Life in Lake of the Woods research summary. HomeSnacks has been using Saturday Night Science to research the quality of life in Lake of the Woods over the past nine years using Census, FBI, Zillow, and other primary data sources. Based on the most recently available data, we found the following about life in Lake of the Woods:
The population in Lake of the Woods is 8,165.
The median home value in Lake of the Woods is $423,824.
The median income in Lake of the Woods is $112,917.
The cost of living in Lake of the Woods is 118 which is 1.2x higher than the national average.
The median rent in Lake of the Woods is $1,690.
The unemployment rate in Lake of the Woods is 2.9%.
The poverty rate in Lake of the Woods is 4.8%.
The average high in Lake of the Woods is 67.4° and the average low is 44.4°.
Cost of living in Lake of the Woods summary. We use data on the cost of living to determine how expensive it is to live in Lake of the Woods. Real estate prices drive most of the variance in cost of living around Virginia. Key points include:
The cost of living in Lake of the Woods is 118 with 100 being average.
The cost of living in Lake of the Woods is 1.2x higher than the national average.
The median home value in Lake of the Woods is $423,824.
The median income in Lake of the Woods is $112,917.
| Living Expense | Lake of the Woods | Virginia | National Average | |
|---|---|---|---|---|
| Overall | 118 | 110 | 100 | |
| Services | 102 | 101 | 100 | |
| Groceries | 97 | 99 | 100 | |
| Health | 98 | 98 | 100 | |
| Housing | 155 | 130 | 100 | |
| Transportation | 94 | 94 | 100 | |
| Utilities | 107 | 104 | 100 | |
The average high in Lake of the Woods is 67.4° and the average low is 44.4°.
There are 75.2 days of precipitation each year.
Expect an average of 42.5 inches of precipitation each year with 17.4 inches of snow.
| Stat | Lake of the Woods |
|---|---|
| Average Annual High | 67.4 |
| Average Annual Low | 44.4 |
| Annual Precipitation Days | 75.2 |
| Average Annual Precipitation | 42.5 |
| Average Annual Snowfall | 17.4 |
The current population in Lake of the Woods is 8,165. The population has increased 4.3% from 2010.
| Year | Population | % Change |
|---|---|---|
| 2023 | 8,165 | -2.3% |
| 2022 | 8,356 | -2.3% |
| 2021 | 8,557 | -0.1% |
| 2020 | 8,565 | 1.9% |
| 2019 | 8,406 | 9.9% |
| 2018 | 7,649 | 3.4% |
| 2017 | 7,401 | 0.5% |
| 2016 | 7,362 | -7.1% |
| 2015 | 7,926 | 6.3% |
| 2014 | 7,454 | 4.0% |
| 2013 | 7,168 | -4.4% |
| 2012 | 7,498 | -0.6% |
| 2011 | 7,547 | -3.6% |
| 2010 | 7,825 | - |
75.7% White with 6,184 White residents.
6.9% African American with 562 African American residents.
0.0% American Indian with 0 American Indian residents.
1.9% Asian with 156 Asian residents.
0.0% Hawaiian with 0 Hawaiian residents.
2.4% Other with 193 Other residents.
5.3% Two Or More with 430 Two Or More residents.
7.8% Hispanic with 640 Hispanic residents.
| Race | Lake of the Woods | VA | USA |
|---|---|---|---|
| White | 75.7% | 59.0% | 58.2% |
| African American | 6.9% | 18.4% | 12.0% |
| American Indian | 0.0% | 0.1% | 0.5% |
| Asian | 1.9% | 6.8% | 5.7% |
| Hawaiian | 0.0% | 0.1% | 0.2% |
| Other | 2.4% | 0.5% | 0.5% |
| Two Or More | 5.3% | 4.3% | 3.9% |
| Hispanic | 7.8% | 10.7% | 19.0% |
Lake of the Woods is 52.3% female with 4,271 female residents.
Lake of the Woods is 47.7% male with 3,894 male residents.
| Gender | Lake of the Woods | VA | USA |
|---|---|---|---|
| Female | 52.3% | 50.6% | 50.5% |
| Male | 47.7% | 49.4% | 49.5% |
2.0% of adults in Lake of the Woods completed < 9th grade.
1.0% of adults in Lake of the Woods completed 9-12th grade.
23.0% of adults in Lake of the Woods completed high school / ged.
21.0% of adults in Lake of the Woods completed some college.
8.0% of adults in Lake of the Woods completed associate's degree.
24.0% of adults in Lake of the Woods completed bachelor's degree.
17.0% of adults in Lake of the Woods completed master's degree.
2.0% of adults in Lake of the Woods completed professional degree.
2.0% of adults in Lake of the Woods completed doctorate degree.
| Education | Lake of the Woods | VA | USA |
|---|---|---|---|
| < 9th Grade | 2.0% | 4.0% | 5.0% |
| 9-12th Grade | 1.0% | 5.0% | 6.0% |
| High School / GED | 23.0% | 24.0% | 26.0% |
| Some College | 21.0% | 18.0% | 19.0% |
| Associate's Degree | 8.0% | 8.0% | 9.0% |
| Bachelor's Degree | 24.0% | 23.0% | 21.0% |
| Master's Degree | 17.0% | 13.0% | 10.0% |
| Professional Degree | 2.0% | 3.0% | 2.0% |
| Doctorate Degree | 2.0% | 2.0% | 2.0% |
2.8% of households in Lake of the Woods earn Less than $10,000.
0.0% of households in Lake of the Woods earn $10,000 to $14,999.
2.7% of households in Lake of the Woods earn $15,000 to $24,999.
5.7% of households in Lake of the Woods earn $25,000 to $34,999.
5.2% of households in Lake of the Woods earn $35,000 to $49,999.
10.3% of households in Lake of the Woods earn $50,000 to $74,999.
18.8% of households in Lake of the Woods earn $75,000 to $99,999.
23.0% of households in Lake of the Woods earn $100,000 to $149,999.
15.4% of households in Lake of the Woods earn $150,000 to $199,999.
16.2% of households in Lake of the Woods earn $200,000 or more.
| Income | Lake of the Woods | VA | USA |
|---|---|---|---|
| Less than $10,000 | 2.8% | 4.2% | 4.9% |
| $10,000 to $14,999 | 0.0% | 2.9% | 3.6% |
| $15,000 to $24,999 | 2.7% | 5.5% | 6.6% |
| $25,000 to $34,999 | 5.7% | 5.9% | 6.8% |
| $35,000 to $49,999 | 5.2% | 9.1% | 10.4% |
| $50,000 to $74,999 | 10.3% | 14.6% | 15.7% |
| $75,000 to $99,999 | 18.8% | 12.1% | 12.7% |
| $100,000 to $149,999 | 23.0% | 18.2% | 17.4% |
| $150,000 to $199,999 | 15.4% | 10.7% | 9.3% |
| $200,000 or more | 16.2% | 16.9% | 12.6% |