Minnesota · Census place 71446
Wood Lake city, MN
Quick answer
Wood Lake city has 398 residents, ranking #559 of 914 places in Minnesota. Median household income is $68,958, the median home is worth $85,000 and median gross rent runs $650 a month.
- Population
- 398Wood Lake city residents
- Median household income
- $68,958Past 12 months, inflation adjusted
- Median home value
- $85,000Owner-occupied units
- Median gross rent
- $650Rent plus utilities, monthly
- Median age
- 46.5 yrsAll residents
- Homeownership rate
- 86.7%Owner-occupied households
What the numbers mean in Wood Lake city
Housing cost measured against local earnings.
A household earning the Wood Lake city median would spend about 11.3% 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 1.2× the median household income; nationally that ratio sits near 4.5×. Poverty affects 7.5% of residents and 86.7% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Minnesota.
- Canton city 409
- Hartland city 400
- Belview city 399
- Upsala city 394
- Waubun city 393
- Hanska city 391
- Orr city 391
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