Wake Forest, NC

Census Place

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2022 Population

48,047

3.58% 1-year growth

2022 Median Age

1.04% 1-year increase

2022 Poverty Rate

3.02%

8.02% 1-year decrease

2022 Median Household Income

$115,159

10.7% 1-year growth

2022 Median Property Value

$397,300

21.1% 1-year growth

2022 Employed Population

24,330

5.26% 1-year growth

About

In 2022, Wake Forest, NC had a population of 48k people with a median age of 39 and a median household income of $115,159. Between 2021 and 2022 the population of Wake Forest, NC grew from 46,387 to 48,047, a 3.58% increase and its median household income grew from $104,006 to $115,159, a 10.7% increase.

The 5 largest ethnic groups in Wake Forest, NC are White (Non-Hispanic) (67.4%), Black or African American (Non-Hispanic) (17.9%), Two+ (Non-Hispanic) (4.15%), Two+ (Hispanic) (3.13%), and Other (Hispanic) (2.61%).

None of the households in Wake Forest, NC reported speaking a non-English language at home as their primary shared language. This does not consider the potential multi-lingual nature of households, but only the primary self-reported language spoken by all members of the household.

97.6% of the residents in Wake Forest, NC are U.S. citizens.

The largest universities in Wake Forest, NC are Southeastern Baptist Theological Seminary (570 degrees awarded in 2022).

In 2022, the median property value in Wake Forest, NC was $397,300, and the homeownership rate was 73.5%.

Most people in Wake Forest, NC drove alone to work, and the average commute time was 31.7 minutes. The average car ownership in Wake Forest, NC was 2 cars per household.

United States

Population & Diversity

Wake Forest, NC is home to a population of 48k people, from which 97.6% are citizens. As of 2022, 7.08% of Wake Forest, NC residents were born outside of the country (3.4k people).

In 2022, there were 3.77 times more White (Non-Hispanic) residents (32.4k people) in Wake Forest, NC than any other race or ethnicity. There were 8.6k Black or African American (Non-Hispanic) and 2k Two+ (Non-Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

97.6%

2022 Citizenship

97.6%

2021 Citizenship

As of 2022, 97.6% of Wake Forest, NC residents were US citizens, which is higher than the national average of 93.5%. In 2021, the percentage of US citizens in Wake Forest, NC was 97.6%, meaning that the rate of citizenship has been decreasing.

The following chart shows US citizenship percentages in Wake Forest, NC compared to that of it's neighboring and parent geographies.

Diversity

Race and Ethnicity

The 3 largest ethnic groups in Wake Forest, NC

White (Non-Hispanic)
32.4k ± 1.69k
Black or African American (Non-Hispanic)
8.6k ± 1.77k
Two+ (Non-Hispanic)
2k ± 597

7.87%

Hispanic Population

3.78k people

7.87% of the people in Wake Forest, NC are hispanic (3.78k people).

The following chart shows the 7 races represented in Wake Forest, NC as a share of the total population.

Foreign-Born Population

7.08%

2022 Foreign-Born Population

3.4k people

6.84%

2021 Foreign-Born Population

3.17k people

As of 2022, 7.08% of Wake Forest, NC residents (3.4k people) were born outside of the United States, which is lower than the national average of 13.6%. In 2021, the percentage of foreign-born citizens in Wake Forest, NC was 6.84%, meaning that the rate has been increasing.

The following chart shows the percentage of foreign-born residents in Wake Forest, NC compared to that of it's neighboring and parent geographies.

Military

Veterans

Most Common Service Period

Gulf War (2001-)
835 ± 539
Vietnam
682 ± 319
Gulf War (1990s)
628 ± 287

Wake Forest, NC has a large population of military personnel who served in Gulf War (2001-), 1.22 times greater than any other conflict.

Economy

The economy of Wake Forest, NC employs 24.3k people. The largest industries in Wake Forest, NC are Health Care & Social Assistance (4,012 people), Professional, Scientific, & Technical Services (3,692 people), and Retail Trade (2,873 people), and the highest paying industries are Utilities ($116,133), Finance & Insurance ($104,725), and Finance & Insurance, & Real Estate & Rental & Leasing ($100,212).

