Personal loans in Wood Lake, MN

In Wood Lake, one of 853 Census places in Minnesota, the figure to compare across lenders is the APR, not the advertised rate. Work out your debt-to-income ratio first; lenders weigh it heavily, and Wood Lake's 375 residents are no exception. A lender that serves Wood Lake operates under Minnesota lending statutes and a Minnesota supervisor. A larger market lies at Cottonwood, MN about 7 miles away.

Wood Lake: population, trend and location

Set out below is Wood Lake's local context next to the state-level rules that reach every lender here.

• Population: a Census-estimated 375, 551st among Minnesota's 853 places (Vintage 2023).
• Population trend: Down about 1.1% from the 2020 Census base to the 2023 estimate.
• Net change: roughly 4 fewer people than the 2020 Census counted.
• Size percentile: with 375 residents, Wood Lake is larger than about 35% of Minnesota's Census places.
• Population density: 497 people per square mile on 0.8 square miles of land.
• Land area: Wood Lake covers 0.8 square miles, the 607th-largest area among Minnesota's 853 places.
• State share: roughly 0.0% of Minnesota's residents live in Wood Lake (375 people).
• National rank: Wood Lake is 14,359th of 19,457 places nationwide.
• Growth rank: Wood Lake's 2020-to-2023 change ranks 479th of 853 places in Minnesota.
• State comparison: Minnesota's places average +0.1% for 2020-to-2023, against Wood Lake's 1.1%.
• Density rank: Wood Lake places 478th among Minnesota's places by people per square mile.
• Density in context: Wood Lake's 497 people per square mile sit against a Minnesota median of 607.
• Location: coordinates 44.6513, -95.5358 (US Census Bureau Gazetteer).
• Nearest larger cities: Cottonwood (7 mi); Granite Falls (11 mi); Sacred Heart (13 mi); Clarkfield (16 mi); Marshall (19 mi). For most borrowers the comparison happens online, not at a branch.
• Nearest smaller towns: Hanley Falls (5 mi); Echo (6 mi); Belview (11 mi).
• Smaller places within 50 miles: 43 of them.
• At 100 miles: 247 larger Census places fall inside that radius.

How Wood Lake compares across Minnesota

Wood Lake is the 551st-largest of 853 Census places in Minnesota and contains about 0.0% of the state's people. For population change between 2020 and 2023, Wood Lake ranks 479th of 853 in Minnesota (about the 44th percentile). Its roughly 497 residents per square mile place it 478th among Minnesota's places. Between 2020 and 2023 the count changed by roughly 4 residents.

Land, water and location for Wood Lake

Inside Wood Lake's boundaries lie about 0.8 square miles of land, with no significant water area recorded. The resulting density is about 497 people per square mile. Minneapolis, the largest place in Minnesota, is about 113 miles from Wood Lake. Wood Lake has 49 larger places within a 50-mile radius. By land area it ranks 607th of 853 Minnesota places.

How Minnesota law applies in Wood Lake

These are Minnesota's sourced lending facts as they reach Wood Lake's 375 residents; the state has no city-level rate rule.

Inside a Wood Lake personal loan

In Wood Lake, a small community of about 375, the amount is advanced up front and repaid in fixed installments; the city's size does not change the pricing. Because pricing is borrower-level, two people in Wood Lake can be quoted different APRs on the same amount and term. Because the payment is fixed, the total cost of a Wood Lake loan is knowable in advance — unlike a revolving card balance.

Getting a loan in Wood Lake

Wood Lake is a lightly settled community of about 375 people, with 49 larger places inside a 50-mile radius. Lenders licensed in Minnesota reach Wood Lake's 375 residents online, so the nearest branch is not what sets your APR. The nearest larger city, Cottonwood, MN about 7 miles away.