County profile
Lake of the Woods County, MN
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
BEA · 2024
GDP growth (YoY)
+7.6%
BEA · 2024
Jobs tracked
1,352
Census CBP · 2023
Employers
154
Census CBP · 2023
Avg. wage
$48.3k
BLS QCEW · 2023
Population
3,770
Census PEP · 2025
Labor, income & education
Unemployment
5.2%
Median HH income
$77.5k±$12.5k
Bachelor's degree+
25.4%±4.6%
Poverty rate
6.4%±2.7%
Business applications
36 · 2025
Retail establishments
18
47.6/10k pop
Public companies headquartered here
SEC EDGAR · FMPCompanySectorRevenueEA
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
$202.2M2019
$204.5M2020
$222.7M2021
$231.6M2022
$224.9M2023
$242.0M2024
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
$8.2M
25 units · 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
1562016
1612017
1692018
1762019
1812020
1862021
2362022
2412023
2632024
2422025
RESIDENTIAL PERMITS · 2021–2025
↓ -69% since 2021802021
272022
192023
132024
252025
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 EDGARWage trend
BLS QCEW · 2019–2023$48.3k
avg. annual pay · +32% since 2019
Similar US counties
nearest by GDPThe read
What is the GDP of Lake of the Woods?
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.