Wedgewood, MI
Population 273 · Michigan
About Wedgewood, MI
Wedgewood is a small community located in Michigan with a population of 273 residents according to the latest US Census Bureau American Community Survey data. The median household income is $133,125 per year, which is 77% above the national median of $75,149. The median age of 58.4 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 Wedgewood features a median home value of $300,000, which is 22% above the national median of $244,900. This positions Wedgewood in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 92 total housing units, 100% are owner-occupied (92 units) and 0% are renter-occupied (0 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Wedgewood shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 0.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Wedgewood have an average one-way commute time of 17.5 minutes, one of the shorter commutes in the region.
Education & Demographics
43.6% of Wedgewood 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 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 2.9% of the population being foreign-born.
How Wedgewood Ranks in Michigan
Cost of Living in Wedgewood, MI
Compared to national averages, Wedgewood has a median household income of $133,125 (77% above the national median of $75,149). Home values average $300,000, which is 22% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Michigan, Wedgewood's income is 102% above the state average of $66,017, and home values are 64% above the state median of $183,391.
Why Live in Wedgewood, MI?
Wedgewood offers a strong local economy with a median household income of $133,125, well above the national average, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a well-educated community where 43.6% of residents hold a bachelor’s degree or higher, and a low poverty rate of 0.0%, better than the national average, and short commute times averaging just 17.5 minutes.
Wedgewood has a population of 273 with a median age of 58.4 years. Compare Wedgewood with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Wedgewood
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Snover | 273 | $46,667 | $95,000 | Compare |
| Watersmeet | 273 | $60,708 | $68,500 | Compare |
| Tower | 271 | $42,167 | $91,500 | Compare |
| Lake Angelus | 277 | $212,368 | $1,150,000 | Compare |
| Copemish | 279 | $48,333 | $78,500 | Compare |
| Bruce Crossing | 266 | $70,417 | $105,100 | Compare |
| Bear Lake | 265 | $54,886 | $126,400 | Compare |
| Jennings | 263 | $41,055 | $88,800 | 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.
Compare Wedgewood With Other Cities
Frequently Asked Questions about Wedgewood
What is the population of Wedgewood, MI?
The population of Wedgewood, MI is 273 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Michigan.
What is the median household income in Wedgewood?
The median household income in Wedgewood, MI is $133,125 per year, which is 77% above the national median of $75,149.
What is the median home value in Wedgewood?
The median home value in Wedgewood, MI is $300,000, which is 22% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Wedgewood?
The median monthly rent in Wedgewood, MI is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Wedgewood?
The unemployment rate in Wedgewood, MI is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Wedgewood, MI a good place to live?
Wedgewood offers above-average incomes, a competitive housing market, and a strong job market. With a population of 273 and a median age of 58.4, the city appeals to established professionals and retirees.
How educated is Wedgewood, MI?
43.6% of residents in Wedgewood 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 Wedgewood?
Key cost-of-living indicators for Wedgewood, MI: median home value is $300,000 (22% above national), median rent is $0/month, and median household income is $133,125. The home-value-to-income ratio is 2.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Wedgewood?
The poverty rate in Wedgewood, MI is 0.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Wedgewood, MI?
Wedgewood's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 5.9% two or more races. 2.9% of residents are foreign-born.