Wolverine Lake, MI
Population 4,476 · Michigan
About Wolverine Lake, MI
Wolverine Lake is a small town located in Michigan with a population of 4,476 residents according to the latest US Census Bureau American Community Survey data. The median household income is $88,423 per year, which is 18% above the national median of $75,149. The median age of 43.9 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 Wolverine Lake features a median home value of $270,400, which is 10% above the national median of $244,900. This positions Wolverine Lake in a moderately priced market relative to the rest of the country. Median monthly rent is $1,678, 44% above the national average of $1,163/month. Of the 2,013 total housing units, 75% are owner-occupied (1,412 units) and 25% are renter-occupied (482 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Wolverine Lake shows an unemployment rate of 2.9%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 6.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Wolverine Lake have an average one-way commute time of 24.5 minutes.
Education & Demographics
37.9% of Wolverine Lake 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 1.0% White, 0.2% Hispanic or Latino, 0.2% Black or African American, and 3.8% Asian residents, with 8.7% of the population being foreign-born.
Cost of Living in Wolverine Lake, MI
Compared to national averages, Wolverine Lake has a median household income of $88,423 (18% above the national median of $75,149). Home values average $270,400, which is 10% above the national median. Monthly rent at $1,678 is 44% above the US average of $1,163. Within Michigan, Wolverine Lake's income is 34% above the state average of $66,017, and home values are 47% above the state median of $183,391.
Why Live in Wolverine Lake, MI?
Wolverine Lake offers a strong local economy with a median household income of $88,423, well above the national average, and a strong job market with an unemployment rate of just 2.9%, and a well-educated community where 37.9% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 6.9%, better than the national average, and short commute times averaging just 24.5 minutes.
Wolverine Lake has a population of 4,476 with a median age of 43.9 years. Compare Wolverine Lake with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Wolverine Lake
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Dexter | 4,495 | $103,182 | $401,800 | Compare |
| Hancock | 4,510 | $55,278 | $185,700 | Compare |
| Vandercook Lake | 4,434 | $52,337 | $125,800 | Compare |
| Wayland | 4,430 | $71,797 | $201,200 | Compare |
| Fremont | 4,532 | $57,000 | $169,500 | Compare |
| Bloomfield Hills | 4,412 | $200,318 | $942,900 | Compare |
| Michigan Center | 4,623 | $68,114 | $159,500 | Compare |
| Middleville | 4,327 | $71,417 | $209,000 | 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.
Compare Wolverine Lake With Other Cities
Frequently Asked Questions about Wolverine Lake
What is the population of Wolverine Lake, MI?
The population of Wolverine Lake, MI is 4,476 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Michigan.
What is the median household income in Wolverine Lake?
The median household income in Wolverine Lake, MI is $88,423 per year, which is 18% above the national median of $75,149.
What is the median home value in Wolverine Lake?
The median home value in Wolverine Lake, MI is $270,400, which is 10% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Wolverine Lake?
The median monthly rent in Wolverine Lake, MI is $1,678, which is 44% above the national average of $1,163/month.
What is the unemployment rate in Wolverine Lake?
The unemployment rate in Wolverine Lake, MI is 2.9%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Wolverine Lake, MI a good place to live?
Wolverine Lake offers above-average incomes, a competitive housing market, and a strong job market. With a population of 4,476 and a median age of 43.9, the city appeals to a broad range of residents.
How educated is Wolverine Lake, MI?
37.9% of residents in Wolverine Lake 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 Wolverine Lake?
Key cost-of-living indicators for Wolverine Lake, MI: median home value is $270,400 (10% above national), median rent is $1,678/month, and median household income is $88,423. The home-value-to-income ratio is 3.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Wolverine Lake?
The poverty rate in Wolverine Lake, MI is 6.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Wolverine Lake, MI?
Wolverine Lake's population is 1.0% White, 0.2% Hispanic or Latino, 0.2% Black or African American, 3.8% Asian, and 0.7% two or more races. 8.7% of residents are foreign-born.