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CITY · 2020 ACS

Lake of the Woods

Illinois · 2,403 residents · 1.682 sq mi
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The short version

Lake of the Woods has lower-than-average household income, with a median household income of $59,257. Population has fallen 21% since 2000, a loss of 623 residents. Median home value has more than doubled since 2000, reaching $148,200.

At a glance
Lower income
below the US median
US median: $66,278
Mid-age
median age 39.8
US median: 38.8
Average education
33% hold a bachelor's degree
US average: 33%
Less affordable
home values up 82%, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
2,403
−21%since 2000
from 3,026 in 2000
1990 – 2024
Population density
1,429 / sq mi
−21%since 2000
from 1,799 / sq mi in 2000
US average: 280
Median age
39.8
+25%since 2000
from 31.8 in 2000
US average: 38.8
Population, 1990 – 2024
2K2K3K3K3K1990201020202024Lake of the Woods
20242K
1990201020202024
Section 02

Income & economy

Median household income
$59,257
−7%inflation adjusted, since 2000
from $42,571 in 2000
US average: $66,278
1990 – 2024
Per capita income
$26,662
+34%since 2000
from $19,938 in 2000
US average: $35,364
Households earning $100K+
43.3%
+22.3 ptssince 2009
from 21.0% in 2009
US average: 43.9%
Poverty rate
7.3%
−1.4 ptssince 2000
from 8.7% in 2000
US average: 12.8%
Workforce by industry, 2020
Information13.8%
US avg: 11.1%
Retail trade12.7%
US avg: 10%
Finance & insurance9.2%
US avg: 5.5%
Professional, scientific, technical9.2%
US avg: 4.7%
Wholesale trade4.5%
US avg: 6.7%
Other services4.1%
US avg: 6.6%
Public administration4.1%
US avg: 4.7%
Transportation & warehousing4.1%
US avg: 2.5%
Arts, entertainment, food2.1%
US avg: 2%
Agriculture, forestry, fishing1.7%
US avg: 1.7%
Construction1.7%
US avg: 1.2%
Manufacturing0%
US avg: 0.5%
Education & health services0%
US avg: 0.8%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$148,200
+82%inflation adjusted, since 2000
from $54,100 in 2000
US average: $265,253
1990 – 2024
Owner-occupied
88.0%
+5.1 ptssince 2000
from 82.9% in 2000
12.0% rent
Afford Score
2.5
+97%since 2000
from 1.3 in 2000
1990 – 2024
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)
2020
White, non-Hispanic88.5%(2,127)
Black0.5%(13)
Hispanic / Latino3.7%(90)
Asian0.5%(13)
Other1.9%(47)
Diversity Score16.9%(406)
Diversity Score
17
+308%since 2000
from 4 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
33.1%
+8.2 ptssince 2000
from 24.9% in 2000
US average: 32.9%
High school or higher
96.0%
+3.6 ptssince 2000
from 92.4% in 2000
US average: 88.5%
Graduate degree
4.9%
−4.2 ptssince 2000
from 9.1% in 2000
US average: 12.7%
Section 06

Commute & transportation

Average commute
23.7 min
+105%since 2000
from 11.6 min in 2000
US average: 26.9
Drive alone to work
81.5%
−11.5 ptssince 2009
from 93.0% in 2009
US average: 75.1%
No vehicle available
8.8%
+1.9 ptssince 2009
from 6.9% in 2009
US average: 8.4%
Section 07

Work & employment

Unemployment rate
3.1%
−9.0 ptssince 2011
from 12.1% in 2011
US average: 5.4%
Labor force participation
75.4%
+2.5 ptssince 2011
from 72.9% in 2011
US average: 63.4%
Management & professional
35.0%
−22.9 ptssince 2009
from 57.8% in 2009
US average: 39.3%
Section 08

People & community

Male
55.7%
+4.0 ptssince 2009
from 51.7% in 2009
Female
44.3%
−4.0 ptssince 2009
from 48.3% in 2009
Foreign born
0.0%
−3.8 ptssince 2009
from 3.8% in 2009
US average: 13.5%
Uninsured
4.4%
−76.8 ptssince 2013
from 81.2% in 2013
US average: 8.8%
Drill deeper

Places similar to Lake of the Woods

Woodside East
Pop 2,274
Charlotte Park
Pop 1,966
Delmar
Pop 2,366
Belleair Bluffs
Pop 2,242
Places similar to Lake of the Woods
Head to head

Compare Lake of the Woods to nearby cities

LAKE OF THE WOODS VS
Mahomet
Income$118,586+100%
Home value$299,100+102%
Population10,516+403%
SEE FULL COMPARISON →
LAKE OF THE WOODS VS
Champaign
Income$56,118−5%
Home value$210,900+42%
Population91,195+4261%
SEE FULL COMPARISON →
LAKE OF THE WOODS VS
Urbana
Income$45,346−23%
Home value$184,900+25%
Population39,719+1800%
SEE FULL COMPARISON →
LAKE OF THE WOODS VS
Savoy
Income$91,966+55%
Home value$320,300+116%
Population9,113+336%
SEE FULL COMPARISON →
Frequently asked

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

Lake of the Woods, Illinois has about 2,403 residents according to the 2020 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 $59,257 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 $148,200.

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

About 33.1% 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 7.3% 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 302 residents, a change of about -11 percent over that period.

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

How we source and harmonize this data →