Is Lake of the Woods a Good Place to Live?
Based on current data, Lake of the Woods receives an overall livability score of 3.0 out of 5.0, earning a grade of B. Key strengths include abundant sunshine, strong internet connectivity. Areas to be aware of include high housing costs, above-average unemployment. Lake of the Woods offers a solid quality of life with a good balance of affordability, safety, and opportunity.
Economy & Jobs
The median household income in Lake of the Woods is $75,000, roughly in line with the national average of $75,149. At 50.0%, unemployment is notably high. 13.5% of residents live in poverty, near the national average of 12.4%. Workers commute an average of 7 minutes, shorter than most U.S. cities.
Cost of Living & Housing
The median home value in Lake of the Woods is $461,770, making it a premium housing market at 64% above the U.S. median of $281,900. Renters pay a median of $1,012 per month, below the national average — a plus for affordability. The price-to-income ratio of 6.2x means housing costs are stretched relative to local earnings.
Education
0.0% of residents hold a bachelor's degree, below the national average of 33.7%. 50.0% have completed high school.
Climate & Weather
Lake of the Woods has a cool climate with an average annual temperature of 37°F. Winters average 1°F in January while summers reach 67°F in July. With 294 sunny days per year, residents enjoy well above the national average of sunshine. Annual precipitation totals 22.9 inches. Air quality is rated Good with a median AQI of 27.