Lake of the Woods vs Elgin
| Lake of the Woods | Elgin | |
|---|---|---|
| Population | 2,350 | 114,190 |
| Median Household Income | $61,625 | $90,282 |
| Median Home Value | $193,500 | $273,000 |
| Median Gross Rent | $1,190/mo | $1,361/mo |
| Homeownership Rate | 86.1% | 71.9% |
| Unemployment Rate | 6.2% | 6.1% |
| Bachelor's Degree or Higher | 38.3% | 27.0% |
| Median Age | 37.9 | 36.7 |
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.