Wedgewood, MI
Population 273 · Michigan
About Wedgewood, MI
Wedgewood is a small community in Michigan with a population of 273 residents. The median household income is $133,125 per year, which is above the national average. The median age in Wedgewood is 58.4 years.
Housing in Wedgewood has a median home value of $300,000 and median monthly rent of $0. Of the 92 total housing units, the majority are owner-occupied, with 92 owner-occupied and 0 renter-occupied units.
The unemployment rate in Wedgewood is 0.0% and the poverty rate is 0.0%. 43.6% of residents hold a bachelor's degree or higher. The average commute time is 17.5 minutes.
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.
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Frequently Asked Questions about Wedgewood
What is the population of Wedgewood, MI?
The population of Wedgewood, MI is 273 according to the latest Census data.
What is the median household income in Wedgewood?
The median household income in Wedgewood, MI is $133,125 per year.
What is the median home value in Wedgewood?
The median home value in Wedgewood, MI is $300,000.
What is the average rent in Wedgewood?
The median monthly rent in Wedgewood, MI is $0.
What is the unemployment rate in Wedgewood?
The unemployment rate in Wedgewood, MI is 0.0%.