Cost of Living in Lake of the Woods, VA
Population 8,165 · Virginia · Data vintage 2023
(100 = US avg)
Lake of the Woods is a smaller Virginia community of around 8000 residents, where median household incomes of $112,917 and housing costs ($378,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. An unemployment rate of 2.9% points to a labor market well on the tight side of the national distribution.
Geographically, Lake of the Woods is about 50 miles southwest of Alexandria, the nearest large metro. Median home values run roughly 46% lower than Alexandria's $697,000.
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 $377,500 — 24% above the national median of $305,000. Median rent runs $1,690/month, 29% higher than the national median of $1,314/month. The median household income of $112,917/year is 51% higher than the US median of $74,580. The local unemployment rate is 2.9%, below the national average of 4.8%. Virginia's top state income tax rate is 5.8% and the combined sales tax is 5.6%. The climate averages highs of 67.1°F and lows of 49.1°F, with about 12.4" of annual snowfall. Overall, Lake of the Woods has a cost of living index of 126 versus the US average of 100, meaning it is 26% more 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
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 45 | 48 | 56 | 68 | 76 | 84 | 88 | 86 | 80 | 69 | 58 | 49 |
| Low °F | 28 | 30 | 37 | 47 | 57 | 66 | 71 | 69 | 62 | 50 | 39 | 32 |
| Precip" | 2.66 | 2.36 | 3.58 | 3.16 | 3.63 | 3.53 | 4.64 | 4.24 | 3.43 | 3.33 | 3.14 | 3.33 |
| Snow" | 3.5 | 5.8 | 1.4 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 1.7 |
Frequently Asked Questions
What is the cost of living in Lake of the Woods, VA?
Lake of the Woods has a cost index of 126 (100 = national average). It is 26% above the national average.
What is average rent in Lake of the Woods, VA?
The median gross rent in Lake of the Woods is $1,690 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 $377,500 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 $112,917 per year (2023 ACS 5-year estimates).
What is the sales tax in Lake of the Woods, VA?
The combined state and local sales tax rate in Lake of the Woods is 5.6%. The Virginia state income tax top rate is 5.8%.
Is Lake of the Woods, VA affordable?
Lake of the Woods is above average in cost of living, with an index of 126 — about 26% higher than the national average.
What is the weather like in Lake of the Woods?
Lake of the Woods has average high temperatures of 67.1°F and average lows of 49.1°F. Annual precipitation is 41". Average annual snowfall is 12.4". Data from NOAA 1991–2020 Climate Normals.
Lake of the Woods at a Glance
- Population
- 8,165
- Median Income
- $112,917
- Home Value
- $377,500
- Median Rent
- $1,690/mo
- Unemployment
- 2.9%
- Avg High Temp
- 67.1°F
- Sales Tax
- 5.6%
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