Wakefield, MI
Population 1,789 · Michigan
About Wakefield, MI
Wakefield is a small community in Michigan with a population of 1,789 residents. The median household income is $48,413 per year, which is below the national average. The median age in Wakefield is 45 years.
Housing in Wakefield has a median home value of $71,400 and median monthly rent of $662. Of the 975 total housing units, the majority are owner-occupied, with 621 owner-occupied and 134 renter-occupied units.
The unemployment rate in Wakefield is 2.8% and the poverty rate is 22.0%. 15.2% of residents hold a bachelor's degree or higher. The average commute time is 23.1 minutes.
How Wakefield Ranks in Michigan
Cost of Living in Wakefield, MI
Compared to national averages, Wakefield has a median household income of $48,413 (36% below the national median of $75,149). Home values average $71,400, which is 71% below the national median. Monthly rent at $662 is 43% below the US average of $1,163. Within Michigan, Wakefield's income is 27% below the state average of $66,017, and home values are 61% below the state median of $183,391.
Why Live in Wakefield, MI?
Wakefield offers affordable housing with a median home value of $71,400, below the US average of $244,900, and rent that’s lower than the national average at $662/month, and a strong job market with an unemployment rate of just 2.8%. Additionally, the city features short commute times averaging just 23.1 minutes.
Potential considerations include median household income ($48,413) that falls below the national average. However, Wakefield’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Wakefield has a population of 1,789 with a median age of 45 years. Compare Wakefield with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Wakefield
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Kingsley | 1,783 | $65,714 | $248,900 | Compare |
| Au Sable | 1,780 | $46,369 | $107,900 | Compare |
| Bessemer | 1,778 | $50,792 | $76,100 | Compare |
| East Jordan | 1,776 | $53,929 | $125,100 | Compare |
| Marlette | 1,771 | $44,375 | $116,900 | Compare |
| Decatur | 1,814 | $58,281 | $121,900 | Compare |
| Evart | 1,764 | $34,091 | $99,400 | Compare |
| Union City | 1,814 | $57,016 | $107,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Michigan
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Wakefield
What is the population of Wakefield, MI?
The population of Wakefield, MI is 1,789 according to the latest Census data.
What is the median household income in Wakefield?
The median household income in Wakefield, MI is $48,413 per year.
What is the median home value in Wakefield?
The median home value in Wakefield, MI is $71,400.
What is the average rent in Wakefield?
The median monthly rent in Wakefield, MI is $662.
What is the unemployment rate in Wakefield?
The unemployment rate in Wakefield, MI is 2.8%.