Wayland, Michigan Median Income

Wayland, Michigan has a population of 4,300, with a median household income of $68,200.

Current median income data for Wayland.

$68,200

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Population

4,300

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Median Income

$68,200

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Unemployment

5.10%

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Housing Price

$266,000

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Crime Rate

4.70

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Internet Speed

200.00 Mbps

Wayland is a small local community located in Michigan. The city has a population that is below the average city population in Michigan, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Wayland is a notable city in Michigan, offering a mix of population dynamics, economic indicators, and housing trends.

Population Overview

Wayland has a population of 4,300, which is below the state average. This suggests a smaller and more localized community environment.

Income and Economy

The median household income in Wayland is $68,200, which is above the state average. This reflects stronger earning potential and economic stability.

Housing Market

Housing prices in Wayland average around $266,000, which is relatively high compared to other cities in Michigan.

Employment and Safety

The unemployment rate in Wayland is 5.10%, which is lower than the state average, indicating a relatively strong job market. Wayland has a lower crime rate than the state average, contributing to a relatively safer living environment.

City Comparison

Compared to other cities in Michigan, Wayland shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

Overall, Wayland offers a balanced mix of economic conditions, population trends, and housing opportunities within Michigan.

Frequently Asked Questions about Wayland

What is the population of Wayland?

The population of Wayland is approximately 4,300.

Is Wayland a good place to live?

Wayland offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Wayland?

The median household income in Wayland is around $68,200.

How expensive is housing in Wayland?

The average housing price in Wayland is approximately $266,000.