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Lake of the Woods, Indiana

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
663
Population
$59,464
Median Income
$254,200
Home Value
43.8
Median Age

Demographics

Lake of the Woods has a population of 663 with a median age of 43.8. Here is the racial and ethnic breakdown of the population:

White
100.0%
Demographic Value
Total Population663
Median Age43.8
White100.0%
Lake of the Woods, Indiana — racial composition (Census ACS 2024)Donut chart of 1 segments totaling 100.White: 100.0%663PopulationWhiteWhite100.0%

Income & Economy

The median household income in Lake of the Woods is $59,464, which is 26.2% below the national median of $80,610. The per capita income is $31,724. The poverty rate is 6.5%.

$59,464
Median Household Income
$31,724
Per Capita Income
6.5%
Poverty Rate

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Education

In Lake of the Woods, 94.1% of residents age 25+ have a high school diploma or higher, and 13.1% hold a bachelor's degree or higher (2.5% with a graduate or professional degree).

HS Diploma+
94.1%
Bachelor's+
13.1%
Graduate+
2.5%
Education Level % of Adults (25+)
High School Diploma or Higher94.1%
Bachelor's Degree or Higher13.1%
Graduate or Professional Degree2.5%

Housing

The median home value in Lake of the Woods is $254,200, below the national median of $303,400. The median monthly rent is $1,059. The homeownership rate is 70.3%.

$254,200
Median Home Value
$1,059/mo
Median Rent
70.3%
Homeownership Rate
Housing Metric Value
Median Home Value$254,200
Median Monthly Rent$1,059
Homeownership Rate70.3%
Vacancy Rate35.9%

Salaries in Indiana

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Other Cities in Indiana

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Frequently Asked Questions

What is the population of Lake of the Woods, Indiana?
The population of Lake of the Woods, Indiana is 663 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Lake of the Woods, Indiana?
The median household income in Lake of the Woods, Indiana is $59,464. This is 26.2% below the national median of $80,610.
What is the median home value in Lake of the Woods, Indiana?
The median home value in Lake of the Woods, Indiana is $254,200. The median monthly rent is $1,059.
What percentage of people in Lake of the Woods have a college degree?
In Lake of the Woods, Indiana, 13.1% of adults age 25 and older hold a bachelor's degree or higher, and 94.1% have a high school diploma or higher.
Is Lake of the Woods, Indiana an affordable place to live?
The home price-to-income ratio in Lake of the Woods, Indiana is 4.3x (median home value $254,200 vs. median income $59,464), making it moderately affordable by that measure. A ratio under 4.0 is generally considered affordable.

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