Lake Mills vs Watertown

A side-by-side comparison of Lake Mills and Watertown: population, income, housing, and more.

Lake Mills and Watertown are places in Wisconsin. This page compares them across population, income, housing, education, commuting, and how each has changed since 2019.

Watertown has the higher population (22,873 vs 6,391 in Lake Mills). Lake Mills has the higher median household income ($87,039 vs $68,333 in Watertown). Lake Mills has the higher median home value ($282,400 vs $211,500 in Watertown).

Population, income & housing

	Lake Mills	Watertown
Population	6,391	22,873
Median age	40.2 yrs	40.4 yrs
Median household income	$87,039	$68,333
Median home value	$282,400	$211,500
Median gross rent	$1,095	$1,061
Housing units	2,800	9,360
Homeownership rate	68.6%	59.8%
Bachelor's degree or higher	45.0%	19.0%
Unemployment rate	0.5%	5.5%

Trends (ACS 5-year, 2019–2023)

	Lake Mills	Watertown
Population	5,895 → 6,391 (+8.4%)	23,633 → 22,873 (-3.2%)
Median household income	$70,239 → $87,039 (+23.9%)	$51,534 → $68,333 (+32.6%)
Median home value	$198,100 → $282,400 (+42.6%)	$153,100 → $211,500 (+38.1%)
Median gross rent	$978 → $1,095 (+12.0%)	$860 → $1,061 (+23.4%)

Lake Mills

Population

5,8956,391

Median household income

$70,239$87,039

Median home value

$198,100$282,400

Median gross rent

$978$1,095

Watertown

Population

23,63322,873

Median household income

$51,534$68,333

Median home value

$153,100$211,500

Median gross rent

$860$1,061

Age & race/ethnicity

Age distribution (share)

	Lake Mills	Watertown
Under 5	4.1%	5.9%
5 to 17	17.9%	16.3%
18 to 24	7.7%	11.0%
25 to 34	14.9%	10.4%
35 to 44	12.6%	12.1%
45 to 54	14.4%	11.9%
55 to 64	10.5%	13.5%
65 to 74	13.5%	9.4%
75 and over	4.4%	9.5%

Race & ethnicity (share)

	Lake Mills	Watertown
White (non-Hispanic)	87.1%	85.1%
Black or African American	1.1%	0.2%
American Indian & Alaska Native	0.0%	0.1%
Asian	0.5%	0.1%
Native Hawaiian & Pacific Islander	0.0%	0.0%
Some other race	0.0%	0.3%
Two or more races	3.1%	2.6%
Hispanic or Latino	8.2%	11.5%

Educational attainment (age 25+)

Share of adults 25+

	Lake Mills	Watertown
No high school diploma	3.5%	8.3%
High school graduate	24.6%	40.5%
Some college or associate's	26.9%	32.2%
Bachelor's degree	28.9%	14.3%
Graduate or professional degree	16.1%	4.8%

Commute to work

How workers get to work (share)

	Lake Mills	Watertown
Drove alone	83.1%	76.9%
Carpooled	1.6%	10.6%
Public transit	0.0%	0.0%
Walked	0.9%	3.9%
Bicycle	0.0%	0.5%
Worked from home	14.3%	6.1%
Other means	0.0%	1.9%

Housing

Units in structure (share)

	Lake Mills	Watertown
1-unit, detached	65.0%	61.8%
1-unit, attached	2.9%	4.6%
2 to 4 units	6.7%	13.0%
5 to 19 units	14.1%	10.8%
20 or more units	2.9%	9.7%
Mobile home & other	8.3%	0.0%

Poverty & households

	Lake Mills	Watertown
Poverty rate	4.9%	9.9%
Average household size	2.56	2.46
Mean commute (minutes)	25	24
Median year structure built	1981	1971