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Minnesota

Cost of living in Lake of the Woods County, MN

Estimated monthly cost
$2,794/mo
for a single person, all categories combined

Population 3,800 · Last updated May 21, 2026

Cost breakdown

Single person, by category, per month.

Rent $711 25%
Federal tax $509 18%
Healthcare $480 17%
Groceries $340 12%
Transport $320 11%
State tax $197 7%
Energy $187 7%
Water $50 2%

Rent in Lake of the Woods County

Fair Market Rents by bedroom count.

Studio
$640
per month
1 bedroom
$711
per month
2 bedroom
$933
per month
3 bedroom
$1,124
per month
4 bedroom
$1,347
per month

Source: HUD FMR FY2025

Income and earnings in Lake of the Woods County

Annual earnings figures from the Census ACS.

Household income
$70,091
per year
Individual earnings
$41,207
per year
Per capita
$39,814
per year

Source: ACS 2019-2023 5-Year.

Home values in Lake of the Woods County

Average values reported by homeowners.

Average home value
$215,000
Annual property tax
$1,520

Source: ACS 2019-2023 5-Year

Energy costs in Lake of the Woods County

Estimated monthly electricity and gas costs.

Electricity
$124
per month · 15.5¢/kWh
Natural gas
$63
per month
Annual total
$2,244
per year

Source: EIA

Healthcare in Lake of the Woods County

Insurance premiums and coverage rates.

Individual premium
$480
per month
Family premium
$1,350
per month
Uninsured rate
4.4%

Source: ACS + national avg. Marketplace benchmark premiums are second-lowest Silver plan estimates and do not reflect employer plans, subsidies, or out-of-pocket costs. This is not healthcare advice.

Taxes in Lake of the Woods County

State and local tax rates for Minnesota.

State income tax
9.8%
Top marginal rate
State sales tax
6.9%
Combined sales tax
7.5%
incl. average local

Tax rates change. Consult a qualified tax professional for advice on your specific situation. This is not tax advice.

Transportation in Lake of the Woods County

Commute patterns and estimated costs.

Average commute
18.4 min
Drive alone
76.5%
Public transit
0.0%
Work from home
4.9%

Source: ACS

Monthly cost estimates for Lake of the Woods County

What it costs to live in Lake of the Woods County each month.

Single person
$2,794
per month
  • Rent $711
  • Energy $187
  • Water $50
  • Groceries $340
  • Transport $320
  • Healthcare $480
  • Federal tax $509
  • State tax $197
Couple
$4,242
per month
  • Rent $933
  • Energy $224
  • Water $60
  • Groceries $563
  • Transport $420
  • Healthcare $864
  • Federal tax $817
  • State tax $361
Family
$6,577
per month
  • Rent $1,124
  • Energy $280
  • Water $70
  • Groceries $855
  • Transport $520
  • Healthcare $1,350
  • Childcare $1,200
  • Federal tax $817
  • State tax $361

Frequently asked questions about Lake of the Woods County

Common questions about cost of living, rent and salary.

What is the average rent in Lake of the Woods County?

In Lake of the Woods County, MN, a one-bedroom apartment averages $711 per month, a two-bedroom averages $933 per month, a three-bedroom averages $1,124 per month, according to HUD Fair Market Rent data.

What is the average salary in Lake of the Woods County?

In Lake of the Woods County, MN, the average household income is $70,091 per year and individual earnings for full-time workers average $41,207 per year, according to U.S. Census Bureau data.

What is the cost of living in Lake of the Woods County?

The estimated cost of living in Lake of the Woods County, MN is approximately $2,794 per month for a single person, $4,242 for a couple, $6,577 for a family. This includes rent, utilities, groceries, transportation, healthcare, and taxes.

What is the sales tax rate in Lake of the Woods County?

The combined sales tax rate in Lake of the Woods County, MN is 7.54%, which includes the Minnesota state rate of 6.88% plus an average local rate of 0.66%.

Is Lake of the Woods County an affordable place to live?

Based on the data, a single person in Lake of the Woods County, MN would need approximately $2,794 per month to cover rent, utilities, food, transport, healthcare, and taxes. The average household income is $70,091 per year ($5,841 per month). Lake of the Woods County is relatively affordable compared to the national average.

How much does healthcare cost in Lake of the Woods County?

The ACA marketplace benchmark premium in Lake of the Woods County, MN is approximately $480 per month for an individual. Approximately 4.4% of residents are uninsured. Actual costs vary based on employer coverage, plan type, and individual circumstances.

What are house prices in Lake of the Woods County?

The average home value in Lake of the Woods County, MN is $215,000, with average annual property taxes of $1,520, according to U.S. Census Bureau data.

How does Lake of the Woods County compare to other areas?

You can compare Lake of the Woods County, MN with any other US county using our comparison tool at /compare. Lake of the Woods County is in Minnesota.

Other counties in Minnesota

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About this data

All figures on this page come from official U.S. government sources, listed below.

  • HUD FMR FY2025
  • ACS 2019-2023 5-Year
  • EIA
  • ACS + national avg
  • ACS
  • USDA + BEA RPP
Methodology All data sources