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CITY

Three Lakes

Michigan · 172 residents · 5.993 sq mi
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The short version

Three Lakes is wealthier than most US places, with a median household income of $103,542. Population has fallen 23% since 2023, a loss of 50 residents. Median home value is $285,700. With a median age of 62.3, the population is older than the US median of 38.9. Poverty is rare here, at 5.8% of residents. It sits in the top 10% of US cities for household income.

At a glance
Wealthier
above the US median
US median: $82,259
Older
median age 62.3
US median: 38.9
More educated
43% hold a bachelor's degree
US average: 36%
Stable housing
home values roughly flat, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
172
−23%since 2023
from 222 in 2023
2020 – 2024
Population density
29 / sq mi
−23%since 2023
from 37 / sq mi in 2023
US average: 281
Median age
62.3
+3%since 2023
from 60.5 in 2023
US average: 38.9
Population, 2020 – 2024
16217819521122820202024Three Lakes
2024172
20202024
Section 02

Income & economy

Median household income
$103,542
−5%inflation adjusted, since 2023
from $105,833 in 2023
US average: $82,259
2020 – 2024
Per capita income
$50,259
+5%since 2023
from $47,645 in 2023
US average: $44,673
Households earning $100K+
60.9%
−0.8 ptssince 2023
from 61.8% in 2023
US average: 53.3%
Poverty rate
5.8%
+2.7 ptssince 2023
from 3.2% in 2023
US average: 12.5%
Income inequality (Gini)
0.341
+4%since 2023
from 0.328 in 2023
US average: 0.476
Workforce by industry, 2024
Agriculture, forestry, fishing16.4%
US avg: 1.6%
Manufacturing16.4%
US avg: 0.4%
Retail trade14.8%
US avg: 9.9%
Information13.1%
US avg: 10.8%
Other services13.1%
US avg: 6.7%
Public administration13.1%
US avg: 4.8%
Wholesale trade8.2%
US avg: 6.9%
Construction0%
US avg: 1.2%
Transportation & warehousing0%
US avg: 2.2%
Finance & insurance0%
US avg: 5.9%
Professional, scientific, technical0%
US avg: 5.1%
Education & health services0%
US avg: 0.9%
Arts, entertainment, food0%
US avg: 1.9%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$285,700
+7%inflation adjusted, since 2023
from $258,300 in 2023
US average: $376,019
2020 – 2024
Owner-occupied
94.3%
+1.1 ptssince 2023
from 93.1% in 2023
5.7% rent
Vacancy rate
64.6%
+4.5 ptssince 2023
from 60.2% in 2023
US average: 10.0%
Owner cost-burdened
15.9%
+2.2 ptssince 2023
from 13.7% in 2023
US average: 22.9%
Renter cost-burdened
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 47.4%
Afford Score
2.8
+13%since 2023
from 2.4 in 2023
2020 – 2024
RELATED:See current rent listings in Three Lakes on RentDataNow
Section 04

Race & ethnicity

2023
White, non-Hispanic94.6%(210)
Black0%(0)
Hispanic / Latino0%(0)
Asian0%(0)
Other5.4%(12)
Diversity Score12.8%(28)
2024
White, non-Hispanic97.1%(167)
Black0%(0)
Hispanic / Latino0%(0)
Asian0%(0)
Other2.9%(5)
Diversity Score7.1%(12)
Diversity Score
7
−45%since 2023
from 13 in 2023
2020 – 2024
Section 05

Education

Bachelor's degree or higher
43.0%
+5.3 ptssince 2023
from 37.7% in 2023
US average: 35.6%
High school or higher
98.7%
−0.2 ptssince 2023
from 99.0% in 2023
US average: 89.6%
Graduate degree
19.0%
+3.3 ptssince 2023
from 15.7% in 2023
US average: 14.0%
Section 06

Commute & transportation

Average commute
44.4 min
+4%since 2023
from 42.7 min in 2023
US average: 26.5
Drive alone to work
68.3%
+2.8 ptssince 2023
from 65.6% in 2023
US average: 68.9%
Carpooled to work
15.0%
−9.4 ptssince 2023
from 24.4% in 2023
US average: 8.5%
Public transit
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 3.2%
Worked from home
16.7%
+6.7 ptssince 2023
from 10.0% in 2023
US average: 15.0%
Walked to work
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 2.4%
Biked to work
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 0.4%
No vehicle available
2.3%
+1.3 ptssince 2023
from 1.0% in 2023
US average: 8.3%
Section 07

Work & employment

Unemployment rate
1.6%
−0.5 ptssince 2023
from 2.2% in 2023
US average: 5.2%
Labor force participation
37.8%
−5.9 ptssince 2023
from 43.7% in 2023
US average: 63.5%
Self-employed
13.1%
+3.2 ptssince 2023
from 9.9% in 2023
US average: 13.1%
Management & professional
34.4%
+4.8 ptssince 2023
from 29.7% in 2023
US average: 42.5%
Section 08

People & community

Male
55.2%
+0.3 ptssince 2023
from 55.0% in 2023
Female
44.8%
−0.3 ptssince 2023
from 45.0% in 2023
Foreign born
1.2%
+0.7 ptssince 2023
from 0.5% in 2023
US average: 14.1%
Veterans
15.2%
−2.0 ptssince 2023
from 17.2% in 2023
US average: 6.2%
With a disability
18.6%
+1.9 ptssince 2023
from 16.7% in 2023
US average: 13.3%
Uninsured
4.7%
−0.3 ptssince 2023
from 5.0% in 2023
US average: 8.4%
Broadband at home
78.2%
+2.7 ptssince 2023
from 75.5% in 2023
US average: 91.0%
English only at home
98.8%
−1.2 ptssince 2023
from 100.0% in 2023
US average: 77.7%
Spanish at home
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 13.6%
Drill deeper

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Pop 189
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Head to head

Compare Three Lakes to nearby cities

THREE LAKES VS
Marquette
Income$55,613−46%
Home value$274,700−4%
Population21,944+12658%
SEE FULL COMPARISON →
THREE LAKES VS
Houghton
Income$43,456−58%
Home value$254,500−11%
Population8,560+4877%
SEE FULL COMPARISON →
THREE LAKES VS
Escanaba
Income$45,369−56%
Home value$125,200−56%
Population12,257+7026%
SEE FULL COMPARISON →
THREE LAKES VS
Rhinelander
Income$51,421−50%
Home value$125,700−56%
Population8,242+4692%
SEE FULL COMPARISON →
Frequently asked

How many people live in Three Lakes, Michigan?

Three Lakes, Michigan has about 172 residents according to the 2024 American Community Survey.

What is the median household income in Three Lakes, Michigan?

The typical household in Three Lakes, Michigan earns about $103,542 a year. Half of households make more than that, and half make less.

Is Three Lakes, Michigan expensive?

In Three Lakes, Michigan, the median home is worth about $285,700.

How educated are people in Three Lakes, Michigan?

About 43.0% of adults age 25 and over in Three Lakes, Michigan hold a bachelor's degree or higher.

What is the poverty rate in Three Lakes, Michigan?

About 5.8% of people in Three Lakes, Michigan live below the federal poverty line.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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