The median household income in Lake of the Woods, IL in 2022 was $68,146, which was 12.6% less than the median annual income of $76,708 across the entire state of Illinois. Compared to the median income of $42,571 in 2000 this represents an increase of 37.5%. The per capita income in 2022 was $33,412, which means an increase of 40.3% compared to 2000 when it was $19,938.
Whole page based on the data from 2000 / 2022 when the population of Lake of the Woods, Illinois was 3,026 / 2,350
Income statistics for all residents
Median household income in Lake of the Woods, IL in 2022:
Lake of the Woods:
$68,147
State:
$76,708
Change in median household income between 2000 and 2022:
Lake of the Woods, Illinois:
+60.1%
State:
+64.6%
Number of households with income < $10k:
Lake of the Woods:
0.0% (0)
State:
5.9% (296,090)
Number of households with income $10k - 20k:
Lake of the Woods:
20.9% (212)
Illinois:
6.6% (333,259)
Number of households with income $20k - 30k:
Lake of the Woods:
10.1% (103)
State:
6.8% (342,921)
Number of households with income $30k - 40k:
Lake of the Woods:
5.1% (52)
State:
7.0% (355,254)
Number of households with income $40k - 50k:
Lake of the Woods:
2.5% (25)
State:
6.7% (340,678)
Number of households with income $50k - 60k:
Lake of the Woods:
10.6% (108)
State:
6.7% (339,405)
Number of households with income $60k - 75k:
Lake of the Woods:
8.2% (83)
Illinois:
9.2% (465,709)
Number of households with income $75k - 100k:
Lake of the Woods:
8.0% (81)
Illinois:
12.9% (651,353)
Number of households with income $100k - 125k:
Lake of the Woods:
20.6% (209)
Illinois:
10.3% (522,359)
Number of households with income $125k - 150k:
Lake of the Woods:
4.7% (48)
Illinois:
7.3% (367,136)
Number of households with income $150k - 200k:
Lake of the Woods:
5.5% (56)
Illinois:
9.0% (455,249)
Number of households with income > $200k:
Lake of the Woods:
3.8% (39)
Illinois:
11.6% (586,947)
Aggregate household income in Lake of the Woods in 2022: $77,832,358
Median family income in Lake of the Woods in 2022:
Lake of the Woods:
$105,287
State:
$96,948
Number of families with income $10k - 20k:
Lake of the Woods:
11.3% (70)
State:
3.3% (105,017)
Number of families with income $20k - 30k:
Lake of the Woods:
10.5% (65)
State:
4.7% (146,403)
Number of families with income $40k - 50k:
Lake of the Woods:
3.3% (20)
State:
5.8% (181,164)
Number of families with income $50k - 60k:
Lake of the Woods:
4.3% (27)
State:
6.1% (191,561)
Number of families with income $60k - 75k:
Lake of the Woods:
5.4% (34)
Illinois:
9.0% (282,985)
Number of families with income $75k - 100k:
Lake of the Woods:
10.7% (66)
State:
13.8% (432,725)
Number of families with income $100k - 125k:
Lake of the Woods:
35.5% (221)
State:
11.9% (373,296)
Number of families with income $125k - 150k:
Lake of the Woods:
3.5% (22)
State:
8.9% (279,791)
Number of families with income $150k - 200k:
Lake of the Woods:
8.7% (54)
State:
11.9% (372,004)
Number of families with income > $200k:
Lake of the Woods:
6.8% (42)
State:
15.9% (500,033)
Median non-family income in Lake of the Woods in 2022:
Lake of the Woods:
$27,823
State:
$46,533
Change in median non-family income between 2000 and 2022:
Lake of the Woods, Illinois:
+1.5%
State:
+64.0%
Median per capita income in Lake of the Woods in 2022:
Lake of the Woods:
$33,413
State:
$43,317
Change in median per capita income between 2000 and 2022:
Lake of the Woods, Illinois:
+67.6%
