Economy, jobs and prices in Wake Forest, North Carolina: official figures
The median household income in Wake Forest was $123,802 a year in the 2020-2024 American Community Survey (in 2024 dollars), 89th highest of 823 US cities of 50,000 or more; the US median was $80,734 and the North Carolina median $72,388.
What is the per capita income in Wake Forest?
Income per resident (per capita income) in Wake Forest averaged $51,709 a year in 2020-2024, 197th highest of 823 US cities of 50,000 or more (US: $44,673; North Carolina: $41,385).
Source: U.S. Census Bureau · saved copyHow unequal are incomes in Wake Forest?
Wake Forest's Gini index of household income inequality was 0.391 in 2020-2024 (0 means equal incomes, 1 maximum inequality), 60th least unequal of 823 US cities of 50,000 or more; the US figure was 0.483.
Source: U.S. Census Bureau · saved copyWhat is the unemployment rate in Wake Forest, North Carolina?
4.0% of the civilian labor force in Wake Forest was unemployed on average over 2020-2024 (1,136 people), 176th lowest of 823 US cities of 50,000 or more; the US rate in the same survey was 5.2% and North Carolina's 4.7%.
Source: U.S. Census Bureau · saved copyHow many people in Wake Forest have jobs?
27,199 residents of Wake Forest held civilian jobs, 66.9% of those aged 16 and over (US: 59.7%), and 121 served in the armed forces.
Source: U.S. Census Bureau · saved copyWhat are the main industries in Wake Forest?
The largest industry group for working residents of Wake Forest was education, health care and social assistance (27.0% of employed residents), followed by professional, scientific, management and administrative services (18.6%) and retail trade (11.8%), 2020-2024.
Source: U.S. Census Bureau · saved copyHow many people in Wake Forest work in manufacturing?
Manufacturing employed 11.0% of working residents of Wake Forest, 250th highest of 823 US cities of 50,000 or more (US: 9.9%); professional, scientific and management services employed 18.6% (US: 12.6%).
Source: U.S. Census Bureau · saved copyHow long is the commute in Wake Forest, North Carolina?
Commuters in Wake Forest took 30.9 minutes on average to get to work in 2020-2024, 109th longest of 823 US cities of 50,000 or more (US: 26.4 minutes); 9.5% travelled an hour or more and 20.6% less than 15 minutes.
Source: U.S. Census Bureau · saved copyHow do people in Wake Forest get to work?
28.7% of workers living in Wake Forest worked from home in 2020-2024, 62nd highest of 823 US cities of 50,000 or more (US: 15.1%). 64.5% drove to work alone, 5.1% carpooled, 0.0% used public transport and 1.1% walked.
Source: U.S. Census Bureau · saved copyWhat is the average rent in Wake Forest, North Carolina?
The median gross rent (rent plus utilities) in Wake Forest was $1,596 a month in 2020-2024, 411th highest of 823 US cities of 50,000 or more (US: $1,413; North Carolina: $1,228).
Source: U.S. Census Bureau · saved copyHow much does a house cost in Wake Forest?
Owner-occupied homes in Wake Forest had a median value of $474,500 in 2020-2024 as estimated by their owners, 286th highest of 823 US cities of 50,000 or more (US: $332,700; North Carolina: $288,900).
Source: U.S. Census Bureau · saved copyHow affordable are homes in Wake Forest?
The median home value in Wake Forest was 3.8 times the median household income, 277th lowest of 823 US cities of 50,000 or more (US: 4.1 times).
Source: U.S. Census Bureau · saved copyHow many households in Wake Forest have no internet?
1.1% of households in Wake Forest (210) had no internet access at home in 2020-2024, 22nd lowest of 823 US cities of 50,000 or more (US: 6.5%); 6.2% relied on a cellular data plan alone (US: 11.5%).
