Pay and cost of living in Lake of the Woods County, MN
Across the 5 occupations we cover in Lake of the Woods County, MN, the middle median salary is $37,240 a year. Pay runs from $30,260 for Cashiers up to $97,280 for Registered Nurses, a spread of $67,020. Wages come from the Northwest Minnesota nonmetropolitan area survey area.
A one-bedroom apartment in Lake of the Woods County, MN has a HUD Fair Market Rent of $882 a month and a two-bedroom $1,154. Rent, food, home energy and gasoline for one adult add up to $17,519 a year. After federal, FICA and state income taxes, the average occupation here takes home $43,526 a year, and every one of the 5 occupations listed here earns enough take-home pay to cover the four basics.
Open any occupation below for its full payslip, the tax breakdown, the rent comparison and a plain-English explanation of what is left after the basics. Every figure uses the same method, so results are comparable from one job and one county to the next.
Housing, taxes and commute in Lake of the Woods County, MN
The figures below are exact U.S. Census Bureau American Community Survey 2020-2024 5-year estimates for Lake of the Woods County, MN, set beside the Minnesota and national medians.
Median household income in Lake of the Woods County, MN is $77,546, 13% below the Minnesota median of $89,062 and $80,734 nationally. A year of one-bedroom Fair Market Rent ($10,584) equals 13.6% of that income. The median of the occupation medians listed here, $37,240, is 52% below household income, which is expected because a household can hold more than one earner.
Homeowners in Lake of the Woods County, MN pay a median of $1,419 a year in real estate taxes, 58% below the Minnesota median of $3,357. With a median home value of $216,100, 34% below the Minnesota median of $329,300, the ratio of the two medians is 0.66% a year.
Renters in Lake of the Woods County, MN pay a median gross rent of $955 a month in the Census survey, 25% below the Minnesota median of $1,280. HUD's one-bedroom Fair Market Rent used for the budgets on this site is $882; the Census figure covers rental units of every size.
Workers in Lake of the Woods County, MN who travel to a workplace spend an average of 16.2 minutes each way, 29% below the Minnesota average of 22.7. 5.4% of workers work from home, compared with 15.1% nationally.