Lake of the Woods, IN
Full City Profile · Indiana · Marshall County County
Lake of the Woods, IN
At a Glance
How Lake of the Woods Compares to the U.S. Average
Each bar shows Lake of the Woods's value as a percentage of the national average (100% = U.S. avg)
Is Lake of the Woods a Good Place to Live?
Economy & Jobs
Lake of the Woods residents earn a median household income of $64,375 , which is 14% below the national average of $75,149. Per capita income is $37,838. The unemployment rate stands at 11.2% (211% above the U.S. rate of 3.6%). 0.0% of residents live below the poverty line. The area is home to 1,155 business establishments, including 92 restaurants.
Housing & Cost of Living
The median home value in Lake of the Woods is $189,600 , 33% below the national median of $281,900. Zillow estimates the typical home at $269,498. Median rent is $1,020/month, with 20.3% of renters spending more than 30% of income on housing. The cost of living index is 93.3 (100 = national average). The median home was built in 1978.
Education
14.8% of adults in Lake of the Woods hold a bachelor's degree or higher (56% below the national average). 93.2% have completed high school. Local schools score 6.1/10 in standardized testing.
Climate & Weather
Lake of the Woods has an average annual temperature of 49°F (9°C). Winters average 23°F in January while summers reach 71°F in July. Annual precipitation totals 41.9 inches.