Michigan · Census place 88220
Wolf Lake CDP, MI
Quick answer
Wolf Lake CDP has 4,802 residents, ranking #184 of 745 places in Michigan. Median household income is $49,005, the median home is worth $99,800 and median gross rent runs $992 a month.
- Population
- 4,802Wolf Lake CDP residents
- Median household income
- $49,005Past 12 months, inflation adjusted
- Median home value
- $99,800Owner-occupied units
- Median gross rent
- $992Rent plus utilities, monthly
- Median age
- 30.7 yrsAll residents
- Homeownership rate
- 92.2%Owner-occupied households
What the numbers mean in Wolf Lake CDP
Housing cost measured against local earnings.
A household earning the Wolf Lake CDP median would spend about 24.3% 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 2.0× the median household income; nationally that ratio sits near 4.5×. Poverty affects 14.6% of residents and 92.2% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Michigan.
- Gibraltar city 4,937
- Pearl Beach CDP 4,846
- Coopersville city 4,841
- Cheboygan city 4,801
- DeWitt city 4,774
- Negaunee city 4,641
- Michigan Center CDP 4,623
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