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Places/MN/Lake of the Woods
County profile

Lake of the Woods

United States · GDP 2024
#2816 of 3,127 US counties by GDPtop-quartile growthmore diversified than 29% of counties
EA Place Score
——
methodology in progress
GDP 2024 (USD)
$242.0M
GDP growth
+7.6%
Jobs tracked
1,352
Employers
154
Avg. wage
$48.3k
Population
3,770
Labor & formation
Unemployment
5.7%
Median HH income
$77.5k±$12.5k
Business applications
36 · 2025

Public companies headquartered here

SEC EDGAR · FMP
CompanySectorRevenueEA
1ANI Pharmaceuticals, Inc.Healthcare$883.4M82B+

HQ-based placement with total (global) headcount — local employment attribution needs firmographic data; the industry mix at right is measured county data (CBP).

Industry mix · employment
Food & accommodation32%
Manufacturing28%
Retail trade15%
Health care12%
Other services6%
Transportation6%
share of top-6 sector employment · CBP 2023
Population & migration
Census PEP · 2020–2025
3,770
residents · 2025 · +0.0% since 2020
Income per capita $65.4k · BEA 2024
COMPONENTS OF CHANGE · 2021–2025
Domestic migration+43
International migration+1
Natural change−48

GDP trend

2019–2024 · nominal
$202.2M
2019
$204.5M
2020
$222.7M
2021
$231.6M
2022
$224.9M
2023
$242.0M
2024

Real estate & risk

FHFA · ACS · FEMA
Median home value
$216.1k±$23.8k
Median gross rent
$955/mo±$49/mo
Vacancy rate
48.0%±3.9%
Affordability
4.5× wages
Residential permits
25 (6.6/1k pop)
FEMA risk score
3.5
HUD Fair Market Rent (2BR):$1.0k/mo · 2026
TOP PERILS · FEMA NRI
Wildfire 55Drought 49Landslide 29
FHFA HOUSE PRICE INDEX · 2016–2025
156
2016
161
2017
169
2018
176
2019
181
2020
186
2021
236
2022
241
2023
263
2024
242
2025

Transport access

BTS · FAA · USACE
Nearest interstate
167.6 km
I-29
Nearest freight rail
1.5 km
CN
Nearest port
111.6 km
INTERNATIONAL FALLS
Nearest commercial airport
112.6 km
FALLS INTL/EINARSON FLD
Filing activity
SEC EDGAR

4 filings from 1 company here in the last 90 days.

8-KANI Pharmaceuticals, Inc.05-21
8-KANI Pharmaceuticals, Inc.05-13
10-QANI Pharmaceuticals, Inc.05-08
8-KANI Pharmaceuticals, Inc.05-08
DEF 14AANI Pharmaceuticals, Inc.04-09
8-KANI Pharmaceuticals, Inc.04-07
8-KANI Pharmaceuticals, Inc.03-03
8-KANI Pharmaceuticals, Inc.02-27
10-KANI Pharmaceuticals, Inc.02-27
8-KANI Pharmaceuticals, Inc.01-12
Wage trend
BLS QCEW · 2019–2023
$48.3k
avg. annual pay · +32% since 2019
Similar US counties
nearest by GDP
Sheridan$240.8MDundy$240.8MSutton$240.7MMaries$243.3MGates$240.0MLee$244.8M
The read

Lake of the Woods's economy produced $242.0M in 2024, growing 7.6% year over year — faster than most US counties. Its largest employment sector is food & accommodation.

GDP: BEA (2024), USD-normalized · Jobs/employers/wages & industry mix: Census CBP (2023) · Population & migration: Census PEP · Income: BEA CAINC1 · Companies: SEC EDGAR + FMP, by HQ.
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