Wedgefield, FL
Population 8,556 · Florida
About Wedgefield, FL
Wedgefield is a small town located in Florida with a population of 8,556 residents according to the latest US Census Bureau American Community Survey data. The median household income is $120,440 per year, which is 60% above the national median of $75,149. The median age of 42.7 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Wedgefield features a median home value of $419,100, which is 71% above the national median of $244,900. This places Wedgefield in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,833, 58% above the national average of $1,163/month. Of the 2,816 total housing units, 92% are owner-occupied (2,476 units) and 8% are renter-occupied (207 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Wedgefield shows an unemployment rate of 1.6%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 4.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Wedgefield have an average one-way commute time of 39.8 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
37.4% of Wedgefield residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 2.4% White, 1.5% Hispanic or Latino, 18.5% Black or African American, and 4.0% Asian residents, with 15.1% of the population being foreign-born.
Cost of Living in Wedgefield, FL
Compared to national averages, Wedgefield has a median household income of $120,440 (60% above the national median of $75,149). Home values average $419,100, which is 71% above the national median. Monthly rent at $1,833 is 58% above the US average of $1,163. Within Florida, Wedgefield's income is 59% above the state average of $75,893, and home values are 18% above the state median of $353,675.
Why Live in Wedgefield, FL?
Wedgefield offers a strong local economy with a median household income of $120,440, well above the national average, and a strong job market with an unemployment rate of just 1.6%, and a well-educated community where 37.4% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 4.3%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $419,100. However, Wedgefield’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Wedgefield has a population of 8,556 with a median age of 42.7 years. Compare Wedgefield with other cities to see how it stacks up, or explore all cities in Florida.
Similar Cities Near Wedgefield
Cities in Florida with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Miramar Beach | 8,587 | $97,159 | $672,200 | Compare |
| Fern Park | 8,593 | $60,828 | $321,400 | Compare |
| Seffner | 8,498 | $88,167 | $306,600 | Compare |
| Fruitland Park | 8,482 | $78,359 | $375,100 | Compare |
| Westgate | 8,369 | $50,441 | $242,600 | Compare |
| Gulf Gate | 8,317 | $64,724 | $344,500 | Compare |
| Hernando | 8,795 | $41,564 | $189,200 | Compare |
| Lely Resort | 8,296 | $100,163 | $599,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Florida
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Wedgefield With Other Cities
Frequently Asked Questions about Wedgefield
What is the population of Wedgefield, FL?
The population of Wedgefield, FL is 8,556 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Florida.
What is the median household income in Wedgefield?
The median household income in Wedgefield, FL is $120,440 per year, which is 60% above the national median of $75,149.
What is the median home value in Wedgefield?
The median home value in Wedgefield, FL is $419,100, which is 71% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Wedgefield?
The median monthly rent in Wedgefield, FL is $1,833, which is 58% above the national average of $1,163/month.
What is the unemployment rate in Wedgefield?
The unemployment rate in Wedgefield, FL is 1.6%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Wedgefield, FL a good place to live?
Wedgefield offers above-average incomes, a competitive housing market, and a strong job market. With a population of 8,556 and a median age of 42.7, the city appeals to a broad range of residents.
How educated is Wedgefield, FL?
37.4% of residents in Wedgefield aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Wedgefield?
Key cost-of-living indicators for Wedgefield, FL: median home value is $419,100 (71% above national), median rent is $1,833/month, and median household income is $120,440. The home-value-to-income ratio is 3.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Wedgefield?
The poverty rate in Wedgefield, FL is 4.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Wedgefield, FL?
Wedgefield's population is 2.4% White, 1.5% Hispanic or Latino, 18.5% Black or African American, 4.0% Asian, and 10.1% two or more races. 15.1% of residents are foreign-born.