Income & Economy in Lake Mills city, WI (53551)
Median Income
$89,841
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+553
Wealth inflow
Population
9,485
Unemployment
0.6%
3.1pp below US avg
IRS migration statistics show a net inflow of about 553 for ZIP 53551 (Lake Mills city, WI) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.
Historical Trends in 53551 (2020–Present)
Since 2020, population grew 4.7%, median income rose 1.7% (inflation-adjusted), home values increased 24.0%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $89,841 |
| Unemployment | 0.6% |
| Establishments | 232 |
| Employees | 2,607 |