Three Lakes, MI

Full City Profile · Michigan · Baraga County County

4.7 /5.0
A+ Excellent
222 Population 37/sq mi density
$105,833 Median Income $47,645 per capita
$258,300 Home Value $193,218 Zillow
39°F Avg Temperature
A+
Overall
4.7 / 5.0
Strong
A+
Economy
5.0 / 5.0
$105,833 median income, 2.2% unemployment
A+
Affordability
5.0 / 5.0
$258,300 home value, /mo rent
A
Education
4.0 / 5.0
37.7% bachelor's degree or higher

Three Lakes, MI

At a Glance

Median Income
$105,833
41% above
$47,645 per capita
Home Value
$258,300
8% below
Zillow: $193,218
Bachelor's Degree+
37.7%
12% above
99.0% high school+
Unemployment
2.2%
39% below
1.2% poverty rate
Obesity Rate
40.0%
25% above
20.2% smoking rate
Avg Temperature
39°F

How Three Lakes Compares to the U.S. Average

Each bar shows Three Lakes's value as a percentage of the national average (100% = U.S. avg)

Income
141%
Home Value
92%
Poverty
10%
Bachelor's
112%
Unemployment
61%
Thin vertical line = U.S. national average (100%)

Is Three Lakes a Good Place to Live?

A+
4.7 / 5.0 - Excellent
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Three Lakes residents earn a median household income of $105,833 , which is 41% above the national average of $75,149. Per capita income is $47,645. The unemployment rate stands at 2.2% (39% below the U.S. rate of 3.6%). 1.2% of residents live below the poverty line. The area is home to 211 business establishments, including 21 restaurants.

Housing & Cost of Living

The median home value in Three Lakes is $258,300 , 8% below the national median of $281,900. Zillow estimates the typical home at $193,218. The cost of living index is 96.2 (100 = national average). The median home was built in 1977.

Education

37.7% of adults in Three Lakes hold a bachelor's degree or higher (12% above the national average). 99.0% have completed high school. Local schools score 4.9/10 in standardized testing.

Climate & Weather

Three Lakes has an average annual temperature of 39°F (4°C). Winters average 12°F in January while summers reach 64°F in July. Annual precipitation totals 29.1 inches.

Data Overview

People

Population222
Median Age60.5 yrs
Density37/mi²
Male / Female55% / 45%
Foreign Born0.5%
Veterans17.2%

Economy

A+
Median Income$105,833
Per Capita$47,645
Unemployment2.2%
Poverty1.2%
County GDP$374M
Avg Weekly Wage$981

Housing

A+
Home Value$258,300
Rent
Ownership93.1%
Zillow$193,218
Housing Units253
Rent Burden22.8%

Health

Obesity40.0%
Diabetes11.0%
Smoking20.2%
Heart Disease6.7%
Premature Death10,296/100K

Climate

Avg Temp39°F
Rain29.1 in/yr
Elevation1,634 ft

Education

A
Bachelor's+37.7%
High School+99.0%
Graduate+9.1%
School Score4.9/10

Community

2024 VoteR 64% / D 34%
Commute43 min
Broadband75.5%
Internet Speed54 Mbps
EV Stations1
Libraries1

Did You Know?

The median home in Three Lakes was built in 1977.
The nearest airport is Marquette/Sawyer Regional (41 miles).
The Gini coefficient (income inequality) is 0.456 (U.S. avg: 0.490).
Natural hazard risk is rated "Very Low" by FEMA.
16.7% of the population has a disability.
The county recorded 3 fatal vehicle crashes.