Lake of the Woods vs Talma

A side-by-side comparison of Lake of the Woods and Talma: population, income, housing, and more.

Lake of the Woods and Talma are places in Indiana. This page compares them across population, income, housing, education, commuting, and how each has changed since 2019.

Lake of the Woods has the higher population (658 vs 154 in Talma). Talma has the higher median household income ($95,893 vs $64,375 in Lake of the Woods). Lake of the Woods has the higher median home value ($189,600 vs $72,100 in Talma).

Population, income & housing

	Lake of the Woods	Talma
Population	658	154
Median age	54.4 yrs	43.1 yrs
Median household income	$64,375	$95,893
Median home value	$189,600	$72,100
Median gross rent	$1,020	—
Housing units	432	37
Homeownership rate	63.6%	79.3%
Bachelor's degree or higher	14.8%	0.0%
Unemployment rate	11.2%	0.0%

Trends (ACS 5-year, 2019–2023)

	Lake of the Woods	Talma
Population	590 → 658 (+11.5%)	163 → 154 (-5.5%)
Median household income	$63,472 → $64,375 (+1.4%)	$92,857 → $95,893 (+3.3%)
Median home value	$211,500 → $189,600 (-10.4%)	$72,900 → $72,100 (-1.1%)
Median gross rent	$1,040 → $1,020 (-1.9%)	—

Lake of the Woods

Population

590658

Median household income

$63,472$64,375

Median home value

$211,500$189,600

Median gross rent

$1,040$1,020

Talma

Population

163154

Median household income

$92,857$95,893

Median home value

$72,900$72,100

Age & race/ethnicity

Age distribution (share)

	Lake of the Woods	Talma
Under 5	0.9%	0.0%
5 to 17	13.5%	34.4%
18 to 24	1.2%	0.0%
25 to 34	5.3%	0.0%
35 to 44	11.2%	28.6%
45 to 54	21.1%	13.0%
55 to 64	13.2%	9.1%
65 to 74	30.4%	14.9%
75 and over	3.0%	0.0%

Race & ethnicity (share)

	Lake of the Woods	Talma
White (non-Hispanic)	97.9%	100.0%
Black or African American	0.0%	0.0%
American Indian & Alaska Native	0.0%	0.0%
Asian	0.0%	0.0%
Native Hawaiian & Pacific Islander	0.0%	0.0%
Some other race	0.0%	0.0%
Two or more races	0.0%	0.0%
Hispanic or Latino	2.1%	0.0%

Educational attainment (age 25+)

Share of adults 25+

	Lake of the Woods	Talma
No high school diploma	6.8%	45.5%
High school graduate	48.1%	12.9%
Some college or associate's	30.3%	41.6%
Bachelor's degree	13.3%	0.0%
Graduate or professional degree	1.4%	0.0%

Commute to work

How workers get to work (share)

	Lake of the Woods	Talma
Drove alone	93.3%	100.0%
Carpooled	0.0%	0.0%
Public transit	0.0%	0.0%
Walked	0.0%	0.0%
Bicycle	0.0%	0.0%
Worked from home	6.7%	0.0%
Other means	0.0%	0.0%

Housing

Units in structure (share)

	Lake of the Woods	Talma
1-unit, detached	75.7%	78.4%
1-unit, attached	5.3%	0.0%
2 to 4 units	11.3%	0.0%
5 to 19 units	1.9%	0.0%
20 or more units	0.0%	0.0%
Mobile home & other	5.8%	21.6%

Poverty & households

	Lake of the Woods	Talma
Poverty rate	6.4%	0.0%
Average household size	2.06	5.31
Mean commute (minutes)	26	—
Median year structure built	1967	1972