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CITY · 2020 ACS

Lake of the Woods

Virginia · 8,081 residents · 4.953 sq mi
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The short version

Lake of the Woods is wealthier than most US places, with a median household income of $83,845. Population has declined 4% since 2019. Median home value is $284,500. With a median age of 51.8, the population is older than the US median of 38.8.

At a glance
Wealthier
above the US median
US median: $66,278
Older
median age 51.8
US median: 38.8
More educated
41% hold a bachelor's degree
US average: 33%
Stable housing
home values roughly flat, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
8,081
−4%since 2019
from 8,406 in 2019
2010 – 2024
Population density
1,632 / sq mi
−4%since 2019
from 1,697 / sq mi in 2019
US average: 280
Median age
51.8
+7%since 2019
from 48.3 in 2019
US average: 38.8
Population, 2010 – 2024
7K7K8K8K9K201020202024Lake of the Woods
20248K
201020202024
Section 02

Income & economy

Median household income
$83,845
+3%inflation adjusted, since 2019
from $80,260 in 2019
US average: $66,278
2010 – 2024
Per capita income
$40,237
+8%since 2019
from $37,100 in 2019
US average: $35,364
Households earning $100K+
61.5%
+7.7 ptssince 2019
from 53.8% in 2019
US average: 43.9%
Poverty rate
11.4%
+4.1 ptssince 2019
from 7.3% in 2019
US average: 12.8%
Workforce by industry, 2020
Information22.2%
US avg: 11.1%
Wholesale trade12.7%
US avg: 6.7%
Retail trade6.8%
US avg: 10%
Arts, entertainment, food4.6%
US avg: 2%
Other services3.8%
US avg: 6.6%
Finance & insurance3.6%
US avg: 5.5%
Professional, scientific, technical3%
US avg: 4.7%
Public administration2.3%
US avg: 4.7%
Transportation & warehousing1%
US avg: 2.5%
Education & health services0.6%
US avg: 0.8%
Agriculture, forestry, fishing0%
US avg: 1.7%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.5%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$284,500
+9%inflation adjusted, since 2019
from $257,000 in 2019
US average: $265,253
2010 – 2024
Owner-occupied
90.8%
−3.7 ptssince 2019
from 94.5% in 2019
9.2% rent
Afford Score
3.4
+6%since 2019
from 3.2 in 2019
2010 – 2024
RELATED:See current rent listings in Lake of the Woods on RentDataNow
Section 04

Race & ethnicity

2019
White, non-Hispanic83.7%(7,040)
Black5.6%(467)
Hispanic / Latino3.3%(281)
Asian3.5%(297)
Other3.8%(321)
Diversity Score36.5%(3,065)
2020
White, non-Hispanic80.5%(6,509)
Black5.7%(464)
Hispanic / Latino6.1%(490)
Asian1.3%(107)
Other2.4%(191)
Diversity Score36%(2,911)
Diversity Score
36
−1%since 2019
from 36 in 2019
2010 – 2024
Section 05

Education

Bachelor's degree or higher
41.3%
+2.3 ptssince 2019
from 39.0% in 2019
US average: 32.9%
High school or higher
96.0%
+0.3 ptssince 2019
from 95.8% in 2019
US average: 88.5%
Graduate degree
20.0%
+1.8 ptssince 2019
from 18.3% in 2019
US average: 12.7%
Section 06

Commute & transportation

Average commute
34.9 min
−7%since 2019
from 37.6 min in 2019
US average: 26.9
Drive alone to work
82.6%
+0.8 ptssince 2019
from 81.7% in 2019
US average: 75.1%
No vehicle available
0.0%
Unchangedsince 2019
from 0.0% in 2019
US average: 8.4%
Section 07

Work & employment

Unemployment rate
4.5%
−1.2 ptssince 2019
from 5.7% in 2019
US average: 5.4%
Labor force participation
52.6%
−5.2 ptssince 2019
from 57.8% in 2019
US average: 63.4%
Management & professional
42.7%
+2.5 ptssince 2019
from 40.2% in 2019
US average: 39.3%
Section 08

People & community

Male
50.5%
+3.0 ptssince 2019
from 47.5% in 2019
Female
49.5%
−3.0 ptssince 2019
from 52.5% in 2019
Foreign born
11.0%
+2.8 ptssince 2019
from 8.2% in 2019
US average: 13.5%
Uninsured
3.9%
−1.6 ptssince 2019
from 5.5% in 2019
US average: 8.8%
Drill deeper

Places similar to Lake of the Woods

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Pop 7,688
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Pop 8,490
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Pop 8,258
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Pop 9,025
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Frequently asked

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

Lake of the Woods, Virginia has about 8,081 residents according to the 2020 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 $83,845 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 $284,500.

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

About 41.3% 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 11.4% 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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