Living in Wolverine Lake, Michigan
Cost of living, income, home prices, rent and demographics of Wolverine Lake · Census data 2020–2024
Wolverine Lake has 4,487 residents with a median age of 41.7. The median household income is $92,247 (27% higher than the Michigan median), the median home value is $288,000, the median rent is $2,051/month.
Wolverine Lake at a glance
- Population
- 4,487
- Median age
- 41.7State: 40.2
- Median household income
- $92,247State: $72,875
- Median home value
- $288,000State: $231,600
- Median rent
- $2,051/moState: $1,129
- Homeowners
- 76.4%
- Bachelor's degree or higher
- 37.4%
- Average commute
- 24 min
Is Wolverine Lake a good place to live?
Pros: Median household income 27% higher than the Michigan median; an average commute of 24 minutes; unemployment of 2.8%; a poverty rate of 5.8%.
Cons: Home values 24% higher than the state median.
The weather is best in June to September.
Cost of living in Wolverine Lake
Housing is the biggest part of the cost of living. In Wolverine Lake the median home value is $288,000, 13% lower than the U.S. median. Renters pay a median of $2,051 per month, which is 33.3% of household income. Homeowners with a mortgage pay $1,668 a month in housing costs.
Wolverine Lake median household income
The median household income in Wolverine Lake is $92,247 and the income per person is $50,510. 5.8% of residents live below the poverty line (Michigan: 13.2%).
Housing in Wolverine Lake: homes for sale and rent
- Housing units
- 1,996
- Owner-occupied
- 76.4%
- Renter-occupied
- 23.6%
- Vacant
- 5.6%Includes seasonal homes
- Median year built
- 1975
- Average household size
- 2.38
Wolverine Lake demographics
- Population
- 4,487
- Median age
- 41.7
- Under 18
- 19.7%
- 65 and older
- 17.9%
- Households
- 1,885
- Foreign-born
- 5.7%
- Veterans
- 5.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Wolverine Lake ›
Education in Wolverine Lake
37.4% of adults 25 and older in Wolverine Lake have a bachelor's degree or higher (Michigan: 32.4%), and 11.4% have a graduate or professional degree.
Jobs and commute in Wolverine Lake
- Unemployment rate
- 2.8%State: 5.7%
- Average commute
- 24 minState: 24 min
- Work from home
- 14.6%
- Drive alone
- 80.6%
- Public transit
- 0%
- Walk to work
- 1.5%
- Homes with broadband
- 92.1%
Wolverine Lake vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Wolverine Lake | 4,487 | $92,247 | $288,000 | $2,051 |
| Walled Lake | 7,299 | $72,055 | $224,200 | $1,419 |
| Wixom | 17,295 | $65,485 | $365,200 | $1,035 |
| Novi | 66,717 | $110,723 | $421,900 | $1,747 |
| Orchard Lake Village | 2,238 | $206,667 | $737,000 | $936 |
| Milford | 6,487 | $105,713 | $363,700 | $1,173 |
| Farmington Hills | 83,515 | $104,836 | $354,500 | $1,551 |
| Keego Harbor | 2,747 | $64,896 | $255,900 | $1,194 |
| Northville | 6,069 | $145,530 | $465,400 | $1,623 |
More for people moving to Wolverine Lake
Wolverine Lake ZIP code ›Weather and climate ›Living in Wolverine Lake: FAQ
What is the median household income in Wolverine Lake, MI?
The median household income in Wolverine Lake is $92,247, 27% 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 Wolverine Lake?
The median home value in Wolverine Lake is $288,000, compared with $231,600 in Michigan.
How much is rent in Wolverine Lake?
The median gross rent in Wolverine Lake is $2,051 per month, about 33.3% of household income.
Is Wolverine Lake, MI a good place to live?
Pluses: median household income 27% higher than the Michigan median; an average commute of 24 minutes; unemployment of 2.8%; a poverty rate of 5.8%. Minuses: home values 24% higher than the state median.
What is the median age in Wolverine Lake?
The median age in Wolverine Lake is 41.7 years (Michigan: 40.2).
How long is the commute in Wolverine Lake?
The average commute to work in Wolverine Lake is 24 minutes; 14.6% of workers work from home.
What is the unemployment rate in Wolverine Lake?
The unemployment rate in Wolverine Lake is 2.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Wolverine Lake?
37.4% of adults in Wolverine Lake 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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