Wakeman, OH
Population 1,100 · Ohio
About Wakeman, OH
Wakeman is a small town located in Ohio with a population of 1,100 residents according to the latest US Census Bureau American Community Survey data. The median household income is $70,393 per year, which is 6% below the national median of $75,149. The median age of 30.6 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Wakeman features a median home value of $169,300, which is 31% below the national median of $244,900. This positions Wakeman in a moderately priced market relative to the rest of the country. Median monthly rent is $776, 33% below the national average of $1,163/month. Of the 423 total housing units, 75% are owner-occupied (299 units) and 25% are renter-occupied (100 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Wakeman shows an unemployment rate of 2.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 8.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Wakeman have an average one-way commute time of 27.3 minutes.
Education & Demographics
10.6% of Wakeman residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 0.7% Hispanic or Latino, 2.3% Black or African American, and 0.0% Asian residents, with 1.1% of the population being foreign-born.
Cost of Living in Wakeman, OH
Compared to national averages, Wakeman has a median household income of $70,393 (6% below the national median of $75,149). Home values average $169,300, which is 31% below the national median. Monthly rent at $776 is 33% below the US average of $1,163. Within Ohio, Wakeman's income is 2% below the state average of $71,814, and home values are 3% below the state median of $174,449.
Why Live in Wakeman, OH?
Wakeman offers affordable housing with a median home value of $169,300, below the US average of $244,900, and rent that’s lower than the national average at $776/month, and a strong job market with an unemployment rate of just 2.0%. Additionally, the city features a low poverty rate of 8.0%, better than the national average.
Potential considerations include median household income ($70,393) that falls below the national average. However, Wakeman’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Wakeman has a population of 1,100 with a median age of 30.6 years. Compare Wakeman with other cities to see how it stacks up, or explore all cities in Ohio.
Similar Cities Near Wakeman
Cities in Ohio with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Pheasant Run | 1,093 | $65,769 | $121,900 | Compare |
| Candlewood Lake | 1,108 | $101,250 | $245,100 | Compare |
| Guilford Lake | 1,109 | $61,196 | $219,300 | Compare |
| North Bend | 1,091 | $98,047 | $315,600 | Compare |
| Clinton | 1,111 | $78,750 | $171,200 | Compare |
| Wayne | 1,087 | $74,688 | $130,500 | Compare |
| Chesapeake | 1,082 | $46,667 | $106,100 | Compare |
| Twinsburg Heights | 1,082 | $0 | $123,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Ohio
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Wakeman With Other Cities
Frequently Asked Questions about Wakeman
What is the population of Wakeman, OH?
The population of Wakeman, OH is 1,100 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Ohio.
What is the median household income in Wakeman?
The median household income in Wakeman, OH is $70,393 per year, which is 6% below the national median of $75,149.
What is the median home value in Wakeman?
The median home value in Wakeman, OH is $169,300, which is 31% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Wakeman?
The median monthly rent in Wakeman, OH is $776, which is 33% below the national average of $1,163/month.
What is the unemployment rate in Wakeman?
The unemployment rate in Wakeman, OH is 2.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Wakeman, OH a good place to live?
Wakeman offers a moderate cost of living, affordable housing, and a strong job market. With a population of 1,100 and a median age of 30.6, the city appeals to young professionals and families.
How educated is Wakeman, OH?
10.6% of residents in Wakeman aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Wakeman?
Key cost-of-living indicators for Wakeman, OH: median home value is $169,300 (31% below national), median rent is $776/month, and median household income is $70,393. The home-value-to-income ratio is 2.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Wakeman?
The poverty rate in Wakeman, OH is 8.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Wakeman, OH?
Wakeman's population is 0.0% White, 0.7% Hispanic or Latino, 2.3% Black or African American, 0.0% Asian, and 0.0% two or more races. 1.1% of residents are foreign-born.