Cost of living in Lake of the Woods, IL

Lake of the Woods is a census-designated place in Champaign County, IL. ACS 2024 5-year population is 2,091. Median gross rent is $1,190 (ACS 2024 5-year, this place). Median home value is $193,500. Median household income is $61,625. Insurance is the NAIC state average; food is a USDA plan — no town indexes.