Source: U.S. Census Bureau · saved copyHow Wake Forest compares with other cities in the United States
Median household income (2024 dollars) (2020-2024)
Wake Forest ranks 89 of 823, highest first.
| Rank | City | Median household income (2024 dollars) |
|---|---|---|
| 86 | Rocklin | $124,168 |
| 87 | Broomfield | $123,874 |
| 88 | Seattle | $123,860 |
| 89 | Wake Forest | $123,802 |
| 90 | Daly City | $123,547 |
| 91 | Santa Clarita | $123,062 |
| 92 | Westfield | $122,789 |
Per capita income (2024 dollars) (2020-2024)
Wake Forest ranks 197 of 823, highest first.
| Rank | City | Per capita income (2024 dollars) |
|---|---|---|
| 194 | New York | $51,844 |
| 195 | Charlotte | $51,814 |
| 196 | South Jordan | $51,766 |
| 197 | Wake Forest | $51,709 |
| 198 | Orange | $51,601 |
| 199 | Renton | $51,528 |
| 200 | Carrollton | $51,524 |
Gini index of household income inequality (2020-2024)
Wake Forest ranks 764 of 823, highest first.
| Rank | City | Gini index of household income inequality |
|---|---|---|
| 761 | Prescott Valley | 0.392 |
| 762 | Gilbert | 0.392 |
| 763 | Livonia | 0.391 |
| 764 | Wake Forest | 0.391 |
| 765 | Blaine | 0.391 |
| 766 | Colton | 0.391 |
| 767 | Surprise | 0.389 |
Unemployment rate (share of civilian labor force) (2020-2024)
Wake Forest ranks 648 of 823, highest first.
| Rank | City | Unemployment rate (share of civilian labor force) |
|---|---|---|
| 645 | Columbia | 4.0% |
| 646 | Lehi | 4.0% |
| 647 | Fayetteville | 4.0% |
| 648 | Wake Forest | 4.0% |
| 649 | Sandy Springs | 4.0% |
| 650 | Plano | 4.0% |
| 651 | Homestead | 4.0% |
Labor force participation rate (16 and over) (2020-2024)
Wake Forest ranks 152 of 823, highest first.
| Rank | City | Labor force participation rate (16 and over) |
|---|---|---|
| 149 | Lincoln | 70.0% |
| 150 | Lawrence | 70.0% |
| 151 | Florissant | 70.0% |
| 152 | Wake Forest | 70.0% |
| 153 | St. Paul | 70.0% |
| 154 | Beaverton | 70.0% |
| 155 | West New York | 70.0% |
Mean travel time to work (minutes) (2020-2024)
Wake Forest ranks 109 of 823, highest first.
| Rank | City | Mean travel time to work (minutes) |
|---|---|---|
| 106 | Downey | 31.0 |
| 107 | Yorba Linda | 31.0 |
| 108 | Montebello | 31.0 |
| 109 | Wake Forest | 30.9 |
| 110 | Burleson | 30.9 |
| 111 | Elk Grove | 30.8 |
| 112 | Oak Lawn | 30.8 |
Workers who worked from home (2020-2024)
Wake Forest ranks 62 of 823, highest first.
| Rank | City | Workers who worked from home |
|---|---|---|
| 59 | Castle Rock | 28.8% |
| 60 | Plymouth | 28.8% |
| 61 | Charlotte | 28.8% |
| 62 | Wake Forest | 28.7% |
| 63 | Ann Arbor | 28.7% |
| 64 | Fulshear | 28.6% |
| 65 | Portland | 28.5% |
Workers commuting by public transportation (2020-2024)
Wake Forest ranks 801 of 823, highest first.
| Rank | City | Workers commuting by public transportation |
|---|---|---|
| 798 | Broken Arrow | 0.0% |
| 799 | Burleson | 0.0% |
| 800 | Carmel | 0.0% |
| 801 | Wake Forest | 0.0% |
| 802 | Burlington | 0.0% |
| 803 | Blue Springs | 0.0% |
| 804 | Bellevue | 0.0% |
Employed residents working in manufacturing (2020-2024)
Wake Forest ranks 250 of 823, highest first.
| Rank | City | Employed residents working in manufacturing |
|---|---|---|
| 247 | Gilroy | 11.0% |
| 248 | Palo Alto | 11.0% |
| 249 | San Ramon | 11.0% |
| 250 | Wake Forest | 11.0% |
| 251 | Simi Valley | 11.0% |
| 252 | Gilbert | 11.0% |
| 253 | Huntington Beach | 11.0% |
Employed residents in education, health care and social assistance (2020-2024)
Wake Forest ranks 150 of 823, highest first.
