Woods Bay, MT Profile: Facts & Data

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Woods Bay, Montana - Basic Facts

The Woods Bay CDP(1) had a population of 748 as of July 1, 2023. Woods Bay ranks in the upper quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Montana. See peer rankings below.

The primary coordinate point for Woods Bay is located at latitude 48.0016 and longitude -114.0504 in Lake County. The formal boundaries for the Woods Bay Census Designated Place encompass a land area of 1.37 sq. miles and a water area of 0.02 sq. miles. Lake County is in the Mountain time zone (GMT -7).

The Woods Bay Census Designated Place has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

Montana is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The Woods Bay Census Designated Place is located within Woods Bay-Rollins Division of Lake County.


  1. A Census Designated Place (CDP) is a statistical counterpart to a self-governing (incorporated) place such as a city, town, or village. A CDP is not a legal entity and has no governmental functions.

Jump to... (On This Page!)
  1. Woods Bay 2023 Demographic Data
  2. Growth Rates for Woods Bay (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Montana Research Tools (Easy Tools & Current Data)
  3. Montana Data Comparison Tool - 2023 Demographics
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Woods Bay, MT Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 748 (100%)
Population in Households 748 (100.0%)
Population in Families 639 (85.4%)
Population in Group Quarters1 0
Population Density 550
Diversity Index2 25
 
 

INCOME

Median Household Income $85,229
Average Household Income $109,323
% of Income for Mortgage4 31%
Per Capita Income $47,354
Wealth Index5 127
Socioeconomic Status Index6 High (75.3)
 

HOUSING

Total HU (Housing Units) 470 (100%)
Owner Occupied HU 295 (62.8%)
Renter Occupied HU 29 ( 6.2%)
Vacant Housing Units 146 (31.1%)
Median Home Value $440,625
Average Home Value $675,000
Housing Affordability Index3 82
 

HOUSEHOLDS

Total Households 324
Average Household Size 2.31
Family Households 234
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

2020-2023 2023-2028
Population 3.16% 1.93%
Households 2.29% 1.73%
Families   1.73%
Median Household Income   3.64%
Per Capita Income   2.23%
Owner Occupied HU   1.45%

Woods Bay, MT - Peer Comparisons by Rank and Percentile

The table below compares Woods Bay to the other 497 incorporated cities, towns and CDPs in Montana by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 120 76th
Population Density # 122 76th
Median Household Income # 59 88th
Housing Affordability Index # 343 69th
Per Capita Income # 68 87th
Diversity Index # 190 62nd

Additional comparisons and rankings can be made with a VERY EASY TO USE Montana Census Data Comparison Tool.

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