| Index | Wakefield | Michigan | National |
| Cost of living | 81 | 91 | 100 |
| Goods & Services | 103 | 96 | 100 |
| Groceries | 98 | 99 | 100 |
| Health care | 99 | 92 | 100 |
| Housing | 38 | 76 | 100 |
| Transportation | 98 | 100 | 100 |
| Utilities | 94 | 97 | 100 |


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| Cost of living index | |
| Goods & Services index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $60,646 | $5,054 | $1,415 | $1,820 |
| Renters | $24,719 | $2,060 | $577 | $742 |
| State | General Sales Tax | With Max Surtax |
| Michigan | 6% | 6% |
| State | Income Tax (Low) | Income Tax (High) |
| Michigan | 4.25% | 4.25% |
| Item | Wakefield | National avg. | Difference |
| Haircut | $26.18 | $27.62 | 5.2% |
| Beauty Salon | $51.76 | $51.11 | 1.3% |
| Toothpaste | $3.99 | $4.09 | 2.5% |
| Shampoo | $1.54 | $1.54 | 0.1% |
| Movie | $10.26 | $12.88 | 20.3% |
| Yoga | $16.03 | $19.66 | 18.5% |
| Item | Wakefield | National avg. | Difference |
| Ground Beef | $7.52 | $7.70 | 2.4% |
| Fried Chicken | $1.53 | $1.66 | 8.0% |
| Milk | $4.68 | $4.73 | 1.1% |
| Potatoes | $5.07 | $5.26 | 3.5% |
| Pizza | $11.49 | $12.76 | 10.0% |
| Beer | $9.02 | $10.55 | 14.5% |
| Item | Wakefield | National avg. | Difference |
| Optometrist | $129.61 | $140.06 | 7.5% |
| Doctor | $198.58 | $153.82 | 29.1% |
| Dentist | $112.07 | $123.15 | 9.0% |
| Ibuprofen | $11.67 | $11.73 | 0.5% |
| Lipitor | $18.05 | $23.61 | 23.6% |
| Item | Wakefield | National avg. | Difference |
| Home Price | $96,367.00 | $326,622.00 | 70.5% |
| Avg. Mortgage Payment | $2,328.00 | $2,480.25 | 6.1% |
| Apartment Rent | $815.00 | $1,444.00 | 43.6% |
| Item | Wakefield | National avg. | Difference |
| Gasoline | $2.85 | $3.06 | 6.6% |
| Tire Balancing | $71.18 | $65.21 | 9.2% |
| Item | Wakefield | National avg. | Difference |
| All Electricity | $201.71 | $220.12 | 8.4% |
| Phone | $190.02 | $195.71 | 2.9% |
| City | Population | Cost of Living Index | National Avg. |
| Marenisco, MI | 186 | 77 | 22.9% |
| Ironwood, MI | 5,076 | 80 | 19.7% |
| Hurley, WI | 1,434 | 81 | 18.6% |
| Bessemer, MI | 1,701 | 83 | 17.0% |
| Montreal, WI | 723 | 84 | 15.7% |
| Wakefield, MI | 1,720 | 81 | 18.9% |
| City | Population | Cost of Living Index | National Avg. |
| Cedar Bluff, AL | 1,720 | 82 | 18.4% |
| Oriole Beach, FL | 1,720 | 111 | 10.8% |
| Olivet, MI | 1,720 | 87 | 13.1% |
| Yacolt, WA | 1,720 | 118 | 18.1% |
| Plainville, KS | 1,721 | 80 | 20.4% |
| Wakefield, MI | 1,720 | 81 | 18.9% |