Couderay is home to Al Capone's northwoods hideaway, a tourist site called "The Hideout."

The Hideout was purchased in the spring of 2010 by the Lac Courte Oreilles Indian Tribe after bankruptcy hearings for the previous owners.

[6] Couderay is a truncated name of French origin denoting the term "short ears" (courtes oreilles) in connection with those of the Ojibwa people.

28.6% of all households were made up of individuals, and 14.3% had someone living alone who was 65 years of age or older.

The racial makeup of the village was 79.17% White, 19.79% Native American, 1.04% from other races.

27.5% of all households were made up of individuals, and 15.0% had someone living alone who was 65 years of age or older.

There were 6.1% of families and 11.4% of the population living below the poverty line, including no under eighteens and 41.2% of those over 64.