Paddock Lake, WI
Population 2,965 · Wisconsin
About Paddock Lake, WI
Paddock Lake is a small town located in Wisconsin with a population of 2,965 residents according to the latest US Census Bureau American Community Survey data. The median household income is $88,438 per year, which is 18% above the national median of $75,149. The median age of 38.8 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Paddock Lake features a median home value of $242,800, which is 1% below the national median of $244,900. This positions Paddock Lake in a moderately priced market relative to the rest of the country. Median monthly rent is $1,202, 3% above the national average of $1,163/month. Of the 1,390 total housing units, 82% are owner-occupied (1,029 units) and 18% are renter-occupied (225 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Paddock Lake shows an unemployment rate of 2.6%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 3.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Paddock Lake have an average one-way commute time of 33.2 minutes.
Education & Demographics
30.2% of Paddock Lake 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 4.2% White, 2.5% Hispanic or Latino, 1.9% Black or African American, and 0.0% Asian residents, with 2.9% of the population being foreign-born.
Cost of Living in Paddock Lake, WI
Compared to national averages, Paddock Lake has a median household income of $88,438 (18% above the national median of $75,149). Home values average $242,800, which is 1% below the national median. Monthly rent at $1,202 is 3% above the US average of $1,163. Within Wisconsin, Paddock Lake's income is 22% above the state average of $72,579, and home values are 18% above the state median of $205,802.
Why Live in Paddock Lake, WI?
Paddock Lake offers a strong local economy with a median household income of $88,438, well above the national average, and affordable housing with a median home value of $242,800, below the US average of $244,900, and a strong job market with an unemployment rate of just 2.6%. Additionally, the city features a low poverty rate of 3.3%, better than the national average.
Paddock Lake has a population of 2,965 with a median age of 38.8 years. Compare Paddock Lake with other cities to see how it stacks up, or explore all cities in Wisconsin.
Similar Cities Near Paddock Lake
Cities in Wisconsin with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Genoa City | 2,967 | $88,958 | $230,900 | Compare |
| Williams Bay | 2,967 | $70,568 | $397,600 | Compare |
| Amery | 2,959 | $71,290 | $164,300 | Compare |
| Oconto Falls | 2,979 | $47,786 | $145,100 | Compare |
| Wales | 2,915 | $110,804 | $383,600 | Compare |
| Oostburg | 3,077 | $87,276 | $230,400 | Compare |
| Somerset | 3,084 | $76,176 | $271,200 | Compare |
| Mondovi | 2,843 | $48,688 | $166,100 | 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 Paddock Lake With Other Cities
Frequently Asked Questions about Paddock Lake
What is the population of Paddock Lake, WI?
The population of Paddock Lake, WI is 2,965 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Wisconsin.
What is the median household income in Paddock Lake?
The median household income in Paddock Lake, WI is $88,438 per year, which is 18% above the national median of $75,149.
What is the median home value in Paddock Lake?
The median home value in Paddock Lake, WI is $242,800, which is 1% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Paddock Lake?
The median monthly rent in Paddock Lake, WI is $1,202, which is 3% above the national average of $1,163/month.
What is the unemployment rate in Paddock Lake?
The unemployment rate in Paddock Lake, WI is 2.6%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Paddock Lake, WI a good place to live?
Paddock Lake offers above-average incomes, affordable housing, and a strong job market. With a population of 2,965 and a median age of 38.8, the city appeals to a broad range of residents.
How educated is Paddock Lake, WI?
30.2% of residents in Paddock Lake 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 Paddock Lake?
Key cost-of-living indicators for Paddock Lake, WI: median home value is $242,800 (1% below national), median rent is $1,202/month, and median household income is $88,438. The home-value-to-income ratio is 2.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Paddock Lake?
The poverty rate in Paddock Lake, WI is 3.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Paddock Lake, WI?
Paddock Lake's population is 4.2% White, 2.5% Hispanic or Latino, 1.9% Black or African American, 0.0% Asian, and 0.0% two or more races. 2.9% of residents are foreign-born.