Apartments for rent in Lake of the Woods, IL

The small town of Lake of the Woods, Illinois is home to just under 3,000 people. Young children account for a higher percentage of the population here (9%) than nationally (6%), making it a nice place to raise a family, while young professionals appear in smaller numbers. At an average age of just over 35, the town's residents skew notably younger than most cities in Illinois. Home ownership is more common than renting in Lake of the Woods, and 21% of residents rent. The average rent of $1,012 per month is roughly on par with the state average.

Compared to the national average (19%), Lake of the Woods has a large concentration of residents older than 25 with a Bachelor's or Associate's degree (26%). Further, 7% have earned a Master's or Doctoral degree. Many Lake of the Woods residents work in one of two industries: retail and education. Together, these industries make up 19% of the town's workforce. Meanwhile, in terms of job function, 9% of the town's population works in sales, which ranks as the top profession in the town. Lake of the Woods workers earn an average annual income of about $78K, roughly the same as the Illinois average. However, Lake of the Woods compares more favorably to the national average of $73,345.

Averaging about 23 minutes, the commute time for Lake of the Woods residents outperforms the Illinois average of about 32 minutes. Many residents (48%) drive themselves to work, while public transportation is not used. Walking isn't a common way to get to work.