The Lake of the Woods Census Designated Place had a population of 2,834 as of July 1, 2019.
The primary coordinate point for Lake of the Woods is located at latitude 40.2064 and longitude -88.3687 in Champaign County. The formal boundaries for the Lake of the Woods Census Designated Place encompass a land area of 1.76 sq. miles and a water area of 0.07 sq. miles. Champaign County is in the Central time zone (GMT -6). The elevation is 748 feet.
The Lake of the Woods Census Designated Place (GNIS ID: 2393082) has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.
HOUSING AFFORDABILITY INDEX
|Lake of the Woods, IL Housing Affordability Index is 159 |
State of Illinois Housing Affordability Index is 119
|The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.|
|Lake of the Woods, IL Wealth Index is 91 |
State of Illinois Wealth Index is 105
|The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.|
These new demographic attributes are availiable for Neighborhoods, Cities, Counties, and ZIP Codes.
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|Total Population||2,834 (100%)|
|Population in Households||2,834 (100.0%)|
|Population in Families||2,345 (82.7%)|
|Population in Group Quarters1||0|
|Median Household Income||$68,272|
|Average Household Income||$88,842|
|Per Capita Income||$34,392|
|Total Housing Units||1,222 (100%)|
|Owner Occupied HU||910 (74.5%)|
|Renter Occupied HU||252 (20.6%)|
|Vacant Housing Units||60 ( 4.9%)|
|Median Home Value||$204,393|
|Housing Affordability Index3||159|
|Average Household Size||2.44|
|Average Family Size||3|
GROWTH RATE / YEAR
|Median Household Income||5.75%|
|Per Capita Income||3.54%|
The table below compares Lake of the Woods to the other 1,369 incorporated cities, towns and CDPs in Illinois by rank and percentile using July 1, 2019 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.
|Total Population||# 444||68th|
|Population Density||# 394||71st|
|Diversity Index||# 547||60th|
|Median Household Income||# 408||70th|
|Per Capita Income||# 353||74th|
Additional comparisons and rankings can be made with a VERY EASY TO USE Illinois Census Data Comparison Tool.