Illinois:
+87.5%
Income statistics for White residents
Median household income in Lake of the Woods, IL in 2022:
Lake of the Woods:
$67,975
State:
$83,346
Change in median household income between 2000 and 2022:
Lake of the Woods, Illinois:
+57.8%
State:
+67.5%
Number of households with income < $10k:
Lake of the Woods:
0.0% (0)
State:
4.5% (149,895)
Number of households with income $10k - 20k:
Lake of the Woods:
18.1% (174)
Illinois:
5.5% (184,529)
Number of households with income $20k - 30k:
Lake of the Woods:
10.6% (102)
State:
6.1% (205,767)
Number of households with income $30k - 40k:
Lake of the Woods:
5.2% (50)
Illinois:
6.7% (225,572)
Number of households with income $40k - 50k:
Lake of the Woods:
3.0% (29)
State:
6.5% (216,965)
Number of households with income $50k - 60k:
Lake of the Woods:
11.2% (108)
Illinois:
6.6% (222,841)
Number of households with income $60k - 75k:
Lake of the Woods:
8.1% (78)
Illinois:
9.3% (312,758)
Number of households with income $75k - 100k:
Lake of the Woods:
7.5% (72)
State:
12.9% (433,180)
Number of households with income $100k - 125k:
Lake of the Woods:
21.7% (209)
State:
10.7% (360,753)
Number of households with income $125k - 150k:
Lake of the Woods:
4.5% (43)
State:
7.9% (266,532)
Number of households with income $150k - 200k:
Lake of the Woods:
6.1% (59)
State:
10.0% (337,357)
Number of households with income > $200k:
Lake of the Woods:
4.0% (39)
State:
13.3% (446,069)
Aggregate household income in Lake of the Woods in 2022: $74,098,752
Median family income in Lake of the Woods in 2022:
Lake of the Woods:
$108,749
State:
$107,938
Number of families with income $10k - 20k:
Lake of the Woods:
5.9% (34)
State:
2.5% (50,574)
Number of families with income $20k - 30k:
Lake of the Woods:
8.7% (49)
Illinois:
3.5% (70,927)
Number of families with income $40k - 50k:
Lake of the Woods:
3.4% (19)
State:
5.0% (102,597)
Number of families with income $50k - 60k:
Lake of the Woods:
4.3% (24)
Illinois:
5.8% (119,129)
Number of families with income $60k - 75k:
Lake of the Woods:
5.6% (32)
Illinois:
8.8% (179,665)
Number of families with income $75k - 100k:
Lake of the Woods:
10.9% (62)
State:
13.5% (276,887)
Number of families with income $100k - 125k:
Lake of the Woods:
40.0% (226)
State:
12.5% (256,099)
Number of families with income $125k - 150k:
Lake of the Woods:
3.3% (19)
State:
9.8% (199,855)
Number of families with income $150k - 200k:
Lake of the Woods:
10.2% (57)
Illinois:
13.4% (274,569)
Number of families with income > $200k:
Lake of the Woods:
7.7% (43)
Illinois:
18.6% (381,354)
Median non-family income in Lake of the Woods in 2022:
Lake of the Woods:
$29,735
State:
$50,934
Change in median non-family income between 2000 and 2022:
Lake of the Woods, Illinois:
+8.3%
State:
+70.7%
Median per capita income in Lake of the Woods in 2022:
Lake of the Woods:
$33,000
Illinois:
$50,738
Change in median per capita income between 2000 and 2022:
Lake of the Woods, Illinois:
+63.8%
State:
+95.5%
Income statistics for Hispanic or Latino residents
Median per capita income in Lake of the Woods in 2022:
Lake of the Woods:
$18,812
Illinois:
$26,551
Change in median per capita income between 2000 and 2022:
Lake of the Woods, Illinois:
+136.3%
Illinois:
+111.0%
Income statistics for other residents
Median per capita income in Lake of the Woods in 2022:
Lake of the Woods:
$83,685
State:
$25,392
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