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CITY

Wedgewood

Michigan · 241 residents · 0.623 sq mi
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The short version

Wedgewood is significantly wealthier than the US average, with a median household income of $131,563. Population has declined 12% since 2023. Median home value is $322,700. With a median age of 60.9, the population is older than the US median of 38.9. Poverty is rare here, at 0.0% of residents. It ranks in the top 5% of US cities for household income.

At a glance
Wealthier
above the US median
US median: $82,259
Older
median age 60.9
US median: 38.9
More educated
42% hold a bachelor's degree
US average: 36%
Stable housing
home values roughly flat, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
241
−12%since 2023
from 273 in 2023
2010 – 2024
Population density
387 / sq mi
−12%since 2023
from 438 / sq mi in 2023
US average: 281
Median age
60.9
+4%since 2023
from 58.4 in 2023
US average: 38.9
Population, 2010 – 2024
169199229259289201020202024Wedgewood
2024241
201020202024
Section 02

Income & economy

Median household income
$131,563
−4%inflation adjusted, since 2023
from $133,125 in 2023
US average: $82,259
2010 – 2024
Per capita income
$45,952
+5%since 2023
from $43,723 in 2023
US average: $44,673
Households earning $100K+
67.9%
+4.9 ptssince 2023
from 63.0% in 2023
US average: 53.3%
Poverty rate
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 12.5%
Income inequality (Gini)
0.309
−5%since 2023
from 0.326 in 2023
US average: 0.476
Workforce by industry, 2024
Arts, entertainment, food24%
US avg: 1.9%
Information17.7%
US avg: 10.8%
Wholesale trade8.3%
US avg: 6.9%
Other services7.3%
US avg: 6.7%
Public administration7.3%
US avg: 4.8%
Transportation & warehousing6.3%
US avg: 2.2%
Agriculture, forestry, fishing0%
US avg: 1.6%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.4%
Retail trade0%
US avg: 9.9%
Finance & insurance0%
US avg: 5.9%
Professional, scientific, technical0%
US avg: 5.1%
Education & health services0%
US avg: 0.9%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$322,700
+4%inflation adjusted, since 2023
from $300,000 in 2023
US average: $376,019
2010 – 2024
Owner-occupied
100.0%
Unchangedsince 2023
from 100.0% in 2023
0.0% rent
Vacancy rate
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 10.0%
Owner cost-burdened
32.1%
+4.9 ptssince 2023
from 27.2% in 2023
US average: 22.9%
Afford Score
2.5
+9%since 2023
from 2.3 in 2023
2010 – 2024
Gentrification Score
31
RELATED:See current rent listings in Wedgewood on RentDataNow
Section 04

Race & ethnicity

2023
White, non-Hispanic94.1%(257)
Black5.9%(16)
Hispanic / Latino0%(0)
Asian0%(0)
Other0%(0)
Diversity Score13.8%(38)
2024
White, non-Hispanic89.6%(216)
Black10.4%(25)
Hispanic / Latino0%(0)
Asian0%(0)
Other0%(0)
Diversity Score23.2%(56)
Diversity Score
23
+69%since 2023
from 14 in 2023
2010 – 2024
Section 05

Education

Bachelor's degree or higher
41.8%
−1.8 ptssince 2023
from 43.6% in 2023
US average: 35.6%
High school or higher
92.9%
−5.2 ptssince 2023
from 98.0% in 2023
US average: 89.6%
Graduate degree
28.1%
+3.6 ptssince 2023
from 24.5% in 2023
US average: 14.0%
Section 06

Commute & transportation

Average commute
19.1 min
+9%since 2023
from 17.5 min in 2023
US average: 26.5
Drive alone to work
59.4%
+13.5 ptssince 2023
from 45.9% in 2023
US average: 68.9%
Carpooled to work
17.7%
−2.5 ptssince 2023
from 20.2% in 2023
US average: 8.5%
Public transit
5.2%
−0.3 ptssince 2023
from 5.5% in 2023
US average: 3.2%
Worked from home
17.7%
−2.5 ptssince 2023
from 20.2% in 2023
US average: 15.0%
Walked to work
0.0%
−8.3 ptssince 2023
from 8.3% in 2023
US average: 2.4%
Biked to work
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 0.4%
No vehicle available
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 8.3%
Section 07

Work & employment

Unemployment rate
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 5.2%
Labor force participation
41.6%
−3.9 ptssince 2023
from 45.4% in 2023
US average: 63.5%
Self-employed
8.3%
−5.4 ptssince 2023
from 13.8% in 2023
US average: 13.1%
Management & professional
66.7%
+8.0 ptssince 2023
from 58.7% in 2023
US average: 42.5%
Section 08

People & community

Male
45.2%
+1.3 ptssince 2023
from 44.0% in 2023
Female
54.8%
−1.3 ptssince 2023
from 56.0% in 2023
Foreign born
4.1%
+1.2 ptssince 2023
from 2.9% in 2023
US average: 14.1%
Veterans
2.7%
−1.3 ptssince 2023
from 4.0% in 2023
US average: 6.2%
With a disability
19.4%
+6.1 ptssince 2023
from 13.3% in 2023
US average: 13.3%
Uninsured
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 8.4%
Broadband at home
100.0%
+4.3 ptssince 2023
from 95.7% in 2023
US average: 91.0%
English only at home
100.0%
Unchangedsince 2023
from 100.0% in 2023
US average: 77.7%
Spanish at home
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 13.6%
Drill deeper

Places similar to Wedgewood

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Pop 232
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Culloden
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Head to head

Compare Wedgewood to nearby cities

WEDGEWOOD VS
Cadillac
Income$51,773−61%
Home value$134,300−58%
Population10,438+4231%
SEE FULL COMPARISON →
WEDGEWOOD VS
Big Rapids
Income$43,858−67%
Home value$156,400−52%
Population8,623+3478%
SEE FULL COMPARISON →
WEDGEWOOD VS
Traverse City
Income$74,087−44%
Home value$415,400+29%
Population15,832+6469%
SEE FULL COMPARISON →
WEDGEWOOD VS
Mount Pleasant
Income$44,706−66%
Home value$173,100−46%
Population20,925+8583%
SEE FULL COMPARISON →
Frequently asked

How many people live in Wedgewood, Michigan?

Wedgewood, Michigan has about 241 residents according to the 2024 American Community Survey.

What is the median household income in Wedgewood, Michigan?

The typical household in Wedgewood, Michigan earns about $131,563 a year. Half of households make more than that, and half make less.

Is Wedgewood, Michigan expensive?

In Wedgewood, Michigan, the median home is worth about $322,700.

How educated are people in Wedgewood, Michigan?

About 41.8% of adults age 25 and over in Wedgewood, Michigan hold a bachelor's degree or higher.

What is the poverty rate in Wedgewood, Michigan?

About 0.0% of people in Wedgewood, Michigan live below the federal poverty line.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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