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Three Way, Tennessee

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
2,008
Population
$88,125
Median Income
$250,700
Home Value
54.9
Median Age

Demographics

Three Way has a population of 2,008 with a median age of 54.9. Here is the racial and ethnic breakdown of the population:

White
72.7%
Black
22.6%
Other
3.6%
Hispanic
0.6%
Demographic Value
Total Population2,008
Median Age54.9
White72.7%
Black or African American22.6%
Asian0.5%
Hispanic or Latino0.6%
Other / Two or More Races3.6%
Three Way, Tennessee — racial composition (Census ACS 2024)Donut chart of 4 segments totaling 100.White: 72.7%Black: 22.6%Other: 3.6%Other: 1.1%2,008PopulationWhiteWhite72.7%BlackBlack22.6%OtherOther3.6%OtherOther1.1%

Income & Economy

The median household income in Three Way is $88,125, which is 9.3% above the national median of $80,610. The per capita income is $44,312. The poverty rate is 6.4%.

$88,125
Median Household Income
$44,312
Per Capita Income
6.4%
Poverty Rate

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Education

In Three Way, 95.1% of residents age 25+ have a high school diploma or higher, and 38.6% hold a bachelor's degree or higher (15.1% with a graduate or professional degree).

HS Diploma+
95.1%
Bachelor's+
38.6%
Graduate+
15.1%
Education Level % of Adults (25+)
High School Diploma or Higher95.1%
Bachelor's Degree or Higher38.6%
Graduate or Professional Degree15.1%

Housing

The median home value in Three Way is $250,700, below the national median of $303,400. The median monthly rent is $1,646. The homeownership rate is 93.4%.

$250,700
Median Home Value
$1,646/mo
Median Rent
93.4%
Homeownership Rate
Housing Metric Value
Median Home Value$250,700
Median Monthly Rent$1,646
Homeownership Rate93.4%
Vacancy Rate2.4%

Salaries in Tennessee

Explore salary data for popular occupations in Tennessee:

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Other Cities in Tennessee

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Frequently Asked Questions

What is the population of Three Way, Tennessee?
The population of Three Way, Tennessee is 2,008 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Three Way, Tennessee?
The median household income in Three Way, Tennessee is $88,125. This is 9.3% above the national median of $80,610.
What is the median home value in Three Way, Tennessee?
The median home value in Three Way, Tennessee is $250,700. The median monthly rent is $1,646.
What percentage of people in Three Way have a college degree?
In Three Way, Tennessee, 38.6% of adults age 25 and older hold a bachelor's degree or higher, and 95.1% have a high school diploma or higher.
Is Three Way, Tennessee an affordable place to live?
The home price-to-income ratio in Three Way, Tennessee is 2.8x (median home value $250,700 vs. median income $88,125), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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