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CITY

Lake of the Woods

Indiana · 663 residents · 0.691 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 $59,464. Population has held roughly steady since 2023. 13% of adults hold a bachelor's degree or higher, below the national rate of 36%. Median home value is $254,200.

At a glance
Lower income
below the US median
US median: $82,259
Older
median age 43.8
US median: 38.9
Less educated
13% hold a bachelor's degree
US average: 36%
Less affordable
home values up 30%, inflation adjusted
US median home: $376,019
Section 01

Population & growth

663
+1%since 2023
from 658 in 2023
2022 – 2024
959 / sq mi
+1%since 2023
from 952 / sq mi in 2023
US average: 281
43.8
−19%since 2023
from 54.4 in 2023
US average: 38.9
Population, 20222024
58360562764867020222024Lake of the Woods
2024663
20222024
Section 02

Income & economy

$59,464
−10%inflation adjusted, since 2023
from $64,375 in 2023
US average: $82,259
2022 – 2024
$31,724
−16%since 2023
from $37,838 in 2023
US average: $44,673
Households earning $100K+
40.3%
+6.8 ptssince 2023
from 33.5% in 2023
US average: 53.3%
6.5%
+0.1 ptssince 2023
from 6.4% in 2023
US average: 12.5%
0.347
+12%since 2023
from 0.310 in 2023
US average: 0.476
Workforce by industry, 2024
Retail trade24.2%
US avg: 9.9%
Information11.8%
US avg: 10.8%
Finance & insurance8.3%
US avg: 5.9%
Professional, scientific, technical8.3%
US avg: 5.1%
Agriculture, forestry, fishing0%
US avg: 1.6%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.4%
Wholesale trade0%
US avg: 6.9%
Transportation & warehousing0%
US avg: 2.2%
Education & health services0%
US avg: 0.9%
Arts, entertainment, food0%
US avg: 1.9%
Other services0%
US avg: 6.7%
Public administration0%
US avg: 4.8%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

$254,200
+30%inflation adjusted, since 2023
from $189,600 in 2023
US average: $376,019
2022 – 2024
$1,059
+1%inflation adjusted, since 2023
from $1,020 in 2023
US average: $1,442
70.3%
+6.7 ptssince 2023
from 63.6% in 2023
29.7% rent
35.9%
+9.8 ptssince 2023
from 26.2% in 2023
US average: 10.0%
20.8%
−5.3 ptssince 2023
from 26.1% in 2023
US average: 22.9%
51.9%
+51.9 ptssince 2023
from 0.0% in 2023
US average: 47.4%
4.3
+45%since 2023
from 2.9 in 2023
2022 – 2024
RELATED:See current rent listings in Lake of the Woods on RentDataNow
Section 04

Race & ethnicity

2023
White, non-Hispanic97.9%(644)
Black0%(0)
Hispanic / Latino2.1%(14)
Asian0%(0)
Other0%(0)
Diversity Score5.2%(34)
2024
White, non-Hispanic100%(663)
Black0%(0)
Hispanic / Latino0%(0)
Asian0%(0)
Other0%(0)
Diversity Score0%(0)
0
−100%since 2023
from 5 in 2023
2022 – 2024
Section 05

Education

13.1%
−1.7 ptssince 2023
from 14.8% in 2023
US average: 35.6%
High school or higher
94.1%
+1.0 ptssince 2023
from 93.2% in 2023
US average: 89.6%
2.5%
+1.1 ptssince 2023
from 1.4% in 2023
US average: 14.0%
Section 06

Commute & transportation

23.7 min
−8%since 2023
from 25.7 min in 2023
US average: 26.5
94.0%
+0.8 ptssince 2023
from 93.3% in 2023
US average: 68.9%
3.0%
+3.0 ptssince 2023
from 0.0% in 2023
US average: 8.5%
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 3.2%
3.0%
−3.8 ptssince 2023
from 6.7% in 2023
US average: 15.0%
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 2.4%
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 0.4%
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 8.3%
Section 07

Work & employment

14.2%
+3.0 ptssince 2023
from 11.2% in 2023
US average: 5.2%
62.9%
−3.6 ptssince 2023
from 66.4% in 2023
US average: 63.5%
7.6%
+3.0 ptssince 2023
from 4.6% in 2023
US average: 13.1%
18.2%
−2.2 ptssince 2023
from 20.4% in 2023
US average: 42.5%
Section 08

People & community

43.3%
−8.4 ptssince 2023
from 51.7% in 2023
56.7%
+8.4 ptssince 2023
from 48.3% in 2023
1.2%
−0.2 ptssince 2023
from 1.4% in 2023
US average: 14.1%
6.6%
−2.3 ptssince 2023
from 8.9% in 2023
US average: 6.2%
11.8%
+5.3 ptssince 2023
from 6.5% in 2023
US average: 13.3%
4.7%
−8.1 ptssince 2023
from 12.8% in 2023
US average: 8.4%
93.8%
+9.8 ptssince 2023
from 84.0% in 2023
US average: 91.0%
100.0%
+2.1 ptssince 2023
from 97.9% in 2023
US average: 77.7%
0.0%
−2.1 ptssince 2023
from 2.1% in 2023
US average: 13.6%
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Frequently asked

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

Lake of the Woods, Indiana has about 663 residents according to the 2024 American Community Survey.

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

The typical household in Lake of the Woods, Indiana earns about $59,464 a year. Half of households make more than that, and half make less.

Is Lake of the Woods, Indiana expensive?

In Lake of the Woods, Indiana, the median home is worth about $254,200, and the typical rent is about $1,059 a month.

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

About 13.1% of adults age 25 and over in Lake of the Woods, Indiana hold a bachelor's degree or higher.

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

About 6.5% of people in Lake of the Woods, Indiana live below the federal poverty line.

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

How we source and harmonize this data →