Wake Forest is a medium-sized town located in the state of North Carolina. With a population of 40,112 people and eight constituent neighborhoods, Wake Forest is the 28th largest community in North Carolina. Wake Forest has seen a significant amount of newer housing growth in recent years. Quite often, new home construction is the result of new residents moving in who are middle class or wealthier, attracted by jobs, a healthy local economy, or other amenities as they leave nearby or far away areas for greener pastures. This seems to be the case in Wake Forest, where the median household income is $81,200.00.
Wake Forest real estate is some of the most expensive in North Carolina, although Wake Forest house values don't compare to the most expensive real estate in the U.S.
Wake Forest is a decidedly white-collar town, with fully 90.83% of the workforce employed in white-collar jobs, well above the national average. Overall, Wake Forest is a town of professionals, sales and office workers, and managers. There are especially a lot of people living in Wake Forest who work in management occupations (16.02%), sales jobs (14.21%), and office and administrative support (11.19%).
Also of interest is that Wake Forest has more people living here who work in computers and math than 95% of the places in the US.
A relatively large number of people in Wake Forest telecommute to their jobs. Overall, about 10.70% of the workforce works from home. While this may seem like a small number, as a fraction of the total workforce it ranks among the highest in the country. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
For the size of the town, public transportation in Wake Forest is quite heavily used. Mostly, people who use it for their daily commute are taking the bus. For Wake Forest, the benefits are reduced air pollution and congestion on the highways.
If knowledge is power, Wake Forest is a pretty powerful place. 54.01% of the adults in Wake Forest have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.
The per capita income in Wake Forest in 2010 was $33,696, which is wealthy relative to North Carolina and the nation. This equates to an annual income of $134,784 for a family of four. However, Wake Forest contains both very wealthy and poor people as well.
Wake Forest is a very ethnically-diverse town. The people who call Wake Forest home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Wake Forest residents report their race to be White, followed by Black or African-American. Important ancestries of people in Wake Forest include Irish, English, Italian, and Polish.
The most common language spoken in Wake Forest is English. Other important languages spoken here include Spanish and African languages.