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Poverty and living standards in Wake Forest, North Carolina: official figures

4.5% of residents of Wake Forest (2,320 people) had incomes below the federal poverty line in the 2020-2024 American Community Survey, 31st lowest of 823 US cities of 50,000 or more (US: 12.5%; North Carolina: 13.0%).

Poverty rate
4.5%
2020-2024
Child poverty rate (under 18)
4.0%
2020-2024
Renters paying 30%+ of income on rent
46.3%
2020-2024

How many children live in poverty in Wake Forest?

4.0% of children under 18 in Wake Forest lived below the poverty line in 2020-2024 (551 children), 36th lowest of 823 US cities of 50,000 or more (US: 16.1%; North Carolina: 17.7%).

Source: U.S. Census Bureau · saved copy

What is the poverty rate for older people in Wake Forest?

By age, the poverty rate in Wake Forest was 3.5% for children under 6 and 5.1% for residents aged 60 and over in 2020-2024 (US: 17.2% and 11.0%).

Source: U.S. Census Bureau · saved copy

How many people in Wake Forest live in deep poverty?

1,425 people in Wake Forest, 2.8% of residents, had incomes below half the poverty line in 2020-2024, 60th lowest of 823 US cities of 50,000 or more (US: 6.0%).

Source: U.S. Census Bureau · saved copy

What share of people in Wake Forest are on low incomes?

12.1% of residents of Wake Forest had incomes below twice the poverty line in 2020-2024, 43rd lowest of 823 US cities of 50,000 or more (US: 28.2%; North Carolina: 30.6%).

Source: U.S. Census Bureau · saved copy

How many renters in Wake Forest are cost-burdened?

46.3% of renting households in Wake Forest spent 30% or more of their income on rent and utilities in 2020-2024 (2,141 households), 154th lowest of 823 US cities of 50,000 or more (US: 51.1%; North Carolina: 48.9%).

Source: U.S. Census Bureau · saved copy

How many households in Wake Forest spend half their income on rent?

19.9% of renting households in Wake Forest spent half or more of their income on rent and utilities, 81st lowest of 823 US cities of 50,000 or more (US: 25.9%).

Source: U.S. Census Bureau · saved copy

How many people in Wake Forest are food insecure?

An estimated 9.3% of adults in Wake Forest experienced food insecurity in the past year, joint 54th lowest of 592 US cities of 50,000 or more with an estimate, and 8.5% housing insecurity (CDC PLACES model-based estimate for 2023, age-adjusted).

Source: Centers for Disease Control and Prevention · saved copy

How Wake Forest compares with other cities in the United States

Residents below the poverty line (2020-2024)

Wake Forest ranks 793 of 823, highest first.

RankCityResidents below the poverty line
790Eden Prairie4.6%
791Newton4.5%
792Dublin4.5%
793Wake Forest4.5%
794Naperville4.4%
795Parker4.4%
796San Ramon4.4%
Source: U.S. Census Bureau · saved copy

Children under 18 below the poverty line (2020-2024)

Wake Forest ranks 788 of 823, highest first.

RankCityChildren under 18 below the poverty line
785Arlington Heights4.3%
786Folsom4.2%
787Carmel4.1%
788Wake Forest4.0%
789Rocklin3.9%
790Alameda3.8%
791Herriman3.8%
Source: U.S. Census Bureau · saved copy

Residents with incomes below half the poverty line (2020-2024)

Wake Forest ranks 764 of 823, highest first.

RankCityResidents with incomes below half the poverty line
761Pflugerville2.8%
762Sugar Land2.8%
763Schaumburg2.8%
764Wake Forest2.8%
765Minnetonka2.8%
766Gilbert2.7%
767Edina2.7%
Source: U.S. Census Bureau · saved copy

Renting households spending 30% or more of income on rent (2020-2024)

Wake Forest ranks 670 of 823, highest first.

RankCityRenting households spending 30% or more of income on rent
667Harrisonburg46.4%
668Anchorage46.3%
669Bloomington46.3%
670Wake Forest46.3%
671Toledo46.3%
672Leander46.2%
673Brookhaven46.2%
Source: U.S. Census Bureau · saved copy

Adults experiencing food insecurity (age-adjusted model estimate) (2023)

Wake Forest ranks 539 of 592, highest first.

RankCityAdults experiencing food insecurity (age-adjusted model estimate)
536Dunwoody9.5%
537Sandy Springs9.3%
538South Jordan9.3%
539Wake Forest9.3%
540O'Fallon9.2%
541Troy9.2%
542Rochester Hills9.2%
Source: Centers for Disease Control and Prevention · saved copy

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Sources

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