Living in Wedgewood, Michigan
Cost of living, income, home prices, rent and demographics of Wedgewood · Census data 2020–2024
Wedgewood has 241 residents with a median age of 60.9. The median household income is $131,563 (81% higher than the Michigan median), the median home value is $322,700.
Wedgewood is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Wedgewood at a glance
- Population
- 241
- Median age
- 60.9State: 40.2
- Median household income
- $131,563State: $72,875
- Median home value
- $322,700State: $231,600
- Homeowners
- 100%
- Bachelor's degree or higher
- 41.8%
- Average commute
- 19 min
Is Wedgewood a good place to live?
Pros: Median household income 81% higher than the Michigan median; an average commute of 19 minutes.
Cons: Home values 39% higher than the state median.
The weather is best in June to September.
Cost of living in Wedgewood
Housing is the biggest part of the cost of living. In Wedgewood the median home value is $322,700, 3% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $1,935 a month in housing costs.
Wedgewood median household income
The median household income in Wedgewood is $131,563 and the income per person is $45,952. 0% of residents live below the poverty line (Michigan: 13.2%).
Housing in Wedgewood: homes for sale and rent
- Housing units
- 81
- Owner-occupied
- 100%
- Renter-occupied
- 0%
- Vacant
- 0%Includes seasonal homes
- Median year built
- 1995
- Average household size
- 2.36
Wedgewood demographics
- Population
- 241
- Median age
- 60.9
- Under 18
- 8.3%
- 65 and older
- 49.8%
- Households
- 81
- Foreign-born
- 4.1%
- Veterans
- 2.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Wedgewood ›
Education in Wedgewood
41.8% of adults 25 and older in Wedgewood have a bachelor's degree or higher (Michigan: 32.4%), and 28.1% have a graduate or professional degree.
Jobs and commute in Wedgewood
- Unemployment rate
- 0%State: 5.7%
- Average commute
- 19 minState: 24 min
- Work from home
- 17.7%
- Drive alone
- 59.4%
- Public transit
- 5.2%
- Walk to work
- 0%
- Homes with broadband
- 100%
Wedgewood vs nearby towns
More for people moving to Wedgewood
Wedgewood ZIP code ›Weather and climate ›Living in Wedgewood: FAQ
What is the median household income in Wedgewood, MI?
The median household income in Wedgewood is $131,563, 81% higher than the Michigan median of $72,875 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Wedgewood?
The median home value in Wedgewood is $322,700, compared with $231,600 in Michigan.
Is Wedgewood, MI a good place to live?
Pluses: median household income 81% higher than the Michigan median; an average commute of 19 minutes. Minuses: home values 39% higher than the state median.
What is the median age in Wedgewood?
The median age in Wedgewood is 60.9 years (Michigan: 40.2).
How long is the commute in Wedgewood?
The average commute to work in Wedgewood is 19 minutes; 17.7% of workers work from home.
What is the unemployment rate in Wedgewood?
The unemployment rate in Wedgewood is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Wedgewood?
41.8% of adults in Wedgewood have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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