Cost of Living in Wolf Lake, MI
Population 4,802 · Michigan · Data vintage 2023
(100 = US avg)
Under 25,000 residents gives Wolf Lake a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $100,000. Unemployment has stayed elevated relative to the national figure — 11.7% as of the most recent ACS release — which shows up in household-income and poverty figures as well.
Geographically, Wolf Lake is about 30 miles northwest of Grand Rapids, the nearest large metro. Median home values run roughly 56% lower than Grand Rapids' $226,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Wolf Lake
The median home value in Wolf Lake is $99,800 — 67% below the national median of $305,000. Median rent runs $992/month, 25% lower than the national median of $1,314/month. The median household income of $49,005/year is 34% lower than the US median of $74,580. The local unemployment rate is 11.7%, above the national average of 4.8%. Michigan's top state income tax rate is 4.3% and the combined sales tax is 6.0%. The climate averages highs of 57.9°F and lows of 40.9°F, with about 87.2" of annual snowfall. Overall, Wolf Lake has a cost of living index of 50 versus the US average of 100, meaning it is 50% less expensive.
Wolf Lake has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 33 | 35 | 44 | 57 | 68 | 78 | 82 | 80 | 73 | 61 | 48 | 37 |
| Low °F | 21 | 21 | 27 | 37 | 48 | 57 | 62 | 61 | 54 | 43 | 34 | 26 |
| Precip" | 2.42 | 2.11 | 2.40 | 3.47 | 3.38 | 3.05 | 2.75 | 3.10 | 3.26 | 3.80 | 2.92 | 2.42 |
| Snow" | 29.1 | 20.0 | 7.5 | 1.8 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 6.5 | 22.3 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Wolf Lake, MI?
Wolf Lake has a cost index of 50 (100 = national average). It is 50% below the national average.
What is average rent in Wolf Lake, MI?
The median gross rent in Wolf Lake is $992 per month based on 2023 Census data.
What is the average home price in Wolf Lake?
The median home value in Wolf Lake is $99,800 according to Zillow and Census data.
What is the median income in Wolf Lake?
The median household income in Wolf Lake is $49,005 per year (2023 ACS 5-year estimates).
What is the sales tax in Wolf Lake, MI?
The combined state and local sales tax rate in Wolf Lake is 6.0%. The Michigan state income tax top rate is 4.3%.
Is Wolf Lake, MI affordable?
Yes, Wolf Lake is generally considered affordable, with a cost of living index of 50 — about 50% below the US national average of 100.
What is the weather like in Wolf Lake?
Wolf Lake has average high temperatures of 57.9°F and average lows of 40.9°F. Annual precipitation is 35.1". Average annual snowfall is 87.2". Data from NOAA 1991–2020 Climate Normals.
Wolf Lake at a Glance
- Population
- 4,802
- Median Income
- $49,005
- Home Value
- $99,800
- Median Rent
- $992/mo
- Unemployment
- 11.7%
- Avg High Temp
- 57.9°F
- Sales Tax
- 6.0%
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Michigan Rankings
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