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Illinois · Census place 41346

Lake of the Woods CDP, IL

Quick answer

Lake of the Woods CDP has 1,976 residents, ranking #511 of 1462 places in Illinois. Median household income is $69,054, the median home is worth $194,300 and median gross rent runs $1,201 a month.

Population
1,976Lake of the Woods CDP residents
Median household income
$69,054Past 12 months, inflation adjusted
Median home value
$194,300Owner-occupied units
Median gross rent
$1,201Rent plus utilities, monthly
Median age
41.1 yrsAll residents
Homeownership rate
82.6%Owner-occupied households

What the numbers mean in Lake of the Woods CDP

Housing cost measured against local earnings.

A household earning the Lake of the Woods CDP median would spend about 20.9% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.8× the median household income; nationally that ratio sits near 4.5×. Poverty affects 6.9% of residents and 82.6% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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