Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 43.9 yrs |
|---|---|
| Avg HH Size | 2.40 |
| Below Poverty | 4.6% ▼ 54% below avg |
| College Grads | 35.4% ▼ 9% below avg |
| Unemployment | 0.9% ▼ 83% below avg |
| No HS Diploma | 2 (0.4%) |
| HS Graduate | 185 (33%) |
| Some College | 49 (8.8%) |
| Associates | 126 (22.5%) |
| Bachelors | 106 (18.9%) |
| Graduate Degree | 92 (16.4%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $80,250 ≈ Avg |
|---|---|
| Median Home Value | $120,300 ▼ 57% below avg |
| Home/Income Ratio | 1.5x (nat avg ~3.5x) |
| Median Rent | $695/mo |
| Total Housing Units | 359 |
| Vacant Units | 16 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Wood Lake is a city in Minnesota, located in Yellow Medicine County. The city spans 1 ZIP code and is home to approximately 824 residents. It is a middle-aged city, with a median age of 43.9 years.
Economically, Wood Lake is a middle-income community. The median household income of $80,250 is near the national average. Approximately 4.6% of residents live below the poverty line. The unemployment rate is 0.9%, well below the national average.
The real estate market in Wood Lake is one of the more affordable housing markets in the country. Median home values stand at $120,300, which is well below the national average. Renters typically pay around $695 per month. Homeownership is high at 87.2%, typical of suburban and family-oriented communities.
The population of Wood Lake is moderately educated. 35.4% of adults hold a bachelor's degree or higher — near the national average. The community is primarily White (92.23%).
Wood Lake, MN offers residents above-average earning potential within Minnesota.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 56297 | 824 | $80,250 | $120,300 | $695 | 0.9% | 35.4% | 87.2% |