Cost Of Living
Residents in this area benefit from an affordable cost of living. This includes goods and services, transportation, housing, utilities, groceries and healthcare.
Crime
This area is characterized by a crime rate, per 100,000 individuals, that falls well below the national average, indicating its potential as a very safe place to live.
Housing
The housing category in this area boasts higher than average scores, likely influenced by a positive home affordability ratio, robust appreciation rates or elevated home values.
Amenities
It appears that many amenities may not be conveniently situated within walking distance, potentially necessitating the use of a vehicle or public transit.
Commute
Commuters in this area may experience longer-than-average work commute times due to limited public transportation access.
Health & Safety
Factors like poor air quality and the absence of essential health-related facilities like hospitals, clinics, nursing homes and pharmacies could have played a role in the low score in this category.
Schools
Factors such as lower than average graduation rates, lackluster reading and math scores and the limited accessibility of local elementary and high schools could contribute to the low schools score.
Lake of the Woods, Illinois is a smaller city with a population of 2,515 people. If we look at the most recent Census, Lake of the Woods is known to have a predominantly White population. The next two most common races are Black and Asian. If you are a young adult or student, you might be pleased to know that the average age of all Lake of the Woods residents is 32. On a daily basis, the typical American spends approximately 26 minutes on their one-way work commute. Reduced travel times not only contributes to increased overall happiness, but also affords more opportunities to cherish moments with family and friends. If you're living in Lake of the Woods, your commute time will align closely with the national average, spanning a one-way duration of approximately 24 minutes.
Without the right tools, moving to any new town can be very stressful and challenging. Living in Lake of the Woods, Illinois could be a positive experience for anyone who puts in the effort to do the research required. When searching for a new neighborhood, several key items should be considered. Safety is paramount, ensuring a secure environment for you and your family. Proximity to workplaces or schools reduces commuting time and enhances convenience. Access to amenities like parks, grocery stores and healthcare facilities contributes to a comfortable lifestyle. Reliable public transportation options promote easy mobility. A strong sense of community fosters social connections and a welcoming atmosphere. Finding the best places to live in Lake of the Woods and nearby areas is a much easier task when you can rely on information and data from the livability score, which includes amenities, cost of living, commute and other important metrics.
Using data and statistics Lake of the Woods has received a livability score of 65/100. This score is ranked in the 61st percentile when compared to all other cities. If we dig a little deeper into each category within the livability score, we see that Lake of the Woods has higher than average rankings for the following: crime (A), cost of living (A+) and housing (A+). Lake of the Woods does not fare well for the following: amenities (F) and education (D). It might be a good idea to take a closer look at each category to find out why.
The unemployment rate in Lake of the Woods has consistently declined over the years and currently stands well below the national average at 2.31%. This downward trend holds the potential to reduce poverty and inequality within the region, promote higher wage levels and stimulate greater economic growth. Such positive indicators signal the overall robust health of the local economy, offering a promising outlook for its residents and fostering an environment of financial well-being and prosperity.
A robust real estate market serves as a crucial economic indicator, reflecting the local area's strength, stability and the confidence of its residents. Lake of the Woods excels in the housing sector, scoring high marks based on factors such as median home and rental prices, appreciation rates and home affordability. These calculations suggest that the apartment rental and real estate market in the region is exceptionally healthy, highlighting the area's economic vitality and attractiveness to potential homebuyers and renters.
There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are attainable, we'll need to know if the real estate in Lake of the Woods is actually affordable. Median real estate prices in Lake of the Woods come in at $148,200, which is 15.2% lower than the Illinois average. The home price to income ratio compares the median home prices to the median household income. In Lake of the Woods, the home price to income ratio is 2.5, which is 16.7% lower than the Illinois average.
| Statistic | Lake of the Woods | Illinois | National |
| Average one way commute | 24min | 29min | 26min |
| Workers who drive to work | 81.5% | 73.4% | 76.4% |
| Workers who carpool | 17.3% | 8.3% | 9.3% |
| Workers who take public transit | 0.0% | 9.2% | 5.1% |
| Workers who bicycle | 0.0% | 0.6% | 0.6% |
| Workers who walk | 1.3% | 3.1% | 2.8% |
| Working from home | 0.0% | 4.4% | 4.6% |
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