Living in Three Way, Tennessee
Cost of living, income, home prices, rent and demographics of Three Way · Census data 2020–2024
Three Way has 2,008 residents with a median age of 54.9. The median household income is $88,125 (27% higher than the Tennessee median), the median home value is $250,700, the median rent is $1,646/month.
Three Way at a glance
- Population
- 2,008
- Median age
- 54.9State: 38.9
- Median household income
- $88,125State: $69,595
- Median home value
- $250,700State: $286,700
- Median rent
- $1,646/moState: $1,189
- Homeowners
- 93.4%
- Bachelor's degree or higher
- 38.6%
- Average commute
- 26 min
Is Three Way a good place to live?
Pros: Median household income 27% higher than the Tennessee median; home values 13% lower than the state median; a poverty rate of 6.4%.
Cons: An average commute of 26 minutes; unemployment of 7%.
The weather is best in April–May and September–October.
Cost of living in Three Way
Housing is the biggest part of the cost of living. In Three Way the median home value is $250,700, 25% lower than the U.S. median. Renters pay a median of $1,646 per month, which is 38.3% of household income. Homeowners with a mortgage pay $1,409 a month in housing costs.
Three Way median household income
The median household income in Three Way is $88,125 and the income per person is $44,312. 6.4% of residents live below the poverty line (Tennessee: 13.8%).
Housing in Three Way: homes for sale and rent
- Housing units
- 917
- Owner-occupied
- 93.4%
- Renter-occupied
- 6.6%
- Vacant
- 2.4%Includes seasonal homes
- Median year built
- 1997
- Average household size
- 2.24
Three Way demographics
- Population
- 2,008
- Median age
- 54.9
- Under 18
- 14.7%
- 65 and older
- 30.2%
- Households
- 895
- Foreign-born
- 2%
- Veterans
- 11.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Three Way ›
Education in Three Way
38.6% of adults 25 and older in Three Way have a bachelor's degree or higher (Tennessee: 31.1%), and 15.1% have a graduate or professional degree.
Jobs and commute in Three Way
- Unemployment rate
- 7%State: 4.7%
- Average commute
- 26 minState: 26 min
- Work from home
- 8.1%
- Drive alone
- 85.9%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 96.5%
Three Way vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Three Way | 2,008 | $88,125 | $250,700 | $1,646 |
| Humboldt | 7,787 | $52,917 | $102,300 | $742 |
| Medina | 5,407 | $107,807 | $287,200 | $1,206 |
| Gibson | 479 | $53,750 | $154,200 | $871 |
| Gadsden | 459 | $60,139 | $153,700 | $775 |
| Jackson | 68,435 | $53,032 | $217,800 | $1,145 |
| Milan | 8,244 | $43,886 | $144,100 | $805 |
| Bells | 2,373 | $56,027 | $169,000 | $1,001 |
| Alamo | 2,311 | $54,063 | $141,500 | $889 |
More for people moving to Three Way
Three Way ZIP code ›Weather and climate ›Living in Three Way: FAQ
What is the median household income in Three Way, TN?
The median household income in Three Way is $88,125, 27% higher than the Tennessee median of $69,595 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Three Way?
The median home value in Three Way is $250,700, compared with $286,700 in Tennessee.
How much is rent in Three Way?
The median gross rent in Three Way is $1,646 per month, about 38.3% of household income.
Is Three Way, TN a good place to live?
Pluses: median household income 27% higher than the Tennessee median; home values 13% lower than the state median; a poverty rate of 6.4%. Minuses: an average commute of 26 minutes; unemployment of 7%.
What is the median age in Three Way?
The median age in Three Way is 54.9 years (Tennessee: 38.9).
How long is the commute in Three Way?
The average commute to work in Three Way is 26 minutes; 8.1% of workers work from home.
What is the unemployment rate in Three Way?
The unemployment rate in Three Way is 7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Three Way?
38.6% of adults in Three Way have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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