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CITY

Lake of the Woods

Virginia · 7,984 residents · 4.953 sq mi
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The short version

Lake of the Woods is significantly wealthier than the US average, with a median household income of $109,153. Population has held roughly steady since 2023. 46% of adults hold a bachelor's degree or higher. Median home value is $399,300. With a median age of 52.8, the population is older than the US median of 38.9. It sits in the top 10% of US cities for household income.

At a glance
Wealthier
above the US median
US median: $82,259
Older
median age 52.8
US median: 38.9
More educated
46% hold a bachelor's degree
US average: 36%
Stable housing
home values roughly flat, inflation adjusted
US median home: $376,019
Section 01

Population & growth

7,984
−2%since 2023
from 8,165 in 2023
2010 – 2024
1,612 / sq mi
−2%since 2023
from 1,648 / sq mi in 2023
US average: 281
52.8
+2%since 2023
from 51.8 in 2023
US average: 38.9
Population, 20102024
7K7K8K8K9K201020202024Lake of the Woods
20248K
201020202024
Section 02

Income & economy

$109,153
−6%inflation adjusted, since 2023
from $112,917 in 2023
US average: $82,259
2010 – 2024
$56,443
−3%since 2023
from $57,928 in 2023
US average: $44,673
Households earning $100K+
70.1%
−3.2 ptssince 2023
from 73.4% in 2023
US average: 53.3%
5.5%
+0.7 ptssince 2023
from 4.8% in 2023
US average: 12.5%
0.407
−5%since 2023
from 0.430 in 2023
US average: 0.476
Workforce by industry, 2024
Wholesale trade15.8%
US avg: 6.9%
Information13.1%
US avg: 10.8%
Other services5.1%
US avg: 6.7%
Finance & insurance3.1%
US avg: 5.9%
Professional, scientific, technical2.3%
US avg: 5.1%
Public administration1.6%
US avg: 4.8%
Retail trade0.9%
US avg: 9.9%
Education & health services0.8%
US avg: 0.9%
Agriculture, forestry, fishing0.7%
US avg: 1.6%
Construction0.7%
US avg: 1.2%
Arts, entertainment, food0.5%
US avg: 1.9%
Transportation & warehousing0.1%
US avg: 2.2%
Manufacturing0%
US avg: 0.4%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

$399,300
+3%inflation adjusted, since 2023
from $377,500 in 2023
US average: $376,019
2010 – 2024
$1,765
+1%inflation adjusted, since 2023
from $1,690 in 2023
US average: $1,442
95.6%
+1.4 ptssince 2023
from 94.3% in 2023
4.4% rent
10.1%
+3.5 ptssince 2023
from 6.6% in 2023
US average: 10.0%
21.6%
+2.3 ptssince 2023
from 19.3% in 2023
US average: 22.9%
35.9%
+4.1 ptssince 2023
from 31.9% in 2023
US average: 47.4%
3.7
+9%since 2023
from 3.3 in 2023
2010 – 2024
RELATED:See current rent listings in Lake of the Woods on RentDataNow
Section 04

Race & ethnicity

2023
White, non-Hispanic75.7%(6,184)
Black6.9%(562)
Hispanic / Latino7.8%(640)
Asian1.9%(156)
Other7.6%(623)
Diversity Score51.2%(4,178)
2024
White, non-Hispanic73.7%(5,887)
Black6.5%(522)
Hispanic / Latino9.7%(773)
Asian2.2%(174)
Other7.9%(628)
Diversity Score54.5%(4,351)
55
+7%since 2023
from 51 in 2023
2010 – 2024
Section 05

Education

45.6%
+0.4 ptssince 2023
from 45.2% in 2023
US average: 35.6%
High school or higher
97.1%
−0.1 ptssince 2023
from 97.2% in 2023
US average: 89.6%
19.8%
−1.2 ptssince 2023
from 21.1% in 2023
US average: 14.0%
Section 06

Commute & transportation

44.5 min
−4%since 2023
from 46.1 min in 2023
US average: 26.5
75.1%
−1.6 ptssince 2023
from 76.7% in 2023
US average: 68.9%
4.2%
+0.1 ptssince 2023
from 4.0% in 2023
US average: 8.5%
1.1%
+0.3 ptssince 2023
from 0.8% in 2023
US average: 3.2%
18.7%
+0.5 ptssince 2023
from 18.2% 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%
3.4%
+1.8 ptssince 2023
from 1.6% in 2023
US average: 8.3%
Section 07

Work & employment

0.8%
−2.0 ptssince 2023
from 2.9% in 2023
US average: 5.2%
46.4%
−2.5 ptssince 2023
from 48.9% in 2023
US average: 63.5%
15.6%
+1.7 ptssince 2023
from 13.9% in 2023
US average: 13.1%
53.2%
−2.8 ptssince 2023
from 56.0% in 2023
US average: 42.5%
Section 08

People & community

49.0%
+1.3 ptssince 2023
from 47.7% in 2023
51.0%
−1.3 ptssince 2023
from 52.3% in 2023
7.7%
+1.0 ptssince 2023
from 6.7% in 2023
US average: 14.1%
18.9%
+1.1 ptssince 2023
from 17.8% in 2023
US average: 6.2%
15.7%
+1.3 ptssince 2023
from 14.4% in 2023
US average: 13.3%
5.0%
+0.4 ptssince 2023
from 4.6% in 2023
US average: 8.4%
95.8%
+3.2 ptssince 2023
from 92.6% in 2023
US average: 91.0%
91.7%
−1.0 ptssince 2023
from 92.8% in 2023
US average: 77.7%
1.9%
+0.4 ptssince 2023
from 1.4% in 2023
US average: 13.6%
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Frequently asked

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

Lake of the Woods, Virginia has about 7,984 residents according to the 2024 American Community Survey.

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

The typical household in Lake of the Woods, Virginia earns about $109,153 a year. Half of households make more than that, and half make less.

Is Lake of the Woods, Virginia expensive?

In Lake of the Woods, Virginia, the median home is worth about $399,300, and the typical rent is about $1,765 a month.

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

About 45.6% of adults age 25 and over in Lake of the Woods, Virginia hold a bachelor's degree or higher.

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

About 5.5% of people in Lake of the Woods, Virginia live below the federal poverty line.

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

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