Living in Three Lakes, Wisconsin
Cost of living, income, home prices, rent and demographics of Three Lakes · Census data 2020–2024
Three Lakes has 410 residents with a median age of 51.7. The median household income is $44,844 (42% lower than the Wisconsin median), the median home value is $170,000, the median rent is $770/month.
Three Lakes is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Three Lakes at a glance
- Population
- 410
- Median age
- 51.7State: 40.2
- Median household income
- $44,844State: $77,485
- Median home value
- $170,000State: $266,500
- Median rent
- $770/moState: $1,087
- Homeowners
- 82.9%
- Bachelor's degree or higher
- 35.3%
- Average commute
- 21 min
Is Three Lakes a good place to live?
Pros: Home values 36% lower than the state median; an average commute of 21 minutes; a poverty rate of 9.8%.
Cons: Median household income 42% lower than the Wisconsin median.
The weather is best in June to September.
Cost of living in Three Lakes
Housing is the biggest part of the cost of living. In Three Lakes the median home value is $170,000, 49% lower than the U.S. median. Renters pay a median of $770 per month, which is 48% of household income. Homeowners with a mortgage pay $1,363 a month in housing costs.
Three Lakes median household income
The median household income in Three Lakes is $44,844 and the income per person is $31,051. 9.8% of residents live below the poverty line (Wisconsin: 10.6%).
Housing in Three Lakes: homes for sale and rent
- Housing units
- 389
- Owner-occupied
- 82.9%
- Renter-occupied
- 17.1%
- Vacant
- 46%Includes seasonal homes
- Median year built
- 1983
- Average household size
- 1.95
46% of homes are vacant most of the year, a sign that Three Lakes has many vacation and second homes.
Three Lakes demographics
- Population
- 410
- Median age
- 51.7
- Under 18
- 26.6%
- 65 and older
- 21%
- Households
- 210
- Foreign-born
- 0%
- Veterans
- 6.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Three Lakes ›
Education in Three Lakes
35.3% of adults 25 and older in Three Lakes have a bachelor's degree or higher (Wisconsin: 33.4%), and 4.8% have a graduate or professional degree.
Jobs and commute in Three Lakes
- Unemployment rate
- 0%State: 3.2%
- Average commute
- 21 minState: 22 min
- Work from home
- 5%
- Drive alone
- 95%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 88.1%
Three Lakes vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Three Lakes | 410 | $44,844 | $170,000 | $770 |
| Eagle River | 1,528 | $55,179 | $213,900 | $928 |
| Rhinelander | 8,316 | $51,421 | $125,700 | $804 |
| Lake Tomahawk | 190 | $62,981 | $195,600 | $855 |
| Crandon | 1,365 | $42,784 | $136,500 | $654 |
| Sayner | 213 | $33,750 | $244,600 | — |
| Mole Lake | 533 | $38,889 | $128,100 | $400 |
| Woodruff | 580 | $70,625 | $278,400 | $778 |
| Post Lake | 331 | $65,438 | $310,900 | — |
More for people moving to Three Lakes
Three Lakes ZIP code ›Weather and climate ›Living in Three Lakes: FAQ
What is the median household income in Three Lakes, WI?
The median household income in Three Lakes is $44,844, 42% 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 Three Lakes?
The median home value in Three Lakes is $170,000, compared with $266,500 in Wisconsin.
How much is rent in Three Lakes?
The median gross rent in Three Lakes is $770 per month, about 48% of household income.
Is Three Lakes, WI a good place to live?
Pluses: home values 36% lower than the state median; an average commute of 21 minutes; a poverty rate of 9.8%. Minuses: median household income 42% lower than the Wisconsin median.
What is the median age in Three Lakes?
The median age in Three Lakes is 51.7 years (Wisconsin: 40.2).
How long is the commute in Three Lakes?
The average commute to work in Three Lakes is 21 minutes; 5% of workers work from home.
What is the unemployment rate in Three Lakes?
The unemployment rate in Three Lakes is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Three Lakes?
35.3% of adults in Three Lakes 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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