Employment

Occupations

24.3k

2022 Value

± 1,534

5.26%

1 Year growth

± 8.64%

From 2021 to 2022, employment in Wake Forest, NC grew at a rate of 5.26%, from 23.1k employees to 24.3k employees.

The most common job groups, by number of people living in Wake Forest, NC, are Management Occupations (4,476 people), Sales & Related Occupations (2,654 people), and Business & Financial Operations Occupations (2,438 people). This chart illustrates the share breakdown of the primary jobs held by residents of Wake Forest, NC.

Unemployment Insurance Claims

Data is only available at the state level. Showing data for false.

This chart shows weekly unemployment insurance claims in the United States (not-seasonally adjusted) compared with the four states with the most similar impact.

The most recent data point uses Advance State Claims data, which can be revised in subsequent weeks.

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Industries

Employment by Industries

24.3k

2022 Value

± 1,534

5.26%

1 Year growth

± 8.64%

From 2021 to 2022, employment in Wake Forest, NC grew at a rate of 5.26%, from 23.1k employees to 24.3k employees.

The most common employment sectors for those who live in Wake Forest, NC, are Health Care & Social Assistance (4,012 people), Professional, Scientific, & Technical Services (3,692 people), and Retail Trade (2,873 people). This chart shows the share breakdown of the primary industries for residents of Wake Forest, NC, though some of these residents may live in Wake Forest, NC and work somewhere else. Census data is tagged to a residential address, not a work address.

Median Earnings by Industry

$70,632

Median earning men ± $6,024

$50,649

Median earning women ± $6,052

The industries with the best median earnings for men in 2022 are Manufacturing ($108,135), Professional, Scientific, & Management, & Administrative & Waste Management Services ($103,365), and Finance & Insurance, & Real Estate & Rental & Leasing ($102,219).

The industries with the best median earnings for women in 2022 are Wholesale Trade ($91,042), Information ($87,826), and Finance & Insurance, & Real Estate & Rental & Leasing ($86,288).

Civics

are the senators currently representing the state of the United States. In the United States, senators are elected to 6-year terms with the terms for individual senators staggered.

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming is currently represented by 435 members in the U.S. house, and members of the House of Representives are elected to 2-year terms.

Senator Elections

US Senators from the United States

Senator from N/AN/A

N/AN/A
N/A
N/AN/A
N/A

are the senators currently representing the United States.

In the United States, senators are elected to 6-year terms with the terms for individual senators staggered.

The following chart shows elected senators in the United States over time, excluding special elections, colored by their political party.

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US Representative Elections

US Representatives from Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming

Members of the House of Representives are elected to 2-year terms, and the following chart shows the how the members for Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming have changed over time starting in 2008.

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Education

In 2022, universities in Wake Forest, NC awarded 570 degrees. The student population of Wake Forest, NC in 2022 is skewed towards men, with 1,948 male students and 816 female students.

Most students graduating from Universities in Wake Forest, NC are White (449 and 79.8%), followed by Asian (44 and 7.82%), Hispanic or Latino (38 and 6.75%), and Black or African American (20 and 3.55%).

The largest universities in Wake Forest, NC by number of degrees awarded are Southeastern Baptist Theological Seminary (570 and 100%).

The most popular majors in Wake Forest, NC are Divinity & Ministry (297 and 52.1%), Theological Studies (60 and 10.5%), and Christian Studies (59 and 10.4%).

The median tuition cost in Wake Forest, NC for private four year colleges is $9,432.

Admissions & Enrollments

Applicants, Admissions & Enrolled

University

Measure

In 2022 in Wake Forest, NC, the percentage of applicants admitted was 80%, while the percentage of admitted who enrolled was 68.8%. The number of students enrolled in 2022 was 2,764 (70.5% men and 29.5% women).

The line chart shows the evolution of the percentage of applicants admitted, admitted who enrolled or the number of students enrolled according to the option selected in the upper button.

Enrollments by Gender and Races

Universities

In 2022 there were 2,764 students enrolled in Wake Forest, NC, 70.5% men and 29.5% women.

