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=== 2020 census === As of the 2020 [[Census]],<ref>{{Cite web |title=Explore Census Data |url=https://data.census.gov/profile/Woolstock_city,_Iowa?g=1600000US1987015 |access-date=2022-12-06 |website=data.census.gov}}</ref> the total population was 144 people. The population density was 135.8 people per square mile, spread over 1.06 miles. Of those 144 people, the median age was 43.5 years, with 20.7% of the town's population under the age of 18, 59.5% between the ages of 18 and 64, and 19.8% of the population over the age of 65. There were a total of 110 households, with an average of 1.3 people per household. 57% of the town's population was male, with 43% of the population female. The racial makeup of the town was 95.1% White, less than 1% African American, 3.4% mixed race, and 2% Hispanic. The average income per capita of Woolstock was $52,517, which is higher than the state average, and the median household income was $68,750, 10% higher than the rest of the state. Only 3.7% of the town's population lives under the poverty line, which is far lower than the rest of the state.<ref>{{Cite web |title=Census profile: Woolstock, IA |url=http://censusreporter.org/profiles/16000US1987015-woolstock-ia/ |access-date=2022-12-06 |website=Census Reporter |language=en}}</ref> 53.9% of the population of the town is identified as currently married, but only 1.8% of women between the ages of 15 and 50 gave birth during that year, lower than the average in Iowa. 95.3% of the Woolstock population has received a high school degree, which is 2.8 percentage points higher than the rest of the state. Although Woolstock has a lower-than-average percentage of the population having received college degrees, with only 13.3% of the town's population have received college degrees compared to the state average of 30.5%. 7% of the town's population were veterans.
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