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.
- Other services (except public administration)
Other services (except public administration)
8 establishments
- Agriculture, forestry, fishing and hunting
Agriculture, forestry, fishing and hunting
6 establishments
- Construction
Construction
6 establishments
- Health care and social assistance
Health care and social assistance
6 establishments
- Retail trade
Retail trade
5 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, 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
Who lives in ZIP 49968?
48.9
Median Age
53.3%
Male
46.7%
Female
0.7%
Foreign-Born
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
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?
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
$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
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Frequently Asked Questions
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ZIP Code Research Guides
Official Data Resources for Wakefield, MI
Verify and explore additional data for this area using these official government sources.
Read our methodology to see how this data is sourced, computed, and verified.