Crime
This area is characterized by a crime rate, per 100,000 individuals, that falls well below the national average, indicating its potential as a very safe place to live.
Employment
This area scores extremely well in the employment category. This is primarily due to the combination of low unemployment rates, higher median home income and income per capita.
Housing
The housing category in this area boasts higher than average scores, likely influenced by a positive home affordability ratio, robust appreciation rates or elevated home values.
Amenities
It appears that many amenities may not be conveniently situated within walking distance, potentially necessitating the use of a vehicle or public transit.
Commute
Commuters in this area may experience longer-than-average work commute times due to limited public transportation access.
Health & Safety
Factors like poor air quality and the absence of essential health-related facilities like hospitals, clinics, nursing homes and pharmacies could have played a role in the low score in this category.
Lake of the Woods is a small city located in the state of Virginia. The city has a population of 8,565 residents. If we take a look at the last Census, the vast majority of the population falls within one racial group (77% White). Given that fact, Lake of the Woods could be considered less diverse than other cities. Based on an average age of 51, Lake of the Woods appears to be well-suited for seniors or retirees as the average age is well above the national average. If you are looking for a family friendly city, Lake of the Woods might be a good fit as 77% of the population over 15 years old are married, and 31% have kids who are 18 years old or younger. Long, unnecessary commutes can be both frustrating and inconvenient when heading to work. Nationwide, the average one-way commute time takes 26 minutes, but regrettably, residing in Lake of the Woods entails a longer-than-average one-way commute time, averaging 35 minutes.
Living in Lake of the Woods can be a fulfilling experience for anyone relocating to the city. Having said that, in the state of Virginia, there are many incredible places to live, so choose wisely! When searching for a new neighborhood, several factors play a vital role in determining its suitability. Safety should be a top priority, ensuring a secure environment with low crime rates. Proximity to your workplace or school helps minimize commuting time and allows for a better work-life balance. Availability of essential amenities such as parks, coffee shops, restaurants, grocery stores, and healthcare facilities contributes to convenience and well-being. Access to reliable public transportation options facilitates easy commuting and connectivity. Additionally, considering the sense of community and the overall atmosphere that resonates with your lifestyle and preferences fosters a harmonious living experience. With useful information like amenities, commute, health & safety, employment, housing and other key data points, finding the best places to live in Lake of the Woods and in the areas around Lake of the Woods is a much easier task.
Using data and statistics Lake of the Woods has received a livability score of 63/100. This score is ranked in the 55th percentile when compared to all other cities. If we take a closer look at each of the categories individually, we see that Lake of the Woods ranks well for crime (A), employment (A+) and housing (A). There is at least one category that you should be aware of in Lake of the Woods. The following was graded with a concerning score: amenities (F).
Unemployment rates can vary significantly among cities, impacting job prospects, wage levels and the overall economic health of an area. In Lake of the Woods, the unemployment rate stands at 2.38%, suggesting increased job opportunities and a heightened demand for workers. This scenario can lead to higher wages, as the demand for employees outpaces job availability. Importantly, a low unemployment rate often signifies a robust and flourishing local economy.
A healthy real estate market serves as a key economic indicator. It could signify overall local economic strength, stability and reflects consumer confidence in the area. Based on multiple factors including: median home and rental prices, appreciation rates and home affordability, Lake of the Woods has received high marks in the housing category. Based on these calculations, the apartment rental and real estate market appears to be very healthy.
Certain items on your wish list like shopping, restaurants, nightlife, parks and proximity to public transportation are all important things to look for. Having said that, perhaps the most important metric to consider when contemplating a move to Lake of the Woods is real estate affordability. Median real estate prices in Lake of the Woods come in at $284,500, which is 14.5% higher than the Virginia average. The home price to income ratio compares the median home prices to the median household income. In Lake of the Woods, the home price to income ratio is 3.4, which is 10.5% lower than the Virginia average.
| Statistic | Lake of the Woods | Virginia | National |
| Average one way commute | 35min | 28min | 26min |
| Workers who drive to work | 82.6% | 77.4% | 76.4% |
| Workers who carpool | 6.1% | 9.5% | 9.3% |
| Workers who take public transit | 1.3% | 4.5% | 5.1% |
| Workers who bicycle | 0.0% | 0.4% | 0.6% |
| Workers who walk | 0.0% | 2.4% | 2.8% |
| Working from home | 10.0% | 4.7% | 4.6% |
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