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
National ZIP placement
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.
- 22nd 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 covers 642.0 square miles in Wakefield, Gogebic County, Michigan (a standard USPS delivery area), with a modest 2,247 residents on file, a density of 4 people per square mile, in the Menominee time zone.
ZIP 49968 reports a modest median household income of $55,759 (24% below the average Michigan ZIP), while per-capita income is $36,767. The poverty rate is 13.0%, with unemployment at 3.6%; those measures add context to the income figure. Home values sit below the statewide ZIP benchmark: the median is $91,800 (58% below the average Michigan ZIP), and median rent is $656; owner occupancy is 85.0%.
Educational attainment sits below the national norm: 17.6% of adults hold a bachelor's degree or higher, the median age is 48.9, and the average commute is 24 minutes. The page also surfaces 1 ZIP codes within roughly 10 miles and 5 more in Gogebic County, so 49968 can be compared with both its immediate and county-level context.
Every figure on this page is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates (including median rent) and the FHFA House Price Index, no estimates, no proprietary scoring. Verify with Census →
Top industries in ZIP 49968
Top 5 sectors by establishment count in Wakefield, MI
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 + FHFA HPI ACS demographics and median rent, ZBP business establishments, 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; 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 ZIP avg
$36,767
Per Capita Income
13.0%
Poverty Rate
3.6%
Unemployment Rate
23.6 min
Mean Commute Time
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?
Housing stock: occupied vs vacant
1,379housing units
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 ZIP avg
$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 |
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 49968, both outside MI so the neighborhoods are not geographic containment (Nearby and same-county blocks stay local).
Similar population
Nearest cross-state ZIPs by resident population (2,247 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.