Wake Forest is a medium-sized town located in the state of North Carolina. With a population of 45,629 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 $92,210.00.
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 88.99% of the workforce employed in white-collar jobs, well above the national average. Overall, Wake Forest is a town of professionals, managers, and sales and office workers. There are especially a lot of people living in Wake Forest who work in management occupations (15.83%), sales jobs (12.32%), and business and financial occupations (10.25%).
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.
Telecommuters are a relatively large percentage of the workforce: 12.04% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. 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.
Because of many things, Wake Forest is a very good place for families to consider. With an enviable combination of good schools, low crime, college-educated neighbors who tend to support education because of their own experiences, and a high rate of home ownership in predominantly single-family properties, Wake Forest really has some of the features that families look for when choosing a good community to raise children. Is Wake Forest perfect? Of course not, and if you like frenetic nightlife, it will be far from your cup of tea. But overall this is a solid community, with many things to recommend it as a family-friendly place to live.
In Wake Forest, however, the average commute to work is quite long. On average, people spend 31.59 minutes each day getting to work, which is significantly higher than the national average.
Do you like to read, write and learn? If you move to Wake Forest, you'll likely find that many of your neighbors like to as well. Wake Forest is one of the more educated communities in America, with a full 54.60% of its adults having a college degree or even advanced degree, compared to a national average across all communities of 21.84%.
The per capita income in Wake Forest in 2018 was $38,512, which is wealthy relative to North Carolina and the nation. This equates to an annual income of $154,048 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 German, English, Irish, Italian, and Polish.
The most common language spoken in Wake Forest is English. Other important languages spoken here include Spanish and African languages.