Lake Nebagamon, WI
Population 891 · Wisconsin
About Lake Nebagamon, WI
Lake Nebagamon is a small community located in Wisconsin with a population of 891 residents according to the latest US Census Bureau American Community Survey data. The median household income is $75,341 per year, which is 0% above the national median of $75,149. The median age of 51.9 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Lake Nebagamon features a median home value of $278,300, which is 14% above the national median of $244,900. This positions Lake Nebagamon in a moderately priced market relative to the rest of the country. Median monthly rent is $817, 30% below the national average of $1,163/month. Of the 741 total housing units, 85% are owner-occupied (355 units) and 15% are renter-occupied (64 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lake Nebagamon shows an unemployment rate of 2.4%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 5.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lake Nebagamon have an average one-way commute time of 36.6 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
36.5% of Lake Nebagamon residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.0% White, 1.0% Hispanic or Latino, 2.5% Black or African American, and 0.0% Asian residents, with 0.4% of the population being foreign-born.
Cost of Living in Lake Nebagamon, WI
Compared to national averages, Lake Nebagamon has a median household income of $75,341 (0% above the national median of $75,149). Home values average $278,300, which is 14% above the national median. Monthly rent at $817 is 30% below the US average of $1,163. Within Wisconsin, Lake Nebagamon's income is 4% above the state average of $72,579, and home values are 35% above the state median of $205,802.
Why Live in Lake Nebagamon, WI?
Lake Nebagamon offers a strong local economy with a median household income of $75,341, well above the national average, and rent that’s lower than the national average at $817/month, and a strong job market with an unemployment rate of just 2.4%. Additionally, the city features a well-educated community where 36.5% of residents hold a bachelor’s degree or higher, and a low poverty rate of 5.1%, better than the national average.
Lake Nebagamon has a population of 891 with a median age of 51.9 years. Compare Lake Nebagamon with other cities to see how it stacks up, or explore all cities in Wisconsin.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Lake Nebagamon
What is the population of Lake Nebagamon, WI?
The population of Lake Nebagamon, WI is 891 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Wisconsin.
What is the median household income in Lake Nebagamon?
The median household income in Lake Nebagamon, WI is $75,341 per year, which is 0% above the national median of $75,149.
What is the median home value in Lake Nebagamon?
The median home value in Lake Nebagamon, WI is $278,300, which is 14% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lake Nebagamon?
The median monthly rent in Lake Nebagamon, WI is $817, which is 30% below the national average of $1,163/month.
What is the unemployment rate in Lake Nebagamon?
The unemployment rate in Lake Nebagamon, WI is 2.4%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Lake Nebagamon, WI a good place to live?
Lake Nebagamon offers above-average incomes, a competitive housing market, and a strong job market. With a population of 891 and a median age of 51.9, the city appeals to established professionals and retirees.
How educated is Lake Nebagamon, WI?
36.5% of residents in Lake Nebagamon aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Lake Nebagamon?
Key cost-of-living indicators for Lake Nebagamon, WI: median home value is $278,300 (14% above national), median rent is $817/month, and median household income is $75,341. The home-value-to-income ratio is 3.7x, a moderate figure by national standards.
What is the poverty rate in Lake Nebagamon?
The poverty rate in Lake Nebagamon, WI is 5.1%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Lake Nebagamon, WI?
Lake Nebagamon's population is 0.0% White, 1.0% Hispanic or Latino, 2.5% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.4% of residents are foreign-born.