Wood Lake, MN Profile: Facts & Data

Advertisement

Wood Lake Local Links & Resources:
Resources | ALL Wood Lake Content
Planning to visit Wood Lake? See Local Hotels

Also See: Wood Lake, MN ZIP Codes & ZIP Code Maps | Local Area Photos

Wood Lake, Minnesota - Basic Facts

The City of Wood Lake had a population of 422 as of July 1, 2019. Wood Lake ranks in the upper quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Minnesota. See peer rankings below.

The primary coordinate point for Wood Lake is located at latitude 44.6527 and longitude -95.5384 in Yellow Medicine County. The formal boundaries for the City of Wood Lake encompass a land area of 0.81 sq. miles and a water area of 0 sq. miles. Yellow Medicine County is in the Central time zone (GMT -6). The elevation is 1,053 feet.

The City of Wood Lake (GNIS ID: 2397362) has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Alternate Unofficial Names for Wood Lake: City of Wood Lake.

Jump to... (On This Page!)
  1. Wood Lake 2019 Demographic Data
  2. Growth Rates for Wood Lake (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Minnesota Research Tools (Easy Tools & Current Data)
  3. Minnesota Data Comparison Tool - 2019 Demographics

Wood Lake, MN - Most Popular Things to Do

Also See: Nearby Photos | Nearby Hotels | Driving Directions

Use HTL Address Research for a Minnesota Address and get...

Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2019, data includes home values, household income, percentage of homes owned, rented or vacant, etc.


Advertisement

Wood Lake, MN Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

Wood Lake, MN Housing Affordability Index is 299
State of Minnesota Housing Affordability Index is 135
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.

WEALTH INDEX

Wood Lake, MN Wealth Index is 73
State of Minnesota Wealth Index is 112
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

These new demographic attributes are availiable for Neighborhoods, Cities, Counties, and ZIP Codes.

More Tools and Resources:

  1. For information about schools and school attendance zones, use the HTL Address Tool
  2. Our new HTL Neighborhood Explorer provides lots of detail about any neighborhood.
  3. The new 2-Minute Introduction and Concise Guide to Big Data which will help you make the most effective use of HomeTownLocator Tools.
  4. See the References & Data Sources page for more information about methodology and sources of data.
  5. See the Minnesota COVID-19 Data and US COVID-19 Data for more information on the spread of the novel coronavirus.

POPULATION

Total Population 422 (100%)
Population in Households 421 (99.8%)
Population in Families 336 (79.6%)
Population in Group Quarters1 1 ( 0.2%)
Population Density 560
Diversity Index2 30
 

INCOME

Median Household Income $54,895
Average Household Income $71,649
Per Capita Income $29,102
Wealth Index4 73

HOUSING

Total Housing Units 189 (100%)
Owner Occupied HU 142 (75.1%)
Renter Occupied HU 31 (16.4%)
Vacant Housing Units 16 ( 8.5%)
Median Home Value $90,625
Housing Affordability Index3 299
 

HOUSEHOLDS

Total Households 173
Average Household Size 2.43
Family Households 116
Average Family Size 3
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2019 2019-2024
Population -0.43% -0.58%
Households -0.49% -0.58%
Families -0.18% -0.7%
Median Household Income   1.61%
Per Capita Income   2.58%

Wood Lake, MN - Peer Comparisons by Rank and Percentile

The table below compares Wood Lake to the other 903 incorporated cities, towns and CDPs in Minnesota by rank and percentile using July 1, 2019 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 549 39th
Population Density # 466 49th
Diversity Index # 180 80th
Median Household Income # 560 38th
Per Capita Income # 558 38th

Additional comparisons and rankings can be made with a VERY EASY TO USE Minnesota Census Data Comparison Tool.

Quick & Easy Ways to...

  1. Get Current Demographic Data for Cities, Towns, and ZIP Codes
  2. View Boundary Maps, for Cities, Towns, and ZIP Codes
  3. Locate Physical, Cultural, and Historical Features

Minnesota Census Data Comparison Tool

Compare Minnesota July 1, 2019 Data
Data:
Locations:
Highest or Lowest:
Results:
Advertisement