Lake of the Woods vs Richmond
| Lake of the Woods | Richmond | |
|---|---|---|
| Population | 8,356 | 227,171 |
| Median Household Income | $109,153 | $64,587 |
| Median Home Value | $399,300 | $353,000 |
| Median Gross Rent | $1,765/mo | $1,372/mo |
| Homeownership Rate | 95.6% | 43.5% |
| Unemployment Rate | 0.8% | 5.7% |
| Bachelor's Degree or Higher | 45.6% | 45.6% |
| Median Age | 52.8 | 34.7 |
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.