Lake Mills 78 Exceptional
Lake Mills Livability #90 ranked city in Wisconsin#2,427 ranked city in the USARanks better than 91% of areas

Pros and Cons of Living in Lake Mills

PROS
  • Crime

    This area is characterized by a crime rate, per 100,000 individuals, that falls well below the national average, indicating its potential as a very safe place to live.

  • Employment

    This area scores extremely well in the employment category. This is primarily due to the combination of low unemployment rates, higher median home income and income per capita.

  • Housing

    The housing category in this area boasts higher than average scores, likely influenced by a positive home affordability ratio, robust appreciation rates or elevated home values.

  • Health & Safety

    Earning a high health and safety score depends on factors such as good air quality and the availability of essential health facilities like hospitals, clinics, doctors, and fire stations.

  • Ratings

    Local residents have positive feedback regarding the convenience of amenities, parks, public transit, the friendliness of neighbors, the strong sense of community, and the overall safety of the area.

CONS
  • Amenities

    It appears that many amenities may not be conveniently situated within walking distance, potentially necessitating the use of a vehicle or public transit.

  • Commute

    Commuters in this area may experience longer-than-average work commute times due to limited public transportation access.

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What's it like Living in Lake Mills?

Lake Mills, Wisconsin is a smaller city with a population of 5,936 people. The majority of Lake Mills residents report their race to be White; this is followed by Black and Asian. On a daily basis, the typical American spends approximately 26 minutes on their one-way work commute. Reduced travel times not only contributes to increased overall happiness, but also affords more opportunities to cherish moments with family and friends. If you're living in Lake Mills, your commute time will align closely with the national average, spanning a one-way duration of approximately 27 minutes.

Without the right tools, relocating to any new town can be very stressful and challenging. Living in Lake Mills, Wisconsin could be a fulfilling experience for anyone who puts in the effort to do the research required. When searching for a new neighborhood, several key items should be considered. Safety is paramount, ensuring a secure environment for you and your family. Proximity to workplaces or schools reduces commuting time and enhances convenience. Access to amenities like parks, grocery stores and healthcare facilities contributes to a comfortable lifestyle. Reliable public transportation options promote easy mobility. A strong sense of community fosters social connections and a welcoming atmosphere. To help you find the best places to live in and around Lake Mills, AreaVibes has created a livability score using key metrics like amenities, cost of living, education, employment, housing and more.

Lake Mills, WI receives 77/100 for its livability score; this results in a ranking of #87 in Wisconsin and #2,481 in the USA. Pack your bags! This is a very high score in comparison to other US cities. Living in Lake Mills could be a great choice! Lake Mills is also ranked in the top 10 percentile of all cities across the USA. If we dig a little deeper into each category within the livability score, we see that Lake Mills has higher than average grades for the following: crime (A+), cost of living (B-), employment (A) and housing (A+). There are some categories that Lake Mills scores poorly for, including: amenities (F). It might be worth taking a closer look to find out why.

Unemployment rates can vary significantly among cities, impacting job prospects, wage levels and the overall economic health of an area. In Lake Mills, the unemployment rate stands at 0.41%, suggesting increased job opportunities and a heightened demand for workers. This scenario can lead to higher wages, as the demand for employees outpaces job availability. Importantly, a low unemployment rate often signifies a robust and flourishing local economy.

Finding affordable real estate and housing in Lake Mills can be tricky. Having said that, this area might be the place to get the best of both worlds. Based on factors like home/rental affordability and appreciation rates, this area has received an above average score in the housing category. A healthy real estate market can lead to wealth appreciation for property owners, as rising property values can contribute to homeowners' equity, financial stability and the ability to build long-term wealth.

Assuming that Lake Mills meets all of your requirements like low crime rates, good schools and great local amenities, the next most important item to examine is the affordability of real estate in Lake Mills. Everything else becomes a lot less important if it turns out that home prices in Lake Mills are simply unattainable. The median home price for Lake Mills homes is $197,400, which is 18.2% higher than the Wisconsin average. If we take a closer look at the affordability of homes in Lake Mills, we’ll see that the home price to income ratio is 2.8, which is 9.7% lower than the Wisconsin average.

Best Places to Live in and Around Lake Mills

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How Do You Rate The Livability In Lake Mills?

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Compare Lake Mills, WI Livability

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      Lake Mills transportation information

      Statistic Lake Mills Wisconsin National
      Average one way commute27min22min26min
      Workers who drive to work78.7%80.7%76.4%
      Workers who carpool4.6%8.3%9.3%
      Workers who take public transit0.0%1.9%5.1%
      Workers who bicycle0.6%0.8%0.6%
      Workers who walk4.3%3.3%2.8%
      Working from home10.9%4.2%4.6%
      Source: The Lake Mills, WI data and statistics displayed above are derived from the United States Census Bureau American Community Survey (ACS).