Lake of the Woods, IL
2,091Residents
$61,625Median household income
$1,190/moMedian gross rent
$193,500Median home value
37.9Median age
38%Adults with a bachelor’s degree or higher
86%Homes lived in by their owners
3.1×Home value to household income
Median rent takes about 23% of the median household income in Lake of the Woods.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $48,000 a year. In Illinois that leaves roughly $3,198 a month after tax. See the full paycheck breakdown for $50,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.