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13.6 miles of developed & 39.7 miles of natural greenways in the Wake Forest system
89.5% of population less than 65 years old
9th fastest growing of 552 municipalities in North Carolina
2018
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 43,000 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 – 2017)
50000
203%
40000
population growth
60000
55,702 (2025 EST.)
(2000 – 2017)
30000
43,076 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 79% White 14.3% Black or African American 4.3% Two or more races 1.5% Asian 0.8% Some other race 0.1% American Indian or Alaska Native
$90K
$81,200
$80K
Wake Forest
$70K $60K
$55,322 $48,256
US
$50K
NC
$40K $30K 2000
2012
5.4% of the population is recorded as being of Hispanic or Latino Origin (of any race)
2016
Source: US Census and 2012-2016 American Community Survey 5-Year Estimates
Source: 2012-2016 American Community Survey 5-Year Estimates
48.2%
51.8%
Male
Female
Transportation AIR
400+ FLIGHTS 10 54 on
major airlines to
non-stop destinations daily
RDU International Airport is only 22 miles, or about 30 minutes, from Downtown Wake Forest.
Select Tech Hubs and International Flights Include: n Austin
n Dallas
n Miami
n San
n Boston
n Houston
n New
n Seattle
n Cancun
n London
n Paris
n Toronto
n Chicago
n Los
n San
n Washington,
Angeles
York
Antonio
Francisco
Learn more about air transportation at www.rdu.com.
RAIL Freight service is provided by CSX Corporation. www.csx.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.aspx.
DC
Workforce WAKE FOREST POPULATION BY INDUSTRY (AGE 16+) Retail trade
Public administration
4.8%
Wholesale trade
3.2%
10.5%
Construction Agriculture, forestry, fishing and hunting, and mining
4.2%
.3%
Transportation and warehousing, and utilities
Arts, entertainment, and recreation, and accommodation and food services
8.6%
Educational services, and health care and social assistance
25.5%
2.8%
Information
3.1%
14.6%
Professional, scientific, and management, and administrative and waste management services
Other services, except public administration
4.4% 9.6%
Finance and insurance, and real estate and rental and leasing
Manufacturing
8.4%
Source: 2012-2016 American Community Survey 5-Year Estimates
UNEMPLOYMENT RATES OVER TIME
LABOR FORCE
12 Wake Forest (10 mile radius) 77,803
10 8
Wake County 573,294
6
Raleigh-Cary MSA 696,811
4
Raleigh-Durham CSA 1,118,487
2
Source: ESRI and 2010-2014 American Community Survey 5-Year Estimates
Wake Forest Wake County
0 2010
AMAZING CORPORATE CITIZENS AccuTech USA
Moffat Pipe / Properties, Inc.
AMS Software, Inc.
PowerSecure International, Inc.
BTC Electronic Components
Professional Builders Supply, LLC
Carolina Sunrock, LLC
Radeas Laboratories
CenturyLink
Redwood Productions
Cornerstone Technical Solutions
Ruocchio Designs, Inc.
Curasan
RxMedic Systems, Inc.
DataTek
Stewart Engineers
Delta Gypsum
Storeworks
East Coast Drilling & Blasting, Inc. Sugar Maple Interactive, LLC Electric Motor Shop
Superior Tooling, Inc.
Engineered Tower Solutions, PLLC
Synthonix, Inc.
Focus Design Builders
The Body Shop
FokusLabs
Trident Technology Solutions
HemaXa
Ultra Electronics Ocean Systems
IPLS Consulting
Uptone Pictures
Inventure Civil, LLC
Wireless Research Center of North Carolina
Ral-Dur CSA US NC
2011
2012
2013
2014
2015
2016
2017
Source: NC Department Of Commerce, Labor & Economic Analysis Division
EDUCATIONAL ATTAINMENT
16.9%
37.1%
95.4%
Master's Degree
Bachelor's Degree
High School Degree
54% of Wake Forest residents have a bachelor's degree or higher*
23.7% HIGHER than the U.S. average Source: 2012-2016 American Community Survey 5-Year Estimates *25 years or older.
Education
HIGHER EDUCATION
K-12 EDUCATION
160,429 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 183 Public Schools.
NC State, UNC and Duke combine to conduct $2.5 BILLION
17,547 students
in research every year
attend one of Wake County's 76 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)
Wake Tech provided customized training to 1,637 private-sector employees in 2017
Wake Forest is part of the award-winning Wake County Public School System. Wake Forest residents have easy access to:
15 Public Schools
175,000 students enrolled at area colleges and universities Located in Downtown Wake Forest,
7 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 = 6.5 million gpd. Current sewer capacity = 4.5 million gpd.
Telecommunications AT&T CenturyLink Spectrum Verizon Windstream
817
823
754 548
728
736
600 400
UTILITIES Electric Wake Forest Power Wake Electric Duke Energy
800
364
* Per $100 of assessed value.
1000
394
$1.135 Total*
1200
212
$0.520 Wake Forest $0.615 Wake County
Sales Tax
RESIDENTIAL BUILDING PERMITS ISSUED (NEW STARTS, BY YEAR)
248
Property Tax
Corporate Tax
689
Personal Income Tax
904
5.49% 3.0% 7.25%
200 0
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Source: Wake Forest Planning Department and Inspections Department
151 non-residential permits valued at $44.1 MILLION were issued in 2017.
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