Lake Mills is a somewhat small city located in the state of Wisconsin. With a population of 6,439 people and two associated neighborhoods, Lake Mills is the 138th largest community in Wisconsin.

One interesting thing about the economy is that relatively large numbers of people worked from their home: 12.00% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

Being a small city, Lake Mills does not have a public transit system used by locals to get to and from work.

The education level of Lake Mills ranks among the highest in the nation. Of the 25-and-older adult population in Lake Mills, 40.96% have at least a bachelor's degree. The typical US community has just 21.84% of its adults holding a bachelor's degree or graduate degree.

The per capita income in Lake Mills in 2022 was $40,258, which is upper middle income relative to Wisconsin and the nation. This equates to an annual income of $161,032 for a family of four.

The people who call Lake Mills home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Lake Mills residents report their race to be White, followed by Black or African-American. Important ancestries of people in Lake Mills include German, Irish, Polish, English, and Italian.

The most common language spoken in Lake Mills is English. Other important languages spoken here include Polish and Italian.