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ZipNumbers

Michigan · Census place 82780

Wakefield city, MI

Quick answer

Wakefield city has 1,789 residents, ranking #329 of 745 places in Michigan. Median household income is $48,413, the median home is worth $71,400 and median gross rent runs $662 a month.

Population
1,789Wakefield city residents
Median household income
$48,413Past 12 months, inflation adjusted
Median home value
$71,400Owner-occupied units
Median gross rent
$662Rent plus utilities, monthly
Median age
45 yrsAll residents
Homeownership rate
82.3%Owner-occupied households

What the numbers mean in Wakefield city

Housing cost measured against local earnings.

A household earning the Wakefield city median would spend about 16.4% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 1.5× the median household income; nationally that ratio sits near 4.5×. Poverty affects 22% of residents and 82.3% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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