Three Way, TN

Tennessee · Metropolitan Area

Three Way is a small town in Tennessee with a population of 1,965. Residents earn $91,845 per year, which is 22% above the national average.

4.6 /5.0
A+ Excellent
1,965 Population 438/sq mi density
$91,845 Median Income $42,093 per capita
$231,200 Home Value $278,701 Zillow
$1,650 Median Rent
59°F Avg Temperature
A+
Overall
4.6 / 5.0
Excellent overall score based on economy, affordability, safety and education
A+
Economy
4.6 / 5.0
$91,845 median income, 3.5% unemployment
A+
Affordability
5.0 / 5.0
$231,200 home value, $1,650/mo rent
A
Education
4.2 / 5.0
39.4% bachelor's degree or higher
Median Income $91,845
22% higher than US avg
Home Value $231,200
18% lower than US avg
Bachelor's+ 39.4%
17% higher than US avg
Median Rent $1,650
42% higher than US avg
Obesity Rate 37.7%
17% higher than US avg
Unemployment 3.5%
3% lower than US avg
Poverty Rate 4.6%
63% lower than US avg

How Three Way Compares to the U.S. Average (100% = U.S. avg)

People

Population1,965
Median Age54.3 yrs
Density438/mi²
Male / Female50% / 50%
Largest GroupWhite 67%

Economy

A+
Median Income$91,845
Per Capita$42,093
Unemployment3.5%
Poverty4.6%
County GDP$8,548M
Commute25 min

Housing

A+
Home Value$231,200
Rent$1,650
OwnershipN/A
Zillow$278,701

Crime

ViolentN/A
PropertyN/A

Health

Obesity37.7%
UninsuredN/A
Depression27.2%
Heart Disease5.1%

Climate

Avg Temp59°F
AQI40 (Good)
Rain55.2 in/yr
Elevation418 ft

Education

A
Bachelor's+39.4%
High School+94.0%
School Score5.08

Community

2024 VoteR 59% / D 40%
Commute25 min
Libraries2

Is Three Way a Good Place to Live?

Based on current data, Three Way receives an overall livability score of 4.6 out of 5.0, earning a grade of A+. Key strengths include above-average household incomes, low unemployment, a highly educated population, affordable housing. Three Way stands out as an excellent place to live, with strong marks across most quality-of-life indicators.

Economy & Jobs

The median household income in Three Way is $91,845, 22% above the national average of $75,149. Residents generally enjoy above-average earning potential. Unemployment stands at 3.5%, indicating a healthy job market. Only 4.6% of residents live below the poverty line, well below the national rate of 12.4%. Workers commute an average of 25 minutes.

Cost of Living & Housing

The median home value in Three Way is $231,200, 18% below the national median — offering relatively affordable homeownership. Renters pay a median of $1,650 per month, significantly above the national average of $1,163. At just 2.5x median income, home prices are very affordable relative to local earnings.

Education

Educational attainment is solid, with 39.4% holding a bachelor's degree or higher, near the national average. 94.0% have completed high school. Area schools have an average test score of 5.1/10.

Climate & Weather

Three Way enjoys a moderate climate with an average annual temperature of 59°F. Winters average 38°F in January while summers reach 80°F in July. Annual precipitation totals 55.2 inches. Air quality is rated Good with a median AQI of 40.

Three Way has a population of 1,965 with a density of 438 people per square mile. The median age is 54.3 years, 40% older than the national median of 38.9. The city is predominantly White (67.2%), with 23.1% Black.

Population

1,965
Total Population
438
People / sq mi
54.3yrs
Median Age
40% above US avg
4.5mi²
Land Area

Gender Distribution

Male 49.7%
Female 50.3%

Race & Ethnicity

Three Way vs U.S. Average

Language Spoken at Home

English Only94.6%
21% above US avg
Spanish5.4%
60% below US avg

Social Characteristics

Three Way vs U.S. Average

The median household income in Three Way is $91,845, which is 22% above the national average of $75,149. The unemployment rate is 3.5% (below the 3.6% US average). 4.6% of residents live below the poverty line. Workers commute an average of 25 minutes.

