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Lake of the Woods, IN

Full City Profile · Indiana · Marshall County County

2.9 /5.0
C+ Fair
658 Population 954/sq mi density
$64,375 Median Income $37,838 per capita
$189,600 Home Value $269,498 Zillow
$1,020 Median Rent 20.3% income on rent
50°F Avg Temperature 275 sunny days/yr
585 Violent Crime/100K 1,407 property/100K
C+
Overall
2.9 / 5.0
Fair overall score based on economy, affordability, safety and education
B+
Economy
3.5 / 5.0
$64,375 median income, 7.5% unemployment
A+
Affordability
5.0 / 5.0
$189,600 home value, $1,020/mo rent
F
Safety
1.0 / 5.0
585 violent crimes/100K (54% above avg)
C
Education
2.2 / 5.0
14.8% bachelor's degree or higher

Income Overview

Median Household Income
$64,375
14% below
US avg: $75,149
Per Capita Income
$37,838
3% below
US avg: $39,052
Unemployment Rate
7.5%
108% above
US avg: 3.6%
Poverty Rate
0.0%
100% below
US avg: 12.4%

Income Comparison: Lake of the Woods vs. U.S. Average

Each bar shows Lake of the Woods’s value as a percentage of the national average (100% line = U.S. avg)

Median Household
US: $75,149
$64,375
86%
Per Capita
US: $39,052
$37,838
97%
IRS Avg AGI
US: $72,000
$69,578
97%
Avg Weekly Wage
US: $1,432
$989
69%
Thin line = U.S. average (100%)

Employment & Commute

Avg Weekly Wage
$989
31% below US avg ($1,432)
Mean Commute Time
26 min
7% below US avg (28 min)
Work From Home
6.7%
56% below US avg (15.2%)
Drive Alone
93.3%
27% above US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
County GDP
$2,376M
County-level GDP (BEA 2024)

How Residents Get to Work

Drive Alone 93.3%
Public Transit 0%
Work From Home 6.7%
Average commute time
26 minutes
US avg: 28 min

Business Landscape

Total Establishments
1,155
Restaurants
92
Healthcare
96
Retail
163
Manufacturing
138

Tax & Financial

IRS Avg Adjusted Gross Income
$69,578
3% below US avg ($72,000)
Avg Property Tax
$4,139
18% above US avg ($3,500)
Cost of Living Index
93.3
Below national average (100 = US avg)

Complete Economy Data

Income & Wages

Median Household Income$64,375
Per Capita Income$37,838
IRS Avg Adjusted Gross Income$69,578
Avg Weekly Wage$989
County GDP$2,376M

Hardship Indicators

Unemployment Rate7.5%
Poverty Rate0.0%
Gini Coefficient0.427
Cost of Living Index93.3

Commute

Mean Commute26 minutes
Drive Alone93.3%
Public Transit0.0%
Work From Home6.7%

Businesses

Total Establishments1,155
Restaurants92
Healthcare96
Retail163
Manufacturing138

Tax

IRS Avg AGI$69,578
Avg Property Tax$4,139