Living in Lost Lake Woods, Michigan
Cost of living, income, home prices, rent and demographics of Lost Lake Woods · Census data 2020–2024
Lost Lake Woods has 458 residents with a median age of 67.7. The median household income is $71,806 (about the same as the Michigan median), the median home value is $173,300.
Lost Lake Woods is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Lost Lake Woods at a glance
- Population
- 458
- Median age
- 67.7State: 40.2
- Median household income
- $71,806State: $72,875
- Median home value
- $173,300State: $231,600
- Homeowners
- 100%
- Bachelor's degree or higher
- 45.7%
- Average commute
- 34 min
Is Lost Lake Woods a good place to live?
Pros: Home values 25% lower than the state median; unemployment of 3.1%; a poverty rate of 5.7%.
Cons: Median household income about the same as the Michigan median; an average commute of 34 minutes.
The weather is best in June to September.
Cost of living in Lost Lake Woods
Housing is the biggest part of the cost of living. In Lost Lake Woods the median home value is $173,300, 48% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $997 a month in housing costs.
Lost Lake Woods median household income
The median household income in Lost Lake Woods is $71,806 and the income per person is $48,102. 5.7% of residents live below the poverty line (Michigan: 13.2%).
Housing in Lost Lake Woods: homes for sale and rent
- Housing units
- 569
- Owner-occupied
- 100%
- Renter-occupied
- 0%
- Vacant
- 56.9%Includes seasonal homes
- Median year built
- 1976
- Average household size
- 1.87
56.9% of homes are vacant most of the year, a sign that Lost Lake Woods has many vacation and second homes.
Lost Lake Woods demographics
- Population
- 458
- Median age
- 67.7
- Under 18
- 4.1%
- 65 and older
- 56.3%
- Households
- 245
- Foreign-born
- 3.3%
- Veterans
- 18.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Lost Lake Woods ›
Education in Lost Lake Woods
45.7% of adults 25 and older in Lost Lake Woods have a bachelor's degree or higher (Michigan: 32.4%), and 16.6% have a graduate or professional degree.
Jobs and commute in Lost Lake Woods
- Unemployment rate
- 3.1%State: 5.7%
- Average commute
- 34 minState: 24 min
- Work from home
- 42.9%
- Drive alone
- 57.1%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 96.7%
Lost Lake Woods vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lost Lake Woods | 458 | $71,806 | $173,300 | — |
| Hubbard Lake | 944 | $70,568 | $304,800 | — |
| Ossineke | 1,019 | $59,583 | $159,200 | $718 |
| Lincoln | 225 | $37,679 | $125,000 | $732 |
| Harrisville | 489 | $36,050 | $118,800 | $698 |
| Alpena | 10,154 | $47,545 | $118,700 | $625 |
| Oscoda | 654 | $46,801 | $86,500 | $522 |
| Au Sable | 1,643 | $42,431 | $113,600 | $915 |
| Hillman | 812 | $36,823 | $87,000 | $434 |
More for people moving to Lost Lake Woods
Lost Lake Woods ZIP code ›Weather and climate ›Living in Lost Lake Woods: FAQ
What is the median household income in Lost Lake Woods, MI?
The median household income in Lost Lake Woods is $71,806, about the same as the Michigan median of $72,875 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Lost Lake Woods?
The median home value in Lost Lake Woods is $173,300, compared with $231,600 in Michigan.
Is Lost Lake Woods, MI a good place to live?
Pluses: home values 25% lower than the state median; unemployment of 3.1%; a poverty rate of 5.7%. Minuses: median household income about the same as the Michigan median; an average commute of 34 minutes.
What is the median age in Lost Lake Woods?
The median age in Lost Lake Woods is 67.7 years (Michigan: 40.2).
How long is the commute in Lost Lake Woods?
The average commute to work in Lost Lake Woods is 34 minutes; 42.9% of workers work from home.
What is the unemployment rate in Lost Lake Woods?
The unemployment rate in Lost Lake Woods is 3.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lost Lake Woods?
45.7% of adults in Lost Lake Woods have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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