Cost of Living in Lake of the Woods, AZ
Population 3,227 · Arizona · Data vintage 2023
(100 = US avg)
Under 25,000 residents gives Lake of the Woods a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $209,000. Unemployment has stayed elevated relative to the national figure — 13.4% as of the most recent ACS release — which shows up in household-income and poverty figures as well.
Geographically, Lake of the Woods lies roughly 110 miles northeast of the nearest major metro, Mesa. Median home values run roughly 43% lower than Mesa's $364,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Lake of the Woods
The median home value in Lake of the Woods is $208,800 — 32% below the national median of $305,000. Median rent runs $780/month, 41% lower than the national median of $1,314/month. The median household income of $55,531/year is 26% lower than the US median of $74,580. The local unemployment rate is 13.4%, above the national average of 4.8%. Arizona's top state income tax rate is 2.5% and the combined sales tax is 8.4%. Overall, Lake of the Woods has a cost of living index of 65 versus the US average of 100, meaning it is 35% less expensive.
Lake of the Woods has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Lake of the Woods, AZ?
Lake of the Woods has a cost index of 65 (100 = national average). It is 35% below the national average.
What is average rent in Lake of the Woods, AZ?
The median gross rent in Lake of the Woods is $780 per month based on 2023 Census data.
What is the average home price in Lake of the Woods?
The median home value in Lake of the Woods is $208,800 according to 2023 Census ACS data.
What is the median income in Lake of the Woods?
The median household income in Lake of the Woods is $55,531 per year (2023 ACS 5-year estimates).
What is the sales tax in Lake of the Woods, AZ?
The combined state and local sales tax rate in Lake of the Woods is 8.4%. The Arizona state income tax top rate is 2.5%.
Is Lake of the Woods, AZ affordable?
Yes, Lake of the Woods is generally considered affordable, with a cost of living index of 65 — about 35% below the US national average of 100.
Lake of the Woods at a Glance
- Population
- 3,227
- Median Income
- $55,531
- Home Value
- $208,800
- Median Rent
- $780/mo
- Unemployment
- 13.4%
- Sales Tax
- 8.4%
Nearby Cities
Explore county-level cost of living data
Arizona Rankings
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