8 miles of developed & 50 miles of natural greenways in the Wake Forest system
89% of population is less than 65 years old
9th fastest growing municipality in the state of North Carolina
2017
Community Profile Wake Forest is part of the Research Triangle Region located in central North Carolina and minutes from Raleigh, the state capital. Home to over 41,000 residents, and a growing business base, Wake Forest stands as a vibrant community in one of the nation’s fastest growing regions. We invite you to discover Wake Forest.
Wake Forest is ranked among the safest cities in North Carolina
Population Characteristics WAKE FOREST POPULATION GROWTH (1890 – 2016) 60000 50000
189%
55,702 (2025 EST.)
41,157
population growth
40000
(2000 – 2016)
30000
30,818 14,228
20000 10000
1,443
853
0 1880
1900
3,704
1,536 1920
1940
5,581
3,148 1960
1980
2000
2020
2040
Source: NC Office of State Budget & Management, US Census & Wake Forest Planning Department
MEDIAN HOUSEHOLD INCOME
ETHNICITY & GENDER
$80K
77% White 16.4% Black or African American 2.9% Asian 2.2% Two or more races 1.4% Some other race 0.1% American Indian or Alaska Native
$77,173
$70K
Wake Forest
$60K $50K
US
$40K
NC
$30K 2000
2010
$53,482 $46,693
6.4% of the population is recorded as being of Hispanic or Latino Origin (of any race)
2014
Source: 2010-2014 American Community Survey 5-Year Estimates
Source: US Census and 2010-2014 American Community Survey 5-Year Estimates
49.7%
50.3%
Male
Female
Transportation AIR
400+ FLIGHTS SEVEN 47
Select Tech Hubs and International Flights Include:
on
major airlines
to
non-stop destinations daily
RDU International Airport is only 22 miles, or about 30 minutes, from Downtown Wake Forest.
n Austin
n Dallas
n Miami
n San
n Cancun
n London
n New
n Seattle
n Chicago
n Los
n Paris
Angeles
York
Francisco
n Toronto
Learn more about air transportation at www.rdu.com.
RAIL Freight service is provided by Norfolk Southern. www.nscorp.com. Amtrak offers passenger service at two stations in Wake County. www.ncbytrain.org.
BUS 22 miles
Wake Forest-Raleigh Express and Wake Forest Loop www.wakeforestnc.gov/busservice
Workforce WAKE FOREST POPULATION BY INDUSTRY (AGE 16+) Retail trade
Public administration
5.6%
Wholesale trade
3.9%
11.7%
Construction Agriculture, forestry, fishing and hunting, and mining
.3%
Transportation and warehousing, and utilities
5.3%
Arts, entertainment, and recreation, and accommodation and food services
7.2%
Educational services, and health care and social assistance
23.7%
3.1%
Information
2.7%
16.1%
Professional, scientific, and management, and administrative and waste management services
Other services, except public administration
3.4%
8.8%
Finance and insurance, and real estate and rental and leasing
Manufacturing
8.2%
Source: 2010-2014 American Community Survey 5-Year Estimates
UNEMPLOYMENT RATES OVER TIME
LABOR FORCE
12 Wake Forest (10 mile radius) 74,833
10 8
Wake County 554,649
6
Raleigh-Cary MSA 675,157
4
Raleigh-Durham CSA 1,087,516
2
Source: ESRI and 2010-2014 American Community Survey 5-Year Estimates
Wake Forest Wake County
0 2010
AMAZING CORPORATE CITIZENS Company Names AMS Software, Inc.
PowerSecure International, Inc.
BTC Electronic Components
Professional Builders Supply, LLC
Carolina Sunrock, LLC
Ruocchio Designs, Inc.
CenturyLink
RxMedic Systems, Inc.
Cornerstone Technical Solutions
Solutions-ITS
Ral-Dur CSA US NC
2012
2014
2016
Source: NC Department Of Commerce, Labor & Economic Analysis Division
EDUCATIONAL ATTAINMENT
17%
33.5%
94.8%
Master's Degree
Bachelor's Degree
High School Degree
East Coast Drilling & Blasting, Inc. Storeworks Electric Motor Shop
Superior Tooling, Inc.
Engineered Tower Solutions, PLLC
Synthonix, Inc.
IPLS Consulting
Trident Technology Solutions
Inventure Civil, LLC
Ultra Electronics 3 Phoenix
Moffat Pipe, Inc.
Wireless Research Center of North Carolina
OVER 50% of Wake Forest residents have a bachelor's degree or higher*
18% HIGHER than the U.S. average Source: 2010-2014 American Community Survey 5-Year Estimates *25 years or older.
Education
HIGHER EDUCATION
K-12 EDUCATION
157,180 students
As part of the Research Triangle Region, Wake Forest residents and businesses have easy access to three Tier One research universities, eight four-year colleges & universities and several high-performing community college campuses.
attend one of Wake County's 171 Public Schools.
NC State, UNC and Duke
17,589 students
$2.5 BILLION in research every year
attend one of Wake County's 84 Private Schools. Source: Wake County Public School System (www.wcpss.net) and North Carolina Department of Administration's Division of Non-Public Education (ncadmin.nc.gov)
combine to conduct almost
Wake Tech provided customized training to 2000 private-sector employees in 2016
Wake Forest is part of the award-winning Wake County Public School System. Wake Forest residents have easy access to:
18 Public Schools
175,000 students enrolled at area colleges and universities Located in downtown Wake Forest,
5 Charter Schools
Southeastern Baptist Theological Seminary supports 1,430 full-time jobs and has a direct annual economic impact of $37.5 MILLION
4 Private Schools
Taxes & Utilities Development Activity STATE AND LOCAL TAXES
Gas PSNC Energy Water and Sewer City of Raleigh1
1. Current water capacity = 6.2 million gpd. Current sewer capacity = 4.3 million gpd.
Telecommunications AT&T CenturyLink Spectrum Verizon Windstream
212
400
UTILITIES Electric Wake Forest Power Wake Electric Duke Energy
248
600
823
754 548
800
728
1000
736
$1.1205 Total**
364
** Will increase to 7.25% with recent passage of transportation bond. ** Per $100 of assessed value.
1200
394
$0.5200 Wake Forest $0.6005 Wake County
Sales Tax*
RESIDENTIAL BUILDING PERMITS ISSUED (NEW STARTS, BY YEAR)
689
Property Tax
Corporate Tax
904
Personal Income Tax
1006
5.49% 3.0% 6.75%
200 0
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Source: Wake Forest Planning Department and Inspections Department
134 non-residential permits valued at $37.4 MILLION were issued in 2016.
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