Cost of Living in Lake Mills, WI

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1%
Overall NAT. AVG.
1%
Groceries NAT. AVG.
5%
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 Wisconsin National
Cost of living10196100
Groceries9999100
Health care9998100
Housing10589100
Transportation9798100
Utilities101101100
Lifestyle & Entertainment10198100
Household Items10099100
Education & Childcare9498100
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Homes For Sale In Lake Mills, WI

property for sale

814 Highland Rd

Lake Mills, WI
property for sale

W8147 Elm Point Rd

Lake Mills, WI
property for sale

721 W Madison St

Lake Mills, WI
property for sale

212 S Main St

Lake Mills, WI

Cost Of Living Quick Facts

  • The cost of living in Lake Mills is 5% higher than the Wisconsin average
  • The cost of living in Lake Mills is 1% higher than the national average
  • Lake Mills housing is 5% higher than the national average
  • Wisconsin general sales tax is 2% lower than the national average
  • Wisconsin state income tax is 36% higher than the national average

Most Affordable Places to Live in and Around Lake Mills

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      Utilities index
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      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$119,332$9,944$2,784$3,580
      Renters$60,780$5,065$1,418$1,824
      A good way to judge both the affordability of the housing and the cost of living in Lake Mills is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Lake Mills has a median income of about $119,332 for people who own homes. Based on that number, a maximum of $2,784 should be spent on expenses related to housing. Renters have a slightly different median income, which is $60,780. Based on this average, renters should spend no more than $1,418 on all rental costs if they want to maintain a non-impoverished standard of living.

      Wisconsin Sales Tax

      State General Sales Tax With Max Surtax
      Wisconsin 5% 6.75%

      Wisconsin Income Tax

      State Income Tax (Low) Income Tax (High)
      Wisconsin 3.54% 7.65%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Watertown, WI24,039954.6%
      Waterloo, WI3,450954.5%
      Jefferson, WI8,237964.4%
      Fort Atkinson, WI12,734963.9%
      Helenville, WI252973.4%
      Lake Mills, WI6,1321010.6%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Lake Alfred, FL6,132972.9%
      Pea Ridge, AR6,1311022.4%
      Taylor, PA6,135937.4%
      Portland, CT6,12811111.0%
      Cocoa West, FL6,136945.9%
      Lake Mills, WI6,1321010.6%
      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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