Lake Tomahawk, WI
Population 193 · Wisconsin
About Lake Tomahawk, WI
Lake Tomahawk is a small community located in Wisconsin with a population of 193 residents according to the latest US Census Bureau American Community Survey data. The median household income is $49,167 per year, which is 35% below the national median of $75,149. The median age of 53.9 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 Tomahawk features a median home value of $195,300, which is 20% below the national median of $244,900. This positions Lake Tomahawk in a moderately priced market relative to the rest of the country. Median monthly rent is $789, 32% below the national average of $1,163/month. Of the 181 total housing units, 63% are owner-occupied (71 units) and 37% are renter-occupied (41 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Lake Tomahawk shows an unemployment rate of 8.2%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 28.5%, above the national average of 12.4%. Workers in Lake Tomahawk have an average one-way commute time of 16.7 minutes, one of the shorter commutes in the region.
Education & Demographics
15.6% of Lake Tomahawk residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 5.7% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 6.7% of the population being foreign-born.
Cost of Living in Lake Tomahawk, WI
Compared to national averages, Lake Tomahawk has a median household income of $49,167 (35% below the national median of $75,149). Home values average $195,300, which is 20% below the national median. Monthly rent at $789 is 32% below the US average of $1,163. Within Wisconsin, Lake Tomahawk's income is 32% below the state average of $72,579, and home values are 5% below the state median of $205,802.
Why Live in Lake Tomahawk, WI?
Lake Tomahawk offers affordable housing with a median home value of $195,300, below the US average of $244,900, and rent that’s lower than the national average at $789/month, and short commute times averaging just 16.7 minutes.
Potential considerations include median household income ($49,167) that falls below the national average. However, Lake Tomahawk’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lake Tomahawk has a population of 193 with a median age of 53.9 years. Compare Lake Tomahawk with other cities to see how it stacks up, or explore all cities in Wisconsin.
Similar Cities Near Lake Tomahawk
Cities in Wisconsin with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Cable | 193 | $38,333 | $116,900 | Compare |
| Ferryville | 192 | $79,500 | $218,800 | Compare |
| Hatfield | 194 | $56,563 | $201,800 | Compare |
| Doylestown | 195 | $80,972 | $162,500 | Compare |
| Wilson | 195 | $80,469 | $192,400 | Compare |
| Nelsonville | 197 | $66,750 | $157,800 | Compare |
| Brule | 188 | $64,500 | $225,000 | Compare |
| Ellison Bay | 188 | $71,250 | $287,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Wisconsin
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Lake Tomahawk With Other Cities
Frequently Asked Questions about Lake Tomahawk
What is the population of Lake Tomahawk, WI?
The population of Lake Tomahawk, WI is 193 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 Tomahawk?
The median household income in Lake Tomahawk, WI is $49,167 per year, which is 35% below the national median of $75,149.
What is the median home value in Lake Tomahawk?
The median home value in Lake Tomahawk, WI is $195,300, which is 20% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lake Tomahawk?
The median monthly rent in Lake Tomahawk, WI is $789, which is 32% below the national average of $1,163/month.
What is the unemployment rate in Lake Tomahawk?
The unemployment rate in Lake Tomahawk, WI is 8.2%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Lake Tomahawk, WI a good place to live?
Lake Tomahawk offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 193 and a median age of 53.9, the city appeals to established professionals and retirees.
How educated is Lake Tomahawk, WI?
15.6% of residents in Lake Tomahawk aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Lake Tomahawk?
Key cost-of-living indicators for Lake Tomahawk, WI: median home value is $195,300 (20% below national), median rent is $789/month, and median household income is $49,167. The home-value-to-income ratio is 4.0x, a moderate figure by national standards.
What is the poverty rate in Lake Tomahawk?
The poverty rate in Lake Tomahawk, WI is 28.5%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Lake Tomahawk, WI?
Lake Tomahawk's population is 5.7% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 6.7% of residents are foreign-born.