Three Lakes, WI
Population 393 · Wisconsin
About Three Lakes, WI
Three Lakes is a small community located in Wisconsin with a population of 393 residents according to the latest US Census Bureau American Community Survey data. The median household income is $53,625 per year, which is 29% below the national median of $75,149. The median age of 51.6 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 Three Lakes features a median home value of $183,700, which is 25% below the national median of $244,900. This positions Three Lakes in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 352 total housing units, 83% are owner-occupied (153 units) and 17% are renter-occupied (32 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Three Lakes shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 2.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Three Lakes have an average one-way commute time of 24.9 minutes.
Education & Demographics
41.8% of Three Lakes 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, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 1.0% of the population being foreign-born.
Cost of Living in Three Lakes, WI
Compared to national averages, Three Lakes has a median household income of $53,625 (29% below the national median of $75,149). Home values average $183,700, which is 25% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Wisconsin, Three Lakes's income is 26% below the state average of $72,579, and home values are 11% below the state median of $205,802.
Why Live in Three Lakes, WI?
Three Lakes offers affordable housing with a median home value of $183,700, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a well-educated community where 41.8% of residents hold a bachelor’s degree or higher, and a low poverty rate of 2.3%, better than the national average, and short commute times averaging just 24.9 minutes.
Potential considerations include median household income ($53,625) that falls below the national average. However, Three Lakes’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Three Lakes has a population of 393 with a median age of 51.6 years. Compare Three Lakes 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 Three Lakes
What is the population of Three Lakes, WI?
The population of Three Lakes, WI is 393 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 Three Lakes?
The median household income in Three Lakes, WI is $53,625 per year, which is 29% below the national median of $75,149.
What is the median home value in Three Lakes?
The median home value in Three Lakes, WI is $183,700, which is 25% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Three Lakes?
The median monthly rent in Three Lakes, WI is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Three Lakes?
The unemployment rate in Three Lakes, WI is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Three Lakes, WI a good place to live?
Three Lakes offers a moderate cost of living, affordable housing, and a strong job market. With a population of 393 and a median age of 51.6, the city appeals to established professionals and retirees.
How educated is Three Lakes, WI?
41.8% of residents in Three Lakes 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 Three Lakes?
Key cost-of-living indicators for Three Lakes, WI: median home value is $183,700 (25% below national), median rent is $0/month, and median household income is $53,625. The home-value-to-income ratio is 3.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Three Lakes?
The poverty rate in Three Lakes, WI is 2.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Three Lakes, WI?
Three Lakes's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 1.0% of residents are foreign-born.