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Cost & Benefits

Cost of living in Lake of the Woods, Illinois

Simple answer

Typical rent is $1,190 a month.

Lake of the Woods is a Census community, not a separate city government in Illinois. That rent number includes utilities. A typical household earns $61,625 a year.

Is Lake of the Woods affordable?See benefits in Lake of the Woods
People
2,091
Census average, 2020–2024
Typical rent
$1,190
Median gross rent, includes utilities
Typical pay
$61,625
Median household income, yearly
Typical home
$193,500
Median home value
2-bedroom fair rent
$1,173
Champaign-Urbana, IL HUD Metro FMR Area

Lake of the Woods, Illinois has about 2,091 people. That count is a 2020–2024 Census average, not a headcount from one day.

A typical home is worth about $193,500.

HUD's fair-market rent for a 2-bedroom in Champaign County is $1,173 a month. That is the county number, not an apartment listing in Lake of the Woods. It runs from October 2026 through September 2027.

In the Champaign-Urbana, IL metro area, prices sit at 92.7 when the U.S. average is 100. That is a 2024 BEA index.

Illinois taxes wages. A typical combined sales tax is 9.0% as of January 1, 2026. That mix is statewide, not Lake of the Woods's exact store tax.

In July 2026, a typical Illinois home paid 19.22¢ per kilowatt-hour. That is a state average from EIA, not Lake of the Woods's bill.

EIA did not publish a 2025 all-grades gas price for Illinois in the table we use.

Among 648 places we list in Illinois with a rent figure, 256 have higher typical rent than Lake of the Woods.

Nearby places

EBT nearby

USDA has a live map of stores that take SNAP. We did not copy that store list here. The downloadable file is a history file for 2005 through 2025, so the live map is the one to use.

Find SNAP stores near Lake of the WoodsWhat EBT can buy in Illinois

Locator page updated 2026-09-11. Last checked 2026-10-16.

Food stamps (SNAP) tools in Illinois

Bigger places in Illinois

Census 2020-2024. HUD rents for October 2026–September 2027. BEA prices for 2024. Taxes as of January 1, 2026. Checked 2026-10-16. 15,000 places are in this guide.