IncomeBy County

Lake of the Woods County, Minnesota

Income Data

U.S. Census Bureau ACS
-7% vs. Minnesota average
$70,091
Median Household Income
$39,814
Per Capita Income

At a Glance

Median Household Income
$70,091
-7% vs. state avg
Per Capita Income
$39,814
+1% vs. national
Income-to-Housing Ratio
32.6%
income as % of home value
Rank in Minnesota
#56 / 87
by median household income

Economic Indicators

Unemployment Rate
N/A
Labor Force Participation
N/A

How Lake of the Woods County Compares

Lake of the Woods County$70,091
Minnesota Average$75,757
National Median$74,755

Detailed Income Statistics

$70,091
Median Household Income
$39,814
Per Capita Income
$215,000
Median Home Value
32.6%
Income-to-Housing Ratio

Income Advisory: Lake of the Woods County

Income Verdict

Lake of the Woods County has a median household income of $70,091 and per capita income of $39,814 — a gap of $30,277, suggesting a higher share of single-earner or non-family households.

Housing Affordability

With median gross rent at $867/month and a median household income of $70,091, rent consumes approximately 14.8% of monthly income — well within affordable thresholds.

Economic Context

A median household income of $70,091 suggests moderate-to-strong purchasing power, generally sufficient to cover essentials with room for discretionary spending in most markets. Per capita income of $39,814 is in line with national norms for individual earners.

Neighbor Context

Lake of the Woods County earns approximately 7.5% below the Minnesota state median household income of $75,757.

Data Story

About Household Income in Lake of the Woods County, Minnesota

Lake of the Woods Below National Standard

Lake of the Woods County's median household income of $70,091 falls about $4,664 short of the national median of $74,755, a 6.2% gap. The county earns less than typical American households, though remains in the moderate range nationally.

Lower Income Among Minnesota Counties

Lake of the Woods ranks below Minnesota's state average of $75,757 by $5,666, placing it in the lower-middle tier among the state's 87 counties. The per capita income of $39,814 suggests limited wealth concentration locally.

Mid-Range Among Regional Peers

Lake of the Woods' $70,091 median falls between Kittson ($69,615) on the lower end and Kanabec ($71,915) and Kandiyohi ($75,097) above. The county reflects typical income levels for Minnesota's far northern rural regions.

Affordable Housing Market

Lake of the Woods excels with a 14.8% rent-to-income ratio, keeping housing costs well under the 30% benchmark. The median home value of $215,000 is accessible for households earning the county median, though requires disciplined saving.

Strategic Saving on Moderate Income

At $70,091, Lake of the Woods households must budget carefully but benefit from affordable housing that frees up resources for savings. Focus on employer retirement benefits first, then build a dedicated emergency fund before pursuing additional investments.

Frequently Asked Questions

What is the median household income in Lake of the Woods County, Minnesota?
The median household income in Lake of the Woods County, Minnesota is $70,091, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. This represents the midpoint of all household incomes in the county.
How much do people earn in Lake of the Woods County?
The per capita income in Lake of the Woods County is $39,814, which represents the average income per person across the entire county population. The median household income — which accounts for all earners in a household — is $70,091.
How does Lake of the Woods County compare to the Minnesota average?
Lake of the Woods County's median household income of $70,091 is lower than the Minnesota state average of $75,757. The per capita income is $39,814, compared to the state average of $39,335.
What is the per capita income in Lake of the Woods County, Minnesota?
The per capita income in Lake of the Woods County, Minnesota is $39,814, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. Per capita income is calculated by dividing total personal income by total population, providing an average income figure per resident.
Is Lake of the Woods County a low-income area in Minnesota?
Lake of the Woods County's median household income of $70,091 is below the Minnesota average of $75,757. The per capita income of $39,814 is also comparable to the state average of $39,335. Lower incomes can reflect the local economic base, rural vs. urban location, and employment opportunities available in the area.
How does Lake of the Woods County rank for income in Minnesota?
Lake of the Woods County ranks #56 out of 87 counties in Minnesota by median household income (1 = highest). With a median household income of $70,091 and per capita income of $39,814, it falls in the middle third of counties statewide.

Income Comparison Calculator

See how your household income compares in Lake of the Woods County

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Your income is above the Lake of the Woods County median

County median: $70,091 per year

vs. County Median

+0%

vs. State Average

-7%

vs. National Median

-6%

vs. Lake of the Woods County MedianAbout equal
vs. Minnesota Average▼ 7% below
vs. National Median▼ 6% below

Income Adequacy

Monthly income covers median rent6.7x

Your monthly income ($5,841) vs. median rent ($867/mo). A ratio of 3.3x or higher means rent is under 30% of income.

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By Logan Johnson, Founder & Data EditorUpdated Reviewed by Logan Johnson, Founder & Data Editor

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.

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