By race, the largest number of students enrolled was concentrated in White with 2,166 records, of which 29.3% were women and 70.7% men.

Completions

Concentrations

Most Common

Divinity & Ministry
225 degrees awarded
Christian Studies
59 degrees awarded
Theological Studies
49 degrees awarded

In 2022, the most common concentation for Masters Degree recipients in Wake Forest, NC was Divinity & Ministry with 225 degrees awarded.

This visualization illustrates the percentage of students graduating with a Masters Degree from schools in Wake Forest, NC according to their major.

Universities

Gender

Race

Southeastern Baptist Theological Seminary

Largest Universities by degrees awarded

570 degrees awarded

In 2022, the institution with the largest number of graduating students was Southeastern Baptist Theological Seminary with 570 degrees awarded.

Student Diversity

University

In 2022, 447 men were awarded degrees from institutions in Wake Forest, NC, which is 3.63 times more than the 123 female students who received degrees in the same year.

In 2022 the most common race/ethnicity group awarded degrees at institutions was White students. These 449 degrees mean that there were 10.2 times more degrees awarded to White students then the next closest race/ethnicity group, Asian, with 44 degrees awarded.

Awarded Degrees over Time

The graph shows the evolution of awarded degrees by degrees. Under the paragraphs, the average number of awarded degrees by university in each degree is shown.

Tuition

Average Net Price by Sector

Universities

Private not-for-profit, 4-year or above ($9,432) is the sector with the highest median state tuition in 2022.

Private not-for-profit, 4-year or above ($672) is the sector with the highest median state fee in 2022.

Private not-for-profit, 4-year or above ($800) is the sector with the highest average net price of books and supplies.

The graph shows the average net price by sector and year.

Working Population

Educational Pyramid

Data is only available at the state level. Showing data for North Carolina.

Measure

In 2022, 0.944% of men over 25 years of age had not completed any academic degree (no schooling), while 0.805% of women were in the same situation.

This visualization shows the gender distribution of the population according to the academic level reached.

Educational Attainment

Data is only available at the state level. Showing data for North Carolina.

Race

The most common educational levels obtained by the working population in 2022 were High School or Equivalent (2.16M), Some college (1.84M), and Bachelors Degree (1.63M).

This visualization illustrates the percentage distribution of the population according to the highest educational level reached. You can filter the data by race by using the selector above.

Housing & Living

The median property value in Wake Forest, NC was $397,300 in 2022, which is 1.41 times larger than the national average of $281,900. Between 2021 and 2022 the median property value increased from $328,200 to $397,300, a 21.1% increase. The homeownership rate in Wake Forest, NC is 73.5%, which is approximately the same as the national average of 64.8%.

People in Wake Forest, NC have an average commute time of 31.7 minutes, and they drove alone to work. Car ownership in Wake Forest, NC is approximately the same as the national average, with an average of 2 cars per household.

Median household income in Wake Forest, NC is $115,159. In 2022, the place with the highest median household income in Wake Forest, NC was Census Tract 542.03 with a value of $146,094, followed by Census Tract 542.04 and Census Tract 542.06, with respective values of $91,563 and $90,882.

Housing

Property

$397,300

Median Property Value 2022

±$13,142

$12,355

Median Property Taxes

±$876

The following chart display owner-occupied housing units distributed between a series of property tax buckets compared to the national averages for each bucket. In Wake Forest, NC the largest share of households pay taxes in the $3k+ range.

The chart underneath the paragraph shows the property taxes in Wake Forest, NC compared to it's parent and neighbor geographies.

Rent vs Own

73.5%

Homeownership

2022

67.6%

Homeowners with Mortgage

2022

In 2022, 73.5% of the housing units in Wake Forest, NC were occupied by their owner. This percentage grew from the previous year's rate of 71.3%.

This chart shows the percentage of owner in Wake Forest, NC compared it's parent and neighboring geographies.

Equity

Income by Location

Use the dropdown to filter by race/ethnicity.

