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Wakefield, MI
Full City Profile · Michigan · Gogebic County County
2.9
/5.0
C+
Fair
1,789
Population
227/sq mi density
$48,413
Median Income
$28,602 per capita
$71,400
Home Value
$97,182 Zillow
$662
Median Rent
51.0% income on rent
40°F
Avg Temperature
249 sunny days/yr
156
Violent Crime/100K
1,811 property/100K
C+
Overall
2.9 / 5.0
Fair overall score based on economy, affordability, safety and education
B
Economy
3.4 / 5.0
$48,413 median income, 1.4% unemployment
A+
Affordability
5.0 / 5.0
$71,400 home value, $662/mo rent
F
Safety
1.0 / 5.0
156 violent crimes/100K
C
Education
2.2 / 5.0
15.2% bachelor's degree or higher
Income Overview
Median Household Income
$48,413
36% below
US avg: $75,149
Per Capita Income
$28,602
27% below
US avg: $39,052
Unemployment Rate
1.4%
61% below
US avg: 3.6%
Poverty Rate
17.4%
40% above
US avg: 12.4%
Income Comparison: Wakefield vs. U.S. Average
Each bar shows Wakefield’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$48,413
64%
Per Capita
US: $39,052
$28,602
73%
IRS Avg AGI
US: $72,000
$55,716
77%
Avg Weekly Wage
US: $1,432
$930
65%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$930
35% below US avg ($1,432)
Mean Commute Time
23 min
16% below US avg (28 min)
Work From Home
3.1%
80% below US avg (15.2%)
Drive Alone
77.8%
6% above US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
County GDP
$649M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
77.8%
Public Transit
0%
Work From Home
3.1%
Other
19.1%
Average commute time
23 minutes
US avg: 28 min
Business Landscape
Total Establishments
420
Restaurants
51
Healthcare
28
Retail
67
Manufacturing
22
Tax & Financial
IRS Avg Adjusted Gross Income
$55,716
23% below US avg ($72,000)
Avg Property Tax
$5,093
46% above US avg ($3,500)
Cost of Living Index
96.2
Below national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $48,413 |
| Per Capita Income | $28,602 |
| IRS Avg Adjusted Gross Income | $55,716 |
| Avg Weekly Wage | $930 |
| County GDP | $649M |
Hardship Indicators
| Unemployment Rate | 1.4% |
| Poverty Rate | 17.4% |
| Gini Coefficient | 0.479 |
| Cost of Living Index | 96.2 |
Commute
| Mean Commute | 23 minutes |
| Drive Alone | 77.8% |
| Public Transit | 0.0% |
| Work From Home | 3.1% |
Businesses
| Total Establishments | 420 |
| Restaurants | 51 |
| Healthcare | 28 |
| Retail | 67 |
| Manufacturing | 22 |
Tax
| IRS Avg AGI | $55,716 |
| Avg Property Tax | $5,093 |