Cost of living in Wakefield, MI

Wakefield is a Census city in Gogebic County, MI. ACS 2024 5-year population is 1,683. Median gross rent is $649 (ACS 2024 5-year, this place). Median home value is $79,100. Median household income is $55,759. Insurance is the NAIC state average; food is a USDA plan — no town indexes.