Race/Ethnicity

Highest Median Household Income (Total)

Census Tract 542.03
Census Tract 542.04
Census Tract 542.06

In 2022, the place with the highest Median Household Income (Total) in Wake Forest, NC was Census Tract 542.03 with a value of $146,094, followed by Census Tract 542.04 and Census Tract 542.06, with respective values of $91,563 and $90,882.

The following map shows all of the places in Wake Forest, NC colored by their Median Household Income (Total).

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.

$115,159

Median Household Income

± $3,699

16.8k

Number of Households

± 1,131

In 2022, the median household income of the 16.8k households in Wake Forest, NC grew to $115,159 from the previous year's value of $104,006.

The following chart displays the households in Wake Forest, NC distributed between a series of income buckets compared to the national averages for each bucket. The largest share of households have an income in the $200k+ range.

Wage Distribution

The closest comparable wage GINI for Wake Forest, NC is from Wake Forest, NC.

N/A Wage GINI in N/A

In N/A, the income inequality in N/A was N/A according to the GINI calculation of the wage distribution. Income inequality had a N/A N/A from N/A to N/A, which means that wage distribution grew somewhat N/A even. The GINI for N/A was N/A than the national average of 0.478. In other words, wages are distributed N/A evenly in N/A in comparison to the national average.

This chart shows the number of workers in Wake Forest, NC across various wage buckets compared to the national average.

Transportation

Commuter Transportation

Most Common Commute in 2022

Drove Alone (71%)
Worked At Home (22.2%)
Carpooled (5.62%)

In 2022, 71% of workers in Wake Forest, NC drove alone to work, followed by those who worked at home (22.2%) and those who carpooled to work (5.62%).

The following chart shows the number of households using each mode of transportation over time, using a logarithmic scale on the y-axis to help better show variations in the smaller means of commuting.

Commute Time

31.7 minutes

Average Travel Time

Using averages, employees in Wake Forest, NC have a longer commute time (31.7 minutes) than the normal US worker (26.7 minutes). Additionally, 1.9% of the workforce in Wake Forest, NC have "super commutes" in excess of 90 minutes.

The chart below shows how the median household income in Wake Forest, NC compares to that of it's neighboring and parent geographies.

Car Ownership

2 cars

Average Number

The following chart displays the households in Wake Forest, NC distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Wake Forest, NC have 2 cars.

Poverty

Poverty & Diversity

3.02% of the population for whom poverty status is determined in Wake Forest, NC (1.43k out of 47.3k people) live below the poverty line, a number that is lower than the national average of 12.5%. The largest demographic living in poverty are Females 25 - 34, followed by Males 18 - 24 and then Males 35 - 44.

The most common racial or ethnic group living below the poverty line in Wake Forest, NC is White, followed by Hispanic and Black.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.

Social Needs

Data only available at the state level.

Most prevalent states

California
35,798 individuals
New York
5,087 individuals
Florida
4,915 individuals

In 2017, California had the highest estimated number of chronically homeless individuals in the nation, at 35,798. New York has the second highest (5,087), followed by Florida (4,915).

The following map shows the estimated number of chronically homeless individuals by state over multiple years.

Health

94% of the population of Wake Forest, NC has health coverage, with 60.1% on employee plans, 6.13% on Medicaid, 9.54% on Medicare, 15% on non-group plans, and 3.22% on military or VA plans.

Coverage

Health Care Diversity

In 2022, insured persons according to age ranges were distributed in 29% under 18 years, 16.2% between 18 and 34 years, 42.4% between 35 and 64 years, and 12.4% over 64 years.

By gender, of the total number of insured persons, 48.5% were men and 51.5% were women.

The following chart shows the number of people with health coverage by gender.

Uninsured People

5.97%

Uninsured

60.1%

Employer Coverage

6.13%

Medicaid

9.54%

Medicare

15%

Non-Group

3.22%

Military or VA

Between 2021 and 2022, the percent of uninsured citizens in Wake Forest, NC grew by 2.19% from 5.84% to 5.97%.

The following chart shows how the percent of uninsured individuals in Wake Forest, NC changed over time compared with the percent of individuals enrolled in various types of health insurance.

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