Income & Economy in Lake Mills city, IA (50450)
Median Income
$76,522
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+172
Wealth inflow
Population
3,001
Unemployment
2.0%
1.7pp below US avg
IRS migration statistics show a net inflow of about 172 for ZIP 50450 (Lake Mills city, IA) 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 50450 (2020–Present)
Since 2020, population grew 3.8%, median income rose 2.5% (inflation-adjusted), home values increased 21.3%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $76,522 |
| Unemployment | 2.0% |
| Establishments | 96 |
| Employees | 1,272 |