Cost of Living in Lake Mills, IA

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A+
12%
Overall NAT. AVG.
0%
Groceries NAT. AVG.
40%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Lake Mills Iowa National
Cost of living8889100
Groceries10097100
Health care10196100
Housing6074100
Transportation9797100
Utilities10695100
Lifestyle & Entertainment9995100
Household Items9797100
Education & Childcare10494100
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Homes For Sale In Lake Mills, IA

property for sale

608 S 1st Ave E

Lake Mills, IA
property for sale

108 S Franklin St

Lake Mills, IA
property for sale

607 S Mill St

Lake Mills, IA
property for sale

24400 Maple Dr

Lake Mills, IA

Cost Of Living Quick Facts

  • The cost of living in Lake Mills is 1% lower than the Iowa average
  • The cost of living in Lake Mills is 12% lower than the national average
  • Lake Mills housing is 40% lower than the national average
  • Iowa general sales tax is 18% higher than the national average
  • Iowa state income tax is 69% higher than the national average

Most Affordable Places to Live in and Around Lake Mills

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      Salary Calculator

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      Price difference in compared to
      Cost of living index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
      Household index
      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$101,472$8,456$2,368$3,044
      Renters$53,925$4,494$1,258$1,618

      Iowa Sales Tax

      State General Sales Tax With Max Surtax
      Iowa 6% 7%

      Iowa Income Tax

      State Income Tax (Low) Income Tax (High)
      Iowa 4.4% 6%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Scarville, IA547723.2%
      Walters, MN667723.0%
      Bricelyn, MN3017920.8%
      Conger, MN1338217.8%
      Crystal Lake, IA2698316.7%
      Lake Mills, IA2,1878811.6%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Owingsville, KY2,1878218.2%
      Mechanic Falls, ME2,187973.4%
      Deltana, AK2,18611817.6%
      Icard, NC2,1868713.2%
      Eagle, WI2,1861033.0%
      Lake Mills, IA2,1878811.6%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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