| Rank | City | Employed residents in education, health care and social assistance |
|---|---|---|
| 147 | Pharr | 27.1% |
| 148 | Lancaster | 27.1% |
| 149 | Casper | 27.1% |
| 150 | Wake Forest | 27.0% |
| 151 | Medford | 27.0% |
| 152 | Albuquerque | 27.0% |
| 153 | Olympia | 26.9% |
Median gross rent per month (2020-2024)
Wake Forest ranks 411 of 823, highest first.
| Rank | City | Median gross rent per month |
|---|---|---|
| 408 | Cathedral City | $1,601 |
| 409 | Olympia | $1,599 |
| 410 | Aurora | $1,596 |
| 411 | Wake Forest | $1,596 |
| 412 | Oak Park | $1,593 |
| 413 | Hesperia | $1,590 |
| 414 | Nashville | $1,586 |
Median value of owner-occupied homes (2020-2024)
Wake Forest ranks 286 of 823, highest first.
| Rank | City | Median value of owner-occupied homes |
|---|---|---|
| 283 | Rancho Cordova | $477,600 |
| 284 | Minnetonka | $475,800 |
| 285 | Perris | $474,700 |
| 286 | Wake Forest | $474,500 |
| 287 | Eden Prairie | $473,900 |
| 288 | Missoula | $473,100 |
| 289 | Huntersville | $472,900 |
Median home value as a multiple of median household income (2020-2024)
Wake Forest ranks 544 of 820, highest first.
| Rank | City | Median home value as a multiple of median household income |
|---|---|---|
| 541 | Kenner | 3.8x |
| 542 | Bryan | 3.8x |
| 543 | Anchorage | 3.8x |
| 544 | Wake Forest | 3.8x |
| 545 | Bismarck | 3.8x |
| 546 | Columbus | 3.8x |
| 547 | Lenexa | 3.8x |
Occupied homes lived in by their owners (2020-2024)
Wake Forest ranks 91 of 823, highest first.
| Rank | City | Occupied homes lived in by their owners |
|---|---|---|
| 88 | Hoffman Estates | 74.2% |
| 89 | Carson | 74.0% |
| 90 | Arlington Heights | 74.0% |
| 91 | Wake Forest | 74.0% |
| 92 | Madison | 74.0% |
| 93 | Elk Grove | 73.8% |
| 94 | Joliet | 73.7% |
Households with a broadband subscription (2020-2024)
Wake Forest ranks 17 of 823, highest first.
| Rank | City | Households with a broadband subscription |
|---|---|---|
| 14 | Pleasanton | 97.9% |
| 15 | Collierville | 97.8% |
| 16 | Johns Creek | 97.8% |
| 17 | Wake Forest | 97.8% |
| 18 | Frisco | 97.7% |
| 19 | Weston | 97.7% |
| 20 | Castle Rock | 97.7% |
Households with no internet access (2020-2024)
Wake Forest ranks 802 of 823, highest first.
