Wakefield is located in northwest Michigan. Wakefield is part of Gogebic County. Wakefield has 8.02 square miles of land area and 0.57 square miles of water area. As of 2010-2014, the total Wakefield population is 1,837, which has shrunk 11.89% since 2000. The population growth rate is much lower than the state average rate of -0.50% and is much lower than the national average rate of 11.61%. Wakefield median household income is $35,806 in 2010-2014 and has grown by 41.15% since 2000. The income growth rate is much higher than the state average rate of 9.90% and is much higher than the national average rate of 27.36%. Wakefield median house value is $54,300 in 2010-2014 and has grown by 55.14% since 2000. The house value growth rate is much higher than the state average rate of 3.98% and is higher than the national average rate of 46.91%. As a reference, the national Consumer Price Index (CPI) inflation rate for the same period is 26.63%. On average, the public school district that covers Wakefield is close to the state average in quality. The Wakefield area code is 906.