Three Way, TN
Population 1,965 · Tennessee
About Three Way, TN
Three Way is a small community in Tennessee with a population of 1,965 residents. The median household income is $91,845 per year, which is above the national average. The median age in Three Way is 54.3 years.
Housing in Three Way has a median home value of $231,200 and median monthly rent of $1,650. Of the 870 total housing units, the majority are owner-occupied, with 783 owner-occupied and 60 renter-occupied units.
The unemployment rate in Three Way is 5.7% and the poverty rate is 5.8%. 39.4% of residents hold a bachelor's degree or higher. The average commute time is 24.8 minutes.
Cost of Living in Three Way, TN
Compared to national averages, Three Way has a median household income of $91,845 (22% above the national median of $75,149). Home values average $231,200, which is 6% below the national median. Monthly rent at $1,650 is 42% above the US average of $1,163. Within Tennessee, Three Way's income is 46% above the state average of $62,849, and home values are 8% above the state median of $214,371.
Why Live in Three Way, TN?
Three Way offers a strong local economy with a median household income of $91,845, well above the national average, and affordable housing with a median home value of $231,200, below the US average of $244,900, and a well-educated community where 39.4% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 5.8%, better than the national average, and short commute times averaging just 24.8 minutes.
Three Way has a population of 1,965 with a median age of 54.3 years. Compare Three Way with other cities to see how it stacks up, or explore all cities in Tennessee.
Similar Cities Near Three Way
Cities in Tennessee with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Halls | 1,984 | $40,735 | $100,200 | Compare |
| Berry Hill | 1,944 | $76,709 | $513,700 | Compare |
| Central | 1,944 | $42,292 | $126,700 | Compare |
| Hunter | 1,997 | $51,763 | $163,100 | Compare |
| Biltmore | 1,998 | $49,280 | $117,800 | Compare |
| Fairmount | 1,932 | $133,232 | $482,700 | Compare |
| New Johnsonville | 1,930 | $75,114 | $138,200 | Compare |
| Tracy City | 1,924 | $38,250 | $116,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Tennessee
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Three Way With Other Cities
Frequently Asked Questions about Three Way
What is the population of Three Way, TN?
The population of Three Way, TN is 1,965 according to the latest Census data.
What is the median household income in Three Way?
The median household income in Three Way, TN is $91,845 per year.
What is the median home value in Three Way?
The median home value in Three Way, TN is $231,200.
What is the average rent in Three Way?
The median monthly rent in Three Way, TN is $1,650.
What is the unemployment rate in Three Way?
The unemployment rate in Three Way, TN is 5.7%.