Living in Wakeman, Ohio
Cost of living, income, home prices, rent and demographics of Wakeman · Census data 2020–2024
Wakeman has 1,101 residents with a median age of 32.6. The median household income is $72,396 (about the same as the Ohio median), the median home value is $196,300, the median rent is $816/month.
Wakeman is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Wakeman at a glance
- Population
- 1,101
- Median age
- 32.6State: 39.7
- Median household income
- $72,396State: $71,389
- Median home value
- $196,300State: $214,800
- Median rent
- $816/moState: $1,034
- Homeowners
- 77.3%
- Bachelor's degree or higher
- 15.9%
- Average commute
- 28 min
Is Wakeman a good place to live?
Pros: Median household income about the same as the Ohio median; home values 9% lower than the state median; unemployment of 3.1%; a poverty rate of 7.9%.
Cons: An average commute of 28 minutes.
The weather is best in June to September.
Cost of living in Wakeman
Housing is the biggest part of the cost of living. In Wakeman the median home value is $196,300, 41% lower than the U.S. median. Renters pay a median of $816 per month, which is 25% of household income. Homeowners with a mortgage pay $1,505 a month in housing costs.
Wakeman median household income
The median household income in Wakeman is $72,396 and the income per person is $32,492. 7.9% of residents live below the poverty line (Ohio: 13.3%).
Housing in Wakeman: homes for sale and rent
- Housing units
- 459
- Owner-occupied
- 77.3%
- Renter-occupied
- 22.7%
- Vacant
- 7.8%Includes seasonal homes
- Median year built
- 1965
- Average household size
- 2.60
Wakeman demographics
- Population
- 1,101
- Median age
- 32.6
- Under 18
- 37.1%
- 65 and older
- 15.6%
- Households
- 423
- Foreign-born
- 1.7%
- Veterans
- 8.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Wakeman ›
Education in Wakeman
15.9% of adults 25 and older in Wakeman have a bachelor's degree or higher (Ohio: 31.5%), and 2.7% have a graduate or professional degree.
Jobs and commute in Wakeman
- Unemployment rate
- 3.1%State: 4.8%
- Average commute
- 28 minState: 23 min
- Work from home
- 5%
- Drive alone
- 88.6%
- Public transit
- 0%
- Walk to work
- 1%
- Homes with broadband
- 89.8%
Wakeman vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Wakeman | 1,101 | $72,396 | $196,300 | $816 |
| Collins | 430 | $51,400 | $191,200 | — |
| Kipton | 251 | $69,107 | $140,600 | $950 |
| Berlin Heights | 1,089 | $93,417 | $177,900 | $964 |
| Oberlin | 8,329 | $81,308 | $225,600 | $995 |
| Mitiwanga | 228 | $78,651 | $284,400 | $727 |
| Beulah Beach | 126 | $49,286 | — | — |
| Rochester | 188 | $59,861 | $136,400 | — |
| Milan | 1,774 | $97,973 | $193,100 | $973 |
More for people moving to Wakeman
Wakeman ZIP code ›Weather and climate ›Living in Wakeman: FAQ
What is the median household income in Wakeman, OH?
The median household income in Wakeman is $72,396, about the same as the Ohio median of $71,389 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Wakeman?
The median home value in Wakeman is $196,300, compared with $214,800 in Ohio.
How much is rent in Wakeman?
The median gross rent in Wakeman is $816 per month, about 25% of household income.
Is Wakeman, OH a good place to live?
Pluses: median household income about the same as the Ohio median; home values 9% lower than the state median; unemployment of 3.1%; a poverty rate of 7.9%. Minuses: an average commute of 28 minutes.
What is the median age in Wakeman?
The median age in Wakeman is 32.6 years (Ohio: 39.7).
How long is the commute in Wakeman?
The average commute to work in Wakeman is 28 minutes; 5% of workers work from home.
What is the unemployment rate in Wakeman?
The unemployment rate in Wakeman is 3.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Wakeman?
15.9% of adults in Wakeman 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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