Living in Lake Tomahawk, Wisconsin
Cost of living, income, home prices, rent and demographics of Lake Tomahawk · Census data 2020–2024
Lake Tomahawk has 190 residents with a median age of 56.5. The median household income is $62,981 (19% lower than the Wisconsin median), the median home value is $195,600, the median rent is $855/month.
Lake Tomahawk is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Lake Tomahawk at a glance
- Population
- 190
- Median age
- 56.5State: 40.2
- Median household income
- $62,981State: $77,485
- Median home value
- $195,600State: $266,500
- Median rent
- $855/moState: $1,087
- Homeowners
- 66.7%
- Bachelor's degree or higher
- 11.2%
- Average commute
- 17 min
Is Lake Tomahawk a good place to live?
Pros: Home values 27% lower than the state median; an average commute of 17 minutes.
Cons: Median household income 19% lower than the Wisconsin median; unemployment of 6.7%; a poverty rate of 21.6%.
The weather is best in June to September.
Cost of living in Lake Tomahawk
Housing is the biggest part of the cost of living. In Lake Tomahawk the median home value is $195,600, 41% lower than the U.S. median. Renters pay a median of $855 per month, which is 51% of household income. Homeowners with a mortgage pay $956 a month in housing costs.
Lake Tomahawk median household income
The median household income in Lake Tomahawk is $62,981 and the income per person is $32,954. 21.6% of residents live below the poverty line (Wisconsin: 10.6%).
Housing in Lake Tomahawk: homes for sale and rent
- Housing units
- 174
- Owner-occupied
- 66.7%
- Renter-occupied
- 33.3%
- Vacant
- 39.7%Includes seasonal homes
- Median year built
- 1978
- Average household size
- 1.81
39.7% of homes are vacant most of the year, a sign that Lake Tomahawk has many vacation and second homes.
Lake Tomahawk demographics
- Population
- 190
- Median age
- 56.5
- Under 18
- 15.3%
- 65 and older
- 28.9%
- Households
- 105
- Foreign-born
- 12.1%
- Veterans
- 18.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Lake Tomahawk ›
Education in Lake Tomahawk
11.2% of adults 25 and older in Lake Tomahawk have a bachelor's degree or higher (Wisconsin: 33.4%), and 11.2% have a graduate or professional degree.
Jobs and commute in Lake Tomahawk
- Unemployment rate
- 6.7%State: 3.2%
- Average commute
- 17 minState: 22 min
- Work from home
- 4.8%
- Drive alone
- 50%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 93.3%
Lake Tomahawk vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lake Tomahawk | 190 | $62,981 | $195,600 | $855 |
| Minocqua | 497 | $41,436 | $475,900 | $741 |
| Woodruff | 580 | $70,625 | $278,400 | $778 |
| Sayner | 213 | $33,750 | $244,600 | — |
| Rhinelander | 8,316 | $51,421 | $125,700 | $804 |
| Eagle River | 1,528 | $55,179 | $213,900 | $928 |
| Lac du Flambeau | 1,503 | $35,208 | $134,800 | $541 |
| Three Lakes | 410 | $44,844 | $170,000 | $770 |
| Boulder Junction | 193 | $43,063 | $275,000 | $805 |
More for people moving to Lake Tomahawk
Lake Tomahawk ZIP code ›Weather and climate ›Living in Lake Tomahawk: FAQ
What is the median household income in Lake Tomahawk, WI?
The median household income in Lake Tomahawk is $62,981, 19% lower than the Wisconsin median of $77,485 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Lake Tomahawk?
The median home value in Lake Tomahawk is $195,600, compared with $266,500 in Wisconsin.
How much is rent in Lake Tomahawk?
The median gross rent in Lake Tomahawk is $855 per month, about 51% of household income.
Is Lake Tomahawk, WI a good place to live?
Pluses: home values 27% lower than the state median; an average commute of 17 minutes. Minuses: median household income 19% lower than the Wisconsin median; unemployment of 6.7%; a poverty rate of 21.6%.
What is the median age in Lake Tomahawk?
The median age in Lake Tomahawk is 56.5 years (Wisconsin: 40.2).
How long is the commute in Lake Tomahawk?
The average commute to work in Lake Tomahawk is 17 minutes; 4.8% of workers work from home.
What is the unemployment rate in Lake Tomahawk?
The unemployment rate in Lake Tomahawk is 6.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lake Tomahawk?
11.2% of adults in Lake Tomahawk 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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