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The last Census survey pointed that Lake Tomahawk has a population of 1,695 people. The racial composition registered by last Census is: 93.98% White, 1.36% Hispanic, 0.18% Asian, 3.13% Black, 0.77% Indian and 0.59% other races. Lake Tomahawk population has a median age of 45 years.
In Lake Tomahawk, there are 1,771 households per zipcode. The average value of a house is $109,900. There is a median of 2 people per property in the city. According to the Census, the average household income is $36,941.
The city has 26 business places. By this number of business places, Census report counts that 68 employees are working. Lake Tomahawk has an annual payroll of $1,550.
