Wake Forest is a medium-sized town located in the state of North Carolina. With a population of 44,046 people and eight constituent neighborhoods, Wake Forest is the 28th largest community in North Carolina. There's nothing like the smell of a brand new house, and in Wake Forest, you'll find that a large proportion of houses were recently built. New growth in residential real estate is an indication that people are choosing to move to Wake Forest, and putting down their money on brand new construction. Wake Forest’s real estate is, on average, some of the newest in the nation. Wake Forest does seem to be experiencing an influx of affluent people, because the median household income is $88,394.00.
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 90.19% 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 (14.78%), sales jobs (12.39%), and office and administrative support (10.31%).
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 11.48% 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.
Because of many things, Wake Forest is a great place for families with children to consider. First of all, many other families with children live here, making Wake Forest a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The town’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, Wake Forest has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, Wake Forest’s overall crime rate is lower than average for the country.
One downside of living in Wake Forest, however, is that residents on average have to contend with a long commute, spending on average 30.71 minutes every day commuting to work.
Do you have a 4-year college degree or graduate degree? If so, you may feel right at home in Wake Forest. 54.18% of adults here have a 4-year degree or graduate degree, whereas the national average for all cities and towns is just 21.84%.
The per capita income in Wake Forest in 2018 was $36,984, which is wealthy relative to North Carolina and the nation. This equates to an annual income of $147,936 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.