Wakefield, MI · standard

ZIP Code 49968

Gogebic County, Michigan - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.

2,247
4/sq mi
$55,759
Median income
$91,800
Median home value
17.6%
Bachelor's or higher

The verdict

Wakefield pairs one of the lowest household incomes in the country with among the most affordable home values nationally, in a rural, homeowner-dominated area.

22th pct
household income, US ZIPs
7th pct
home value, US ZIPs
4
people per sq mi
85%
owner-occupied homes

Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 49968 against every reporting US ZIP.

ZIP code 49968 is classified by USPS as a standard delivery area and covers roughly 642.0 square miles in Wakefield, Gogebic County, Michigan. The area is home to 2,247 residents, producing a population density of 4 people per square mile, and falls within the Menominee time zone. These USPS and Census boundary values drive every downstream statistic on this page, including the benchmarks that compare 49968 against Michigan and the nation.

On the economic side, the median household income for ZIP 49968 sits at $55,759 (24% below the Michigan average), while per-capita income is $36,767. The poverty rate stands at 13.0% and the unemployment rate at 3.6%. On housing, the median home value is $91,800 (58% below the state average) with median rent at $656 per month, and 85.0% of occupied units are owner-occupied, a direct signal of whether 49968 behaves more like a homeowner neighborhood or a renter-heavy ZIP.

Education and household profile round out the picture: 17.6% of adults hold a bachelor's degree or higher, the median age is 48.9, and the average commute is 24 minutes. We also surface 1 nearby ZIP codes within roughly 10 miles and 5 additional ZIPs sharing Gogebic County, so you can benchmark 49968 against its immediate geography rather than a national average alone. Every figure is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates, HUD Fair Market Rents, and FHFA Home Price Index data, no estimates, no proprietary scoring. Verify with HUD →

Top industries in ZIP 49968

Top 5 sectors by establishment count

Which industries have the most business establishments in ZIP 49968.

establishments

What this shows Establishment counts come from the Census ZIP Code Business Patterns program, which counts physical business locations rather than employees or revenue.

Source U.S. Census Bureau · ZIP Code Business Patterns (ZBP) As of 2023

Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + HUD FMR + FHFA HPI ACS demographics, ZBP business establishments, HUD Fair Market Rents, FHFA HPI for ZIP 49968, Wakefield, MI · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; HUD FMR + FHFA HPI updated quarterly/annually.

Quick Facts

2,247

Population

642.0

Area (sq mi)

4

People / sq mi

Menominee

Time Zone

standard

ZIP Type

Neighborhood Scorecard
Get an A-F grade across income, safety, housing, rent, education, commute, and childcare for this ZIP code.
View Scorecard →

Who lives in ZIP 49968?

48.9

Median Age

53.3%

Male

46.7%

Female

0.7%

Foreign-Born

White 94.6%
African American 0.1%
Asian 0.7%
American Indian or Alaska Native 0.5%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 4.1%
Hispanic or Latino 0.4%

Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

How much do residents earn?

$55,759

Median Household Income

-24% vs state

$36,767

Per Capita Income

13.0%

Poverty Rate

3.6%

Unemployment Rate

23.6 min

Mean Commute Time

How ZIP 49968 ranks nationally

Household income vs. every US ZIP code

Median household income — the full national distribution, with this ZIP marked

$55,759 22nd percentile higher than 22% of 30,318 US ZIPs

$0–$20,000: 118 US ZIPs (0%). Below this entry. $20,000–$40,000: 1,573 US ZIPs (5%). Below this entry. $40,000–$60,000: 7,092 US ZIPs (23%). This entry sits in this band. $60,000–$80,000: 9,980 US ZIPs (33%). Above this entry. $80,000–$100,000: 5,778 US ZIPs (19%). Above this entry. $100,000–$120,000: 2,855 US ZIPs (9%). Above this entry. $120,000–$140,000: 1,362 US ZIPs (4%). Above this entry. $140,000–$160,000: 686 US ZIPs (2%). Above this entry. $160,000–$180,000: 364 US ZIPs (1%). Above this entry. $180,000–$200,000: 186 US ZIPs (1%). Above this entry. $200,000–$220,000: 324 US ZIPs (1%). Above this entry. This ZIP $0 $200K+ every reporting US ZIP, bucketed by value

Each bar is a $20K-wide band; taller bars hold more US ZIPs. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.

Source U.S. Census Bureau — ACS 5-Year Estimates · 2019–2023

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What is the education profile here?

High School Graduate or Higher 56.9%
Bachelor's Degree or Higher 17.6%

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What does housing look like?

1,379

Total Housing Units

975

Occupied Units

404

Vacant Units

2.14

Avg Household Size

Occupancy Type

Owner 85.0%
Renter 15.0%

$91,800

Median Home Value

-58% vs state

$656

Median Rent

1952

Median Year Built

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What businesses operate in this ZIP?

Census Bureau data shows 54 business establishments in ZIP 49968, employing approximately 481 people with a combined annual payroll of $18,523,000.

54

Businesses

481

Employees

$18.5M

Annual Payroll

10

Industry Sectors

Industry Establishments % of Total
Other services (except public administration) 8 14.8%
Agriculture, forestry, fishing and hunting 6 11.1%
Construction 6 11.1%
Health care and social assistance 6 11.1%
Retail trade 5 9.3%
Manufacturing 4 7.4%
Wholesale trade 3 5.6%
Transportation and warehousing 3 5.6%
Finance and insurance 3 5.6%
Accommodation and food services 3 5.6%

Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.

Nearby ZIP Codes

Want a side-by-side? Compare 49968 vs 49959 →

ZIP Code City Population Distance
49959 Ramsay, MI 344 5.2 mi

More ZIP Codes in Gogebic County

Frequently Asked Questions

What county is ZIP code 49968 in?
ZIP code 49968 (Wakefield) is located in Gogebic County, Michigan. Gogebic County contains multiple ZIP codes, see the full list at /counties/gogebic-mi.
What is the population of ZIP code 49968?
ZIP code 49968 in Wakefield, MI has a population of 2,247 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 49968?
The median household income in ZIP 49968 is $55,759, which is 27% below the national average of $76,288.
What is the average home value in ZIP 49968?
The median home value in ZIP 49968 is $91,800, which is 67% below the national average of $278,155.
What is the demographic makeup of ZIP 49968?
The largest racial group in ZIP 49968 is White at 94.6%. Hispanic or Latino residents make up 0.4% of the population.
How many businesses are in ZIP code 49968?
ZIP code 49968 has 54 business establishments employing approximately 481 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 49968?
The top industries by establishment count in ZIP 49968 are: Other services (except public administration) (8), Agriculture, forestry, fishing and hunting (6), Construction (6). There are 10 industry sectors represented in total.
What is the education level in ZIP code 49968?
In ZIP code 49968, 56.9% of residents aged 25+ have a high school diploma or higher, and 17.6% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What is the average commute time in ZIP 49968?
The mean commute time for workers in ZIP code 49968 is 23.6 minutes according to Census ACS data. The national average is roughly 26 minutes, so commuters here spend less time traveling to work than typical.
What percentage of residents own vs. rent in ZIP 49968?
In ZIP code 49968, approximately 85.0% of occupied housing units are owner-occupied and 15.0% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 49968?
The poverty rate in ZIP code 49968 is 13.0% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.

ZIP Code Research Guides

Official Data Resources for Wakefield, MI

Verify and explore additional data for this area using these official government sources.