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CITY

Lake of the Woods

Illinois · 2,091 residents · 1.682 sq mi
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The short version

Lake of the Woods has notably lower household income than the US average, with a median household income of $61,625. Population has fallen 31% since 2000, a loss of 935 residents. Median home value has more than tripled since 2000, reaching $193,500. Poverty is rare here, at 4.7% of residents. Households here earn about 26% less than the Illinois median.

At a glance
Lower income
below the US median
US median: $82,259
Mid-age
median age 37.9
US median: 38.9
Average education
38% hold a bachelor's degree
US average: 36%
Less affordable
home values up 96%, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
2,091
−31%since 2000
from 3,026 in 2000
1990 – 2024
Population density
1,243 / sq mi
−31%since 2000
from 1,799 / sq mi in 2000
US average: 281
Median age
37.9
+19%since 2000
from 31.8 in 2000
US average: 38.9
Population, 1990 – 2024
2K2K3K3K3K1990201020202024Lake of the Woods
20242K
1990201020202024
Section 02

Income & economy

Median household income
$61,625
−21%inflation adjusted, since 2000
from $42,571 in 2000
US average: $82,259
1990 – 2024
Per capita income
$28,911
+45%since 2000
from $19,938 in 2000
US average: $44,673
Households earning $100K+
41.3%
+20.3 ptssince 2009
from 21.0% in 2009
US average: 53.3%
Poverty rate
4.7%
−4.0 ptssince 2000
from 8.7% in 2000
US average: 12.5%
Income inequality (Gini)
0.359
−16%since 2010
from 0.427 in 2010
US average: 0.476
Workforce by industry, 2024
Other services13.4%
US avg: 6.7%
Public administration12.5%
US avg: 4.8%
Finance & insurance8.7%
US avg: 5.9%
Agriculture, forestry, fishing8%
US avg: 1.6%
Construction8%
US avg: 1.2%
Professional, scientific, technical7.6%
US avg: 5.1%
Retail trade5.9%
US avg: 9.9%
Information4.5%
US avg: 10.8%
Wholesale trade1.1%
US avg: 6.9%
Education & health services1.1%
US avg: 0.9%
Manufacturing0%
US avg: 0.4%
Transportation & warehousing0%
US avg: 2.2%
Arts, entertainment, food0%
US avg: 1.9%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$193,500
+96%inflation adjusted, since 2000
from $54,100 in 2000
US average: $376,019
1990 – 2024
Median gross rent
$1,190
+22%inflation adjusted, since 2000
from $536 in 2000
US average: $1,442
Owner-occupied
86.1%
+3.1 ptssince 2000
from 82.9% in 2000
13.9% rent
Vacancy rate
0.0%
−6.3 ptssince 2009
from 6.3% in 2009
US average: 10.0%
Owner cost-burdened
12.4%
−8.9 ptssince 2009
from 21.3% in 2009
US average: 22.9%
Renter cost-burdened
78.6%
+39.7 ptssince 2009
from 38.9% in 2009
US average: 47.4%
Afford Score
3.1
+147%since 2000
from 1.3 in 2000
1990 – 2024
Gentrification Score
70
RELATED:See current rent listings in Lake of the Woods on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic96.9%(2,931)
Black0.8%(24)
Hispanic / Latino0.8%(23)
Asian0.1%(3)
Other0%
Diversity Score4.1%(125)
2024
White, non-Hispanic94.6%(1,979)
Black0%(0)
Hispanic / Latino1.4%(29)
Asian0%(0)
Other4%(83)
Diversity Score12.8%(268)
Diversity Score
13
+209%since 2000
from 4 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
38.3%
+13.3 ptssince 2000
from 24.9% in 2000
US average: 35.6%
High school or higher
96.3%
+3.9 ptssince 2000
from 92.4% in 2000
US average: 89.6%
Graduate degree
16.9%
+7.8 ptssince 2000
from 9.1% in 2000
US average: 14.0%
Section 06

Commute & transportation

Average commute
18.1 min
+56%since 2000
from 11.6 min in 2000
US average: 26.5
Drive alone to work
82.6%
−10.3 ptssince 2009
from 93.0% in 2009
US average: 68.9%
Carpooled to work
15.9%
+11.4 ptssince 2009
from 4.4% in 2009
US average: 8.5%
Public transit
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 3.2%
Worked from home
0.0%
−1.0 ptssince 2009
from 1.0% in 2009
US average: 15.0%
Walked to work
1.5%
+0.7 ptssince 2009
from 0.8% in 2009
US average: 2.4%
Biked to work
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 0.4%
No vehicle available
7.1%
+0.2 ptssince 2009
from 6.9% in 2009
US average: 8.3%
Section 07

Work & employment

Unemployment rate
6.2%
−5.9 ptssince 2011
from 12.1% in 2011
US average: 5.2%
Labor force participation
55.8%
−17.1 ptssince 2011
from 72.9% in 2011
US average: 63.5%
Self-employed
28.5%
+18.6 ptssince 2009
from 9.9% in 2009
US average: 13.1%
Management & professional
46.9%
−11.0 ptssince 2009
from 57.8% in 2009
US average: 42.5%
Section 08

People & community

Male
47.5%
−4.2 ptssince 2009
from 51.7% in 2009
Female
52.5%
+4.2 ptssince 2009
from 48.3% in 2009
Foreign born
0.9%
−2.9 ptssince 2009
from 3.8% in 2009
US average: 14.1%
Veterans
9.9%
−39.0 ptssince 2009
from 48.8% in 2009
US average: 6.2%
With a disability
16.2%
+0.7 ptssince 2012
from 15.5% in 2012
US average: 13.3%
Uninsured
3.7%
−77.5 ptssince 2013
from 81.2% in 2013
US average: 8.4%
Broadband at home
95.4%
+21.5 ptssince 2017
from 73.9% in 2017
US average: 91.0%
English only at home
97.5%
+1.4 ptssince 2016
from 96.1% in 2016
US average: 77.7%
Spanish at home
1.0%
−2.3 ptssince 2016
from 3.2% in 2016
US average: 13.6%
Drill deeper

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Compare Lake of the Woods to nearby cities

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LAKE OF THE WOODS VS
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Income$56,118−9%
Home value$210,900+9%
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LAKE OF THE WOODS VS
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LAKE OF THE WOODS VS
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Home value$320,300+66%
Population9,113+336%
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Frequently asked

How many people live in Lake of the Woods, Illinois?

Lake of the Woods, Illinois has about 2,091 residents according to the 2024 American Community Survey.

What is the median household income in Lake of the Woods, Illinois?

The typical household in Lake of the Woods, Illinois earns about $61,625 a year. Half of households make more than that, and half make less.

Is Lake of the Woods, Illinois expensive?

In Lake of the Woods, Illinois, the median home is worth about $193,500, and the typical rent is about $1,190 a month.

How educated are people in Lake of the Woods, Illinois?

About 38.3% of adults age 25 and over in Lake of the Woods, Illinois hold a bachelor's degree or higher.

What is the poverty rate in Lake of the Woods, Illinois?

About 4.7% of people in Lake of the Woods, Illinois live below the federal poverty line.

Has Lake of the Woods, Illinois grown since 1990?

Yes, Lake of the Woods, Illinois has shrunk since 1990. The population has lost about 614 residents, a change of about -23 percent over that period.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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