At a Glance
Median Income
$70,393
$29,554 per capita
Home Value
$169,300
Zillow: $285,890
Median Rent
$776/mo
24.8% of income on rent
Bachelor's Degree+
10.6%
93.8% high school+
Unemployment
2.0%
10.9% poverty rate
Obesity Rate
34.2%
17.7% smoking rate
How Wakeman Compares to the U.S. Average
Each bar shows Wakeman's value as a percentage of the national average (100% = U.S. avg)
Thin vertical line = U.S. national average (100%)
Is Wakeman a Good Place to Live?
B+
3.6 / 5.0 - Good
Based on economy, affordability, safety, and education metrics compared to national averages.
Economy & Jobs
Wakeman residents earn a median household income of $70,393 , which is 6% below the national average of $75,149.
Per capita income is $29,554. The unemployment rate stands at 2.0% (44% below the U.S. rate of 3.6%). 10.9% of residents live below the poverty line. The area is home to 1,419 business establishments, including 114 restaurants.
Housing & Cost of Living
The median home value in Wakeman is $169,300 , 40% below the national median of $281,900.
Zillow estimates the typical home at $285,890. Median rent is $776/month, with 24.8% of renters spending more than 30% of income on housing. The cost of living index is 92.8 (100 = national average). The median home was built in 1966.
Education
10.6% of adults in Wakeman hold a bachelor's degree or higher
(69% below the national average).
93.8% have completed high school. Local schools score 5.6/10 in standardized testing.
Climate & Weather
Wakeman has an average annual temperature of 50°F (10°C).
Winters average 27°F in January while summers reach 72°F in July. Annual precipitation totals 36.7 inches.
Data Overview
People
Population1,100
Median Age30.6 yrs
Density1,325/mi²
Male / Female44% / 56%
Foreign Born1.1%
Veterans7.8%
Economy
A
Median Income$70,393
Per Capita$29,554
Unemployment2.0%
Poverty10.9%
County GDP$2,991M
Avg Weekly Wage$1,024
Housing
A+
Home Value$169,300
Rent$776
Ownership74.9%
Zillow$285,890
Housing Units434
Rent Burden24.8%
Health
Obesity34.2%
Diabetes10.6%
Smoking17.7%
Heart Disease6.0%
Premature Death10,506/100K
Climate
Avg Temp50°F
Rain36.7 in/yr
Elevation863 ft
Education
D
Bachelor's+10.6%
High School+93.8%
Graduate+3.8%
School Score5.6/10
Community
2024 VoteR 72% / D 28%
Commute27 min
Broadband90.2%
Internet Speed97 Mbps
EV Stations1
Libraries8
Did You Know?
The median home in Wakeman was built in 1966.
The nearest airport is Cleveland-Hopkins International (30 miles).
The Gini coefficient (income inequality) is 0.397 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Low" by FEMA.
9.1% of the population has a disability.
There are 114 restaurants in the area.
The county recorded 4 fatal vehicle crashes.