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EconPulse

Local economy signal dashboard

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PLACEStable

Lake Of The Woods, IL

Stable overall. Federal Funds is the clearest support signal, while population needs the most attention. Housing reads as affordable for a median-income household.

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Overall score50out of 100
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69
29
0
68
100

Population

2,091

Data freshness

Unknown

GDP / Output

+4.3% YoY

69

$15.4B

Output changed +4.3% in 2024.

Vintage date unknown

State growth4.3%
U.S. growth5.3%

Jobs

Unemployment rate

29

6.2%

Unemployment is 6.2% for Latest available.

Vintage date unknown

State avg5.1%
U.S. avg4.3%

Population

-16.9% 5-year

0

2,091

Population moved -16.9% over the latest ACS window.

Vintage date unknown

State population12,694,798
U.S. population334,922,499

Housing

Rent share of income

68

23.2%

Median rent consumes 23.2% of median household income: Affordable.

Vintage date unknown

State rent$1.3K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$8.6K per resident

100

$1.8B

$1.8B in federal obligations flowed here in FY2025.

Vintage date unknown

State total$134.6B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$1.8B

$8.6K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$686.8M
2. Department of Health and Human Services$482.6M
3. Department of Agriculture$114.9M

Top recipients

Dollars
1. UNIVERSITY OF ILLINOIS$307.9M
2. UNIVERSITY OF ILLINOIS$66.3M
3. JANCORP, LLC$40.7M

Affordable

Housing Affordability

23.2%

of median income

1BR estimate$976
2BR estimate$1,285
Median income$61,625
Median home value$193,500

ACS context

Quick Facts

Population

2,091

Median age

37.9

Bachelor's degree+

38.3%

Poverty rate

4.7%

Labor force participation

55.8%

Prime rate

6.8%

CPI YoY

+3.9%

U.S. GDP YoY

+5.9%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

Latest available

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-06-10

HUD Fair Market Rent

Latest available

Data notes
  • HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

5-year compound growth

Historical Trends

Population CAGR

-3.6%

GDP CAGR

+5.6%

Federal flow

5 years

Population (5 years)
20202,515
20212,297
20222,350
20231,976
20242,091
GDP (5 years)
2020$11.7B
2021$12.7B
2022$13.7B
2023$14.8B
2024$15.4B

2-year linear forecast

Predictive Outlook

Population forecast

20242,091
20251,895 *
20261,778 *

R² = 74.8% · * projected

GDP forecast

2024$15.4B
2025$16.6B *
2026$17.5B *

R² = 99.4% · * projected

Linear regression over available historical data. Projections are estimates based on past trends and do not account for policy changes, economic shocks, or other external factors.

housing affordability breakdown

Cost of Living

Median household income$61,625/yr
Median rent$1,190/mo
Rent share of income23.2%
Est. mortgage (30yr, 6.5%)$11,741/yr
Mortgage share of income19.1%

Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.

employment snapshot

Job Market

Unemployment rate6.2%
State avg5.1%
U.S. avg4.3%
Labor force participation55.8%
Poverty rate4.7%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$193,500
Median monthly rent$1,190
Price-to-rent ratio13.6x

Low price-to-rent ratio — buying may be more favorable than renting in this market.

composite score

Investment Climate

Investment climateModerate
Composite score40/100
Economic growth69/100
Labor market29/100
Population momentum0/100
Overall stability50/100

Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.

Location Context

Lake of the Woods CDP, Illinois

City/Town

Part of

Champaign-Urbana, IL

Nearby locations

Mahomet, ILBondville, ILMansfield, ILSeymour, ILFisher, IL