Living in Wood Lake, Nebraska
Cost of living, income, home prices, rent and demographics of Wood Lake · Census data 2020–2024
Wood Lake has 16 residents with a median age of 74.2. The median household income is $30,417 (60% lower than the Nebraska median), the median home value is $55,000.
Wood Lake is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Wood Lake at a glance
- Population
- 16
- Median age
- 74.2State: 37.2
- Median household income
- $30,417State: $76,475
- Median home value
- $55,000State: $238,600
- Homeowners
- 54.5%
- Bachelor's degree or higher
- 25%
Is Wood Lake a good place to live?
Pros: Home values 77% lower than the state median.
Cons: Median household income 60% lower than the Nebraska median; a poverty rate of 18.8%.
The weather is best in May–June and August–September.
Cost of living in Wood Lake
Housing is the biggest part of the cost of living. In Wood Lake the median home value is $55,000, 83% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay — a month in housing costs.
Wood Lake median household income
The median household income in Wood Lake is $30,417 and the income per person is $22,394. 18.8% of residents live below the poverty line (Nebraska: 10.6%).
Housing in Wood Lake: homes for sale and rent
- Housing units
- 21
- Owner-occupied
- 54.5%
- Renter-occupied
- 45.5%
- Vacant
- 47.6%Includes seasonal homes
- Median year built
- 1948
- Average household size
- 1.45
47.6% of homes are vacant most of the year, a sign that Wood Lake has many vacation and second homes.
Wood Lake demographics
- Population
- 16
- Median age
- 74.2
- Under 18
- 0%
- 65 and older
- 62.5%
- Households
- 11
- Foreign-born
- 0%
- Veterans
- 6.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Wood Lake ›
Education in Wood Lake
25% of adults 25 and older in Wood Lake have a bachelor's degree or higher (Nebraska: 34.6%), and 6.3% have a graduate or professional degree.
Jobs and commute in Wood Lake
- Unemployment rate
- 0%State: 3%
- Average commute
- —State: 19 min
- Work from home
- 0%
- Drive alone
- 80%
- Public transit
- 0%
- Walk to work
- 20%
- Homes with broadband
- 45.5%
Wood Lake vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Wood Lake | 16 | $30,417 | $55,000 | — |
| Ainsworth | 1,697 | $53,490 | $107,400 | $807 |
| Valentine | 2,633 | $56,898 | $148,600 | $892 |
| Springview | 217 | $42,188 | $83,600 | $850 |
| Long Pine | 363 | $45,625 | $59,500 | $931 |
| Bassett | 580 | $42,697 | $86,800 | $651 |
| St. Francis | 593 | $42,083 | — | $567 |
More for people moving to Wood Lake
Wood Lake ZIP code ›Weather and climate ›Living in Wood Lake: FAQ
What is the median household income in Wood Lake, NE?
The median household income in Wood Lake is $30,417, 60% lower than the Nebraska median of $76,475 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Wood Lake?
The median home value in Wood Lake is $55,000, compared with $238,600 in Nebraska.
Is Wood Lake, NE a good place to live?
Pluses: home values 77% lower than the state median. Minuses: median household income 60% lower than the Nebraska median; a poverty rate of 18.8%.
What is the median age in Wood Lake?
The median age in Wood Lake is 74.2 years (Nebraska: 37.2).
What is the unemployment rate in Wood Lake?
The unemployment rate in Wood Lake is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Wood Lake?
25% of adults in Wood Lake 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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