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. Much of the housing stock in Wake Forest was built relatively recently. The construction of new real estate can often be taken as an indication that the local Wake Forest economy is robust, and that jobs or other amenities are attracting an influx of new residents. 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.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 10.70% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. 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.
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.