Income & Economy in Wolf Lake, MI
Household income, poverty rates, employment, and economic data — 2023 ACS Data
Income Overview
Source: U.S. Census Bureau ACS (2023)Median Household Income
$49,005
-33% vs national
Per Capita Income
$21,875
-41% vs national
Poverty Rate
14.6%
+7% vs national
Gini Index
0.3598
0 = perfect equality
Unemployment
11.7%
+124% vs national
SNAP Recipients
20.3%
of households
How Wolf Lake Compares
Source: Census ACS (2023)Wolf Lake vs Similar Cities
Source: Census ACS (2023)Compared to cities with under 10,000 residents. Wolf Lake is highlighted.
Median Household Income
Per Capita Income
Poverty Rate
Unemployment Rate
Where Do You Stack Up?
Enter your household income to see how you compare to other households in Wolf Lake. The median household income here is $49,005.
Income Distribution
Source: U.S. Census Bureau ACS (2023)Employment Snapshot
Source: U.S. Census Bureau ACS (2023)Unemployment Rate
11.7%
+108% vs MI avg
Labor Force
2,450
Employed
2,147
How People Get to Work
Source: Census ACS (2023)Education & Workforce
Source: U.S. Census Bureau ACS (2023)Bachelor's Degree+
3.8%
of adults 25+
High School Diploma+
30.9%
of adults 25+
Median Age
30.7
Work from Home
3.0%
of workers
The median household income in Wolf Lake, MI is $49,005, which is 33.1% below the national average of $73,224. Per capita income is $21,875. The poverty rate of 14.6% is higher than the MI state average of 14.1%. The Gini index of income inequality is 0.3598, where 0 represents perfect equality and 1 represents maximum inequality. The unemployment rate is 11.7%, compared to the state average of 5.6%. 3.8% of adults hold a bachelor's degree or higher.