In February 2007 Wolverine Lake and Walled Lake agreed to share police services; Walled Lake took responsibility for dispatch services, and all police operations in Wolverine Lake were moved to Walled Lake. In June of 2010 Wolverine Lake brought back its own police department, separating from Walled Lake and began to be dispatched by the Oakland County Sheriff's Department.
As of the census of 2010, there were 4,312 people, 1,733 households, and 1,214 families living in the village. The population density was. There were 1,840 housing units at an average density of. The racial makeup of the village was 95.9% White, 0.7% African American, 0.4% Native American, 1.2% Asian, 0.4% from other races, and 1.4% from two or more races. Hispanic or Latino of any race were 2.4% of the population. There were 1,733 households of which 31.4% had children under the age of 18 living with them, 55.7% were married couplesliving together, 9.2% had a female householder with no husband present, 5.1% had a male householder with no wife present, and 29.9% were non-families. 24.1% of all households were made up of individuals and 5.6% had someone living alone who was 65 years of age or older. The average household size was 2.49 and the average family size was 2.95. The median age in the village was 42.7 years. 21.6% of residents were under the age of 18; 7.3% were between the ages of 18 and 24; 25.2% were from 25 to 44; 34.3% were from 45 to 64; and 11.6% were 65 years of age or older. The gender makeup of the village was 51.6% male and 48.4% female.
2000 census
As of the census of 2000, there were 4,415 people, 1,671 households, and 1,253 families living in the village. The population density was 3,391.9 per square mile. There were 1,733 housing units at an average density of 1,331.4 per square mile. The racial makeup of the village was 97.76% White, 0.41% African American, 0.11% Native American, 0.59% Asian, 0.07% Pacific Islander, 0.25% from other races, and 0.82% from two or more races. Hispanic or Latino of any race were 1.04% of the population. There were 1,671 households out of which 35.8% had children under the age of 18 living with them, 63.9% were married couples living together, 7.5% had a female householder with no husband present, and 25.0% were non-families. 20.0% of all households were made up of individuals and 5.2% had someone living alone who was 65 years of age or older. The average household size was 2.64 and the average family size was 3.06. In the village, the population was spread out with 25.5% under the age of 18, 6.0% from 18 to 24, 33.2% from 25 to 44, 27.8% from 45 to 64, and 7.5% who were 65 years of age or older. The median age was 38 years. For every 100 females, there were 103.1 males. For every 100 females age 18 and over, there were 102.2 males. The median income for a household in the village was $65,682, and the median income for a family was $70,893. Males had a median income of $50,054 versus $32,342 for females. The per capita income for the village was $30,026. About 2.2% of families and 2.7% of the population were below the poverty line, including 3.0% of those under age 18 and 4.1% of those age 65 or over.
Events
Every year on July 3, the village holds "Tiki night" which has become a local holiday of sorts. In recent years the village, through public donations has put on a firework display in the middle of the lake. All of the waterfront properties place Tiki torches 6–8 feet apart across the entire waterfront, thus the name. The estimated attendance for this event is well over 8,000 people.
