Lake of the Woods, Indiana Demographics & Population 2026
During the 2020–2024 ACS period, Lake of the Woods, Indiana had a total population of 663, the 444th largest community in Indiana, with a median household income of $59,464, which is 17% lower than the state average. The poverty rate is 6.5%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Unemployment rate of 14.2% is notably above the national average.
Lake of the Woods Quick Facts
How Lake of the Woods Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 658 | 663 | +0.8% |
| Median household income | $64,375 | $59,464 | -7.6% |
| Median home value | $189,600 | $254,200 | +34.1% |
How Lake of the Woods Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 41 | National average: 61
Education
Educational Attainment (Adults 25+)
Lake of the Woods Rankings in Indiana
Explore Indiana Rankings
Cities Similar to Lake of the Woods
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Arlington | 678 | $57,841 | $131,300 | 19.3% | 13.1% |
| Knightsville | 642 | $60,208 | $109,800 | 9.1% | 9.0% |
| Windfall City | 705 | $58,550 | $88,700 | 11.8% | 15.4% |
| Harmony | 645 | $54,615 | $116,700 | 6.9% | 11.4% |
| Mount Summit | 713 | N/A | $214,100 | 17.2% | 4.9% |
A note before these figures: with a population of 663, Lake of the Woods's ACS estimates come from a small number of survey responses and carry wide margins of error. Individual percentages below — particularly rates that round to 0% or 100% — are approximations, not precise measurements. See data.census.gov for the published margins of error.
Population Overview
Lake of the Woods is a small community located in Indiana. The total population is 663. It ranks as the 444th most populous out of 967 Census-designated places in Indiana.
Age Demographics
The median age in Lake of the Woods is 43.8 years. This is 15% higher than the state median of 38.1 years.
Economy, Income & Housing
The median household income in Lake of the Woods is $59,464. This is 17% lower than the state median of $71,957. It is also 26% lower than the national median of $80,734. The poverty rate stands at 6.5%. This is 47% lower than the state poverty rate of 12.3%. The unemployment rate is 14.2%. This is 232% higher than the state rate of 4.3%. The median home value is $254,200. Housing costs are 16% higher than the state median of $218,200. The home-value-to-income ratio is 4.3x. 70.3% of occupied housing units are owner-occupied.
Race & Ethnicity
Every resident counted in Lake of the Woods was recorded as White (non-Hispanic). A figure of exactly 100.0% reflects a survey sample too small to capture the community's full composition rather than a precise measurement.
Education
13.1% of residents aged 25 and older hold a bachelor's degree or higher. This is 56% lower than the state rate of 29.5%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 94.1%.
Data Sources & Methodology
All demographic data for Lake of the Woods, Indiana is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Indiana state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 967 Census-designated places in Indiana. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Lake of the Woods, Indiana?
Lake of the Woods, Indiana has a population of 663 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Lake of the Woods, IN?
The median household income in Lake of the Woods is $59,464, which is 26% lower than the national median of $80,734.
What is the poverty rate in Lake of the Woods, IN?
The poverty rate in Lake of the Woods is 6.5%. This means approximately 43 residents live below the federal poverty line.
What is the racial makeup of Lake of the Woods, Indiana?
Lake of the Woods's population is 100.0% White, 0.0% Black, 0.0% Hispanic/Latino, and 0.0% Asian.
What is the median home value in Lake of the Woods, IN?
The median home value in Lake of the Woods is $254,200. The home-value-to-income ratio is 4.3x.
How educated is Lake of the Woods, Indiana?
13.1% of adults (25+) in Lake of the Woods hold a bachelor's degree or higher, and 2.5% hold a graduate or professional degree.