Wood Lake, MN Employment - Median Household Income, Unemployment Rate

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B

2%

Income/capita NAT. AVG.

8%

Household income NAT. AVG.

79%

Unemployment NAT. AVG.

Index	Wood Lake	Minnesota	National
Income per capita	$30,564	$33,225	$29,829
Median household income	$60,000	$63,217	$55,322
Median income owner occupied	$62,000	$77,618	$70,586
Median income renter occupied	$39,167	$34,348	$35,192
Median earnings male	$39,750	$40,933	$36,919
Median earnings female	$31,042	$29,114	$26,250
Unemployment rate	1.0%	3.4%	4.7%
Poverty level	4.5%	10.8%	15.1%

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Key findings

The income per capita in Wood Lake is 2% higher than the national average
The median household income in Wood Lake is 8% higher than the national average
Male median earnings are 41% higher than female median earnings
The unemployment rate in Wood Lake is 79% lower than the national average
The poverty level in Wood Lake is 70% lower than the national average

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am i middle class

$39,996 $60,000 $120,000

City

$42,140 $63,217 $126,434

State

$36,877 $55,322 $110,644

Nation

According to the PEW research center, the middle class is defined as a range from two thirds (2/3) of the median household income to a multiple of two (2) times the median household income. Displayed above are the city, state and national median household income averages. Simply enter your median household income to determine if your income falls into the middle class or if your household income is considered upper or lower class.

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Wood Lake median earnings by income bracket

Wood Lake employment by industry

Labour Type	Male	Female
Construction industry	6.4%	6.4%
Manufacturing sector	24.0%	24.0%
Financial & insurance services	4.8%	4.8%
Wholesale & retail services	19.2%	19.2%
Public administration	4.0%	4.0%
Transportation, warehousing & utilities	12.8%	12.8%
Education, health & social services	5.6%	5.6%
Other	23.2%	23.2%

Nearby cities with high median household income

City	Population	Household Income	National Avg.
Cottonwood, MN	1,180	$61,625	11.4%
Vesta, MN	293	$55,833	0.9%
Hazel Run, MN	92	$53,542	3.2%
Clarkfield, MN	962	$52,235	5.6%
Granite Falls, MN	2,636	$51,006	7.8%
Wood Lake, MN	381	$60,000	8.5%

Cities with similar population

City	Population	Household Income	National Avg.
Louviers, CO	381	$63,571	14.9%
Donahue, IA	381	$93,500	69.0%
Liscomb, IA	381	$68,597	24.0%
Mesick, MI	381	$28,750	48.0%
Cloud Creek, OK	381	$85,694	54.9%
Wood Lake, MN	381	$60,000	8.5%

Source: The Wood Lake, MN employment data displayed above is derived from the United States Census Bureau American Community Survey (ACS).