Income: Three Way vs U.S.

Commute Mode

Income

Median HH Income$91,845
22% above US avg
Per Capita Income$42,093
Avg Weekly Wage$1,116
IRS Avg AGI$67,311

Employment & Poverty

Unemployment3.5%
3% below US avg
Poverty Rate4.6%
63% below US avg
Establishments (County)2,988
County GDP$8,548M

Business (County)

Restaurants253
Healthcare374
Retail470
Manufacturing84

Tax & Cost of Living

Property Tax (IRS)$3,610
3% above US avg
Effective Tax Rate1.56%

Commute & Transportation

Commute Time24.8 min
Work from Home6.4%

Walkability

The median home value in Three Way is $231,200, 18% below the national average. Monthly rent averages $1,650 (42% above US avg). Zillow estimates the typical home value at $278,701.

Home Value Sources

Ownership Split

Home Values

Census Median$231,200
18% below US avg
Zillow ZHVI$278,701
Median List Price$319,900

Real Estate Market (Redfin)

Median List Price$319,900
$/Sq Ft$180
Homes Sold4
Sale-to-List Ratio99.9%
Price Drops23.1%
Inventory13

Rental Costs

Census Median Rent$1,650
42% above US avg

HUD Fair Market Rent

Studio$882
1 Bedroom$924
2 Bedrooms$1,118
3 Bedrooms$1,445
4 Bedrooms$1,644

Ownership & Property

Owner-Occupied92.9%

Property Tax

Avg Tax (IRS)$3,610
3% above US avg
Effective Rate1.56%
In Three Way, 37.7% of adults are obese (above the 32.1% national rate). 27.2% report depression. 20.9% are physically inactive.

Health Metrics: Three Way vs U.S. Average (%)

Chronic Conditions

Obesity37.7%
17% above US avg
Diabetes10.0%
Heart Disease5.1%
High Blood Pressure33.9%
Asthma10.4%
COPD5.5%
Stroke2.6%

Behaviors & Mental Health

Binge Drinking15.9%
Physical Inactivity20.9%
Depression27.2%
Mental Distress17.7%
Physical Distress11.9%

Healthcare Access

Insurance Rate94.6%
Checkup Rate79.4%
Premature Death12,327/100K

Food & Exercise

Food Environment6.9/10
Exercise Access85.5%
Healthcare Facilities374

Crime Rates: Three Way vs U.S. Average (per 100,000)

Violent Crime

Property Crime

Traffic Safety

Fatal Crashes (County/yr)19

Safety Score

Three Way has an average annual temperature of 59°F (15°C). Winters average 38°F in January while summers reach 80°F in July. Annual precipitation is 55.2 inches. Air quality is rated Good with a median AQI of 40.

Temperature

38°F Jan (3°C) 80°F Jul (27°C)
Annual Average59.3°F
10% above US avg
January Average38°F (3°C)
July Average80°F (27°C)

Precipitation & Snow

Annual Rainfall55.2 inches
45% above US avg
Snowfall4.4 inches/yr

Air Quality

AQI Median40.0
RatingGood

Geography

Elevation418 ft (127 m)
Area4.5 sq mi (11.6 km²)
Population Density438/sq mi
Coordinates35.7720°N, 88.8572°W
County FIPS47113
It is classified as Metro — under 250K. 39.4% of residents hold a bachelor's degree or higher (17% above US avg). In the 2024 election, the county voted Republican by a 18.2-point margin.

2024 Presidential Election (County)

R 58.5%
D 40.3%

Winner: Republican by 18.2 points

Education

Bachelor's Degree+39.4%
17% above US avg
High School+94.0%
School Test Score5.08
A Education Grade (4.2/5.0)

Urban-Rural Classification

RUCC Code 3Metro — under 250K
Population Density438/sq mi
Total Area4.5 sq mi

Infrastructure & Services

Public Libraries2
Healthcare Facilities374
Restaurants253
Retail Stores470

Safety & Disasters

Fatal Crashes (County/yr)19

Commute & Transportation

Avg Commute24.8 min
Work from Home6.4%

Nearby Cities

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