Lake of the Woods has a population of approximately 722 and experiences a population change rate of -13.33%. The population density is 205 / sq mi .
Lake of the Woods has a population of approximately 722 and experiences a population change rate of -13.33%. The population density is 205 / sq mi .
The median household income for Lake of the Woods is $51,133, with 299 households and an average household size of 2.41.
The median value of a home in Lake of the Woods is $184,100 with an appreciation rate of 16.40%. 45.24% of housing in the state is owned while 25.95% is rented.
The cost of living in Lake of the Woods is 98.1 %.
The unemployment rate in Lake of the Woods is 8.30%, and recent job growth is at -0.47%. Future job growth is projected at 32.63%.
The sales tax rate in Lake of the Woods is 8.25%, while the income tax rate is 9.30% .
School expenditures in Lake of the Woods are $15,207, and the school ratio is 22.6:1.
The average high temperature in July is 87.4 degrees, with an average low temperature in January of 30.4 degrees. The average rainfall is approximately 12.3 inches per year, with 2.6 inches of snow per year.