| Index | Lake Mills | Iowa | National |
| Cost of living | 84 | 89 | 100 |
| Goods & Services | 94 | 95 | 100 |
| Groceries | 94 | 99 | 100 |
| Health care | 103 | 101 | 100 |
| Housing | 54 | 73 | 100 |
| Transportation | 92 | 95 | 100 |
| Utilities | 111 | 94 | 100 |
| Cost of living index | |
| Goods & Services index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $68,000 | $5,667 | $1,587 | $2,040 |
| Renters | $35,833 | $2,986 | $836 | $1,075 |
| State | General Sales Tax | With Max Surtax |
| Iowa | 6% | 7% |
| State | Income Tax (Low) | Income Tax (High) |
| Iowa | 0.33% | 8.53% |
| Item | Lake Mills | National avg. | Difference |
| Haircut | $31.67 | $22.08 | 43.4% |
| Beauty Salon | $30.41 | $42.88 | 29.1% |
| Toothpaste | $2.22 | $2.57 | 13.5% |
| Shampoo | $1.24 | $1.15 | 7.5% |
| Movie | $9.83 | $11.51 | 14.5% |
| Bowling | $10.61 | $16.62 | 36.1% |
| Item | Lake Mills | National avg. | Difference |
| Ground Beef | $4.71 | $4.98 | 5.5% |
| Fried Chicken | $1.86 | $1.58 | 17.2% |
| Milk | $2.42 | $2.42 | 0.2% |
| Potatoes | $3.04 | $3.54 | 13.9% |
| Pizza | $11.27 | $11.49 | 1.9% |
| Beer | $9.17 | $10.04 | 8.7% |
| Item | Lake Mills | National avg. | Difference |
| Optometrist | $89.67 | $117.76 | 23.9% |
| Doctor | $152.00 | $125.34 | 21.3% |
| Dentist | $102.00 | $107.52 | 5.1% |
| Ibuprofen | $10.54 | $10.26 | 2.7% |
| Lipitor | $432.09 | $459.24 | 5.9% |
| Item | Lake Mills | National avg. | Difference |
| Home Price | $104,000.00 | $184,700.00 | 43.7% |
| Avg. Mortgage Payment | $1,240.14 | $1,697.41 | 26.9% |
| Apartment Rent | $612.00 | $949.00 | 35.5% |
| Item | Lake Mills | National avg. | Difference |
| Gasoline | $3.49 | $3.85 | 9.4% |
| Tire Balancing | $55.27 | $57.01 | 3.1% |
| Item | Lake Mills | National avg. | Difference |
| All Electricity | $210.14 | $177.27 | 18.5% |
| Phone | $188.32 | $189.62 | 0.7% |
| City | Population | Cost of Living Index | National Avg. |
| Walters, MN | 65 | 73 | 26.9% |
| Scarville, IA | 52 | 73 | 26.5% |
| Thompson, IA | 496 | 77 | 22.9% |
| Crystal Lake, IA | 264 | 77 | 22.6% |
| Kiester, MN | 552 | 77 | 22.6% |
| Lake Mills, IA | 2,108 | 84 | 16.2% |
| City | Population | Cost of Living Index | National Avg. |
| Fort Valley, AZ | 2,108 | 148 | 47.6% |
| Rising Sun, IN | 2,108 | 90 | 9.8% |
| Narrows, VA | 2,108 | 83 | 16.6% |
| Okanagan-Similkameen F, BC | 2,108 | n/a | |
| Burns Harbor, IN | 2,107 | 104 | 3.6% |
| Lake Mills, IA | 2,108 | 84 | 16.2% |
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