| Rank | City | Households with no internet access |
|---|---|---|
| 799 | Cedar Park | 1.3% |
| 800 | Flower Mound | 1.2% |
| 801 | Kyle | 1.2% |
| 802 | Wake Forest | 1.1% |
| 803 | Lehi | 1.1% |
| 804 | Dublin | 1.1% |
| 805 | Johns Creek | 1.1% |
More on Wake Forest: overview · health · education and schools · poverty and living standards · government budget · all cities in the United States
Sources
- U.S. Census Bureau: American Community Survey 2020-2024 5-year estimates, table B08013: Aggregate Travel Time to Work (in Minutes) of Workers by Sex (Summary File rows for the US, the states and the listed cities, copied unchanged from the full file, sha256 6939fdfa046fd5bb829ec8da9549e66298cc740f6a3f5dd60e1920a08e3083fb), read 23 October 2026 · saved copy (SHA-256 5f94e7878b6a…)
- U.S. Census Bureau: American Community Survey 2020-2024 5-year estimates, table B23025: Employment Status for the Population 16 Years and Over (Summary File rows for the US, the states and the listed cities, copied unchanged from the full file, sha256 264a5bd9367c5f58d9773fa4966fa94fe1e02f9c7106bc2ab39168d6de7c3e4a), read 23 October 2026 · saved copy (SHA-256 2630e6946370…)
- U.S. Census Bureau: American Community Survey 2020-2024 5-year estimates, table B19083: Gini Index of Income Inequality (Summary File rows for the US, the states and the listed cities, copied unchanged from the full file, sha256 338f7a1191eaaf3913913e78c36aaa9d82f2b5c8faaf889be2e597b28869205e), read 23 October 2026 · saved copy (SHA-256 b8cf854b1f94…)
- U.S. Census Bureau: American Community Survey 2020-2024 5-year estimates, table C24030: Sex by Industry for the Civilian Employed Population 16 Years and Over (Summary File rows for the US, the states and the listed cities, copied unchanged from the full file, sha256 66a2799a71a5fc36f0e3bc22767fe5bdd8f96eb29e85b91311e990d35cc14114), read 23 October 2026 · saved copy (SHA-256 5d717c57e7e4…)
- U.S. Census Bureau: American Community Survey 2020-2024 5-year estimates, table B19013: Median Household Income in the Past 12 Months (in 2024 Inflation-Adjusted Dollars) (Summary File rows for the US, the states and the listed cities, copied unchanged from the full file, sha256 b25a176b0e6c339b6f3a2a0d3d8446bf06f5f080b4395993ec9a8313efb1c229), read 23 October 2026 · saved copy (SHA-256 1d8a264807c6…)
- U.S. Census Bureau: American Community Survey 2020-2024 5-year estimates, table B08301: Means of Transportation to Work (Summary File rows for the US, the states and the listed cities, copied unchanged from the full file, sha256 552b24c135b6e7c566910914a861cda6fc798ba0cd47801b1eb64295a128c2ee), read 23 October 2026 · saved copy (SHA-256 eaf823006d53…)
- U.S. Census Bureau: American Community Survey 2020-2024 5-year estimates, table B19301: Per Capita Income in the Past 12 Months (in 2024 Inflation-Adjusted Dollars) (Summary File rows for the US, the states and the listed cities, copied unchanged from the full file, sha256 9fc107e98fee7fa49bb8314560205569184fad65fb64b80adb5c5bdd83ccc409), read 23 October 2026 · saved copy (SHA-256 24c1e725b26a…)
- U.S. Census Bureau: American Community Survey 2020-2024 5-year estimates, table B25064: Median Gross Rent (Dollars) (Summary File rows for the US, the states and the listed cities, copied unchanged from the full file, sha256 b36e6dc1fcef36b8b307d31b37517b64c80d8b9c70d48c9b1894242860f42eb0), read 23 October 2026 · saved copy (SHA-256 b842a7ff825c…)
- U.S. Census Bureau: American Community Survey 2020-2024 5-year estimates, table B25077: Median Value (Dollars) (Summary File rows for the US, the states and the listed cities, copied unchanged from the full file, sha256 89eb2153764a2330b23959d8bbc29b3a8f3016f087b990f2a8ea0d5096d9a816), read 23 October 2026 · saved copy (SHA-256 22b59a3b1acb…)
- U.S. Census Bureau: American Community Survey 2020-2024 5-year estimates, table B28002: Presence and Types of Internet Subscriptions in Household (Summary File rows for the US, the states and the listed cities, copied unchanged from the full file, sha256 12446ff0691b8818f5908cdc398817361772c5b3078c506d0409adc9c841840b), read 23 October 2026 · saved copy (SHA-256 4b375b368bf9…)
- U.S. Census Bureau: American Community Survey 2020-2024 5-year estimates, table B25003: Tenure (Summary File rows for the US, the states and the listed cities, copied unchanged from the full file, sha256 68e963e1ed60fcf6b0658579cefc6498b7a9eb780b9f3e87fd1b9775c4d4ac6c), read 23 October 2026 · saved copy (SHA-256 2983c28f47fa…)
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