Wolf Lake, MI
Population 4,802 · Michigan
About Wolf Lake, MI
Wolf Lake is a small community in Michigan with a population of 4,802 residents. The median household income is $49,005 per year, which is below the national average. The median age in Wolf Lake is 30.7 years.
Housing in Wolf Lake has a median home value of $99,800 and median monthly rent of $992. Of the 1,793 total housing units, the majority are owner-occupied, with 1,629 owner-occupied and 137 renter-occupied units.
The unemployment rate in Wolf Lake is 11.6% and the poverty rate is 14.6%. 6.2% of residents hold a bachelor's degree or higher. The average commute time is 24 minutes.
Cost of Living in Wolf Lake, MI
Compared to national averages, Wolf Lake has a median household income of $49,005 (35% below the national median of $75,149). Home values average $99,800, which is 59% below the national median. Monthly rent at $992 is 15% below the US average of $1,163. Within Michigan, Wolf Lake's income is 26% below the state average of $66,017, and home values are 46% below the state median of $183,391.
Why Live in Wolf Lake, MI?
Wolf Lake offers affordable housing with a median home value of $99,800, below the US average of $244,900, and rent that’s lower than the national average at $992/month, and short commute times averaging just 24 minutes.
Potential considerations include median household income ($49,005) that falls below the national average. However, Wolf Lake’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Wolf Lake has a population of 4,802 with a median age of 30.7 years. Compare Wolf Lake with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Wolf Lake
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Cheboygan | 4,801 | $41,338 | $118,700 | Compare |
| DeWitt | 4,774 | $105,857 | $303,200 | Compare |
| Coopersville | 4,841 | $62,575 | $216,900 | Compare |
| Pearl Beach | 4,846 | $84,079 | $303,000 | Compare |
| Gibraltar | 4,937 | $88,682 | $212,300 | Compare |
| Negaunee | 4,641 | $70,483 | $156,400 | Compare |
| Michigan Center | 4,623 | $68,114 | $159,500 | Compare |
| Ironwood | 5,004 | $37,191 | $74,900 | 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 Wolf Lake
What is the population of Wolf Lake, MI?
The population of Wolf Lake, MI is 4,802 according to the latest Census data.
What is the median household income in Wolf Lake?
The median household income in Wolf Lake, MI is $49,005 per year.
What is the median home value in Wolf Lake?
The median home value in Wolf Lake, MI is $99,800.
What is the average rent in Wolf Lake?
The median monthly rent in Wolf Lake, MI is $992.
What is the unemployment rate in Wolf Lake?
The unemployment rate in Wolf Lake, MI is 11.6%.