households with income $125k - 150k:
Lake Mills:
0.0% (0)
State:
4.8% (2,917)
Number of households with income $150k - 200k:
Lake Mills:
0.0% (0)
State:
9.0% (5,446)
Number of households with income > $200k:
Lake Mills:
0.0% (0)
State:
4.0% (2,392)
Aggregate household income in Lake Mills in 2022: $872,694
Median per capita income in Lake Mills in 2022:
Lake Mills:
$17,283
State:
$24,977
Income statistics for other residents
Aggregate household income in Lake Mills in 2022: $44,699
Median per capita income in Lake Mills in 2022:
Lake Mills:
$1,105
Iowa:
$24,763
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