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The total population of Wakefield is estimated to be 1,554 with 885 males (56.95%) and 669 females (43.05%). There are 216 less females than males in Wakefield.
The median household income in Wakefield was $42,645 in 2021, which marked an an increase of 1,641(4%) from $41,004 in 2020. This income is 57.16% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Wakefield sees its highest median household income among householders in the age group of 45 to 64 years old, at $51,006. Overall, the median household income for the city of Wakefield stands at $42,645.
In Wakefield, the median income for all workers aged 15 years and older, regardless of work hours, was $38,696 for males and $20,755 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $57,809 for males and $34,342 for females.
In Wakefield, population is primarily represented by White households, reporting a median income of $42,687.
In 2022, the population of Wakefield was 1,695, a 0.29% decrease year-by-year from 2021. Previously, in 2021, Wakefield's population was 1,700, a decline of 0.12% compared to a population of 1,702 in 2020.
The median age in Wakefield, MI is 41.9, as per 2021 ACS 5-Year Estimates. Of the total population, 17.17% were under the age of 15, 11.24% aged 15 to 29, 47.87% aged 30 to 64, 18.34% aged 65 to 84, and 5.37% were 85 years of age and older.
Racial distribution of Wakefield population: 96.05% are White, 0.37% are American Indian and Alaska Native, 0.43% are Asian and 3.15% are multiracial.