ÂŽ
12.1 miles of developed & 50 miles of natural greenways in the Wake Forest system
9th fastest growing of 552 municipalities in North Carolina
89.1% of population less than 65 years old
2019
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 45,000 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 – 2018) 80000
50000
218%
40000
population growth
30000
(2000 – 2018)
60000
45,264
853
0 1880
1,443 1900
3,704
1,536 1920
1940
(2045 EST.)
(2025 EST.)
30,818 14,228
20000 10000
74,663
59,674
5,581
3,148 1960
1980
2000
2020
2040
2060
Source: Office of State Budget and Management, US Census and Wake Forest Planning Department
MEDIAN HOUSEHOLD INCOME
ETHNICITY & GENDER
$90K
78.9% White 14.5% Black or African American 4.1% Two or more races 1.5% Asian 0.9% Some other race 0.1% American Indian or Alaska Native
$85,155
$80K
Wake Forest
$70K $60K
US
$50K
$57,652 $50,320
NC
$40K $30K 2000
2012
4.8% of the population is recorded as being of Hispanic or Latino Origin (of any race)
2017
Source: 2017 American Community Survey 5-Year Estimates, 2012 American Community Survey 5-Year Estimates, 2000 Census
Source: 2013-2017 American Community Survey 5-Year Estimates
47.7%
52.3%
Male
Female
Transportation AIR
400+ FLIGHTS 9 66 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
Francisco
Jose
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
4.7%
Wholesale trade
9.6%
Construction Agriculture, forestry, fishing and hunting, and mining
4.7%
.5%
Transportation and warehousing, and utilities
Educational services, and health care and social assistance
24.7%
3.0%
Information
2.8%
14.8%
Professional, scientific, and management, and administrative and waste management services
Arts, entertainment, and recreation, and accommodation and food services
8.9%
3.4%
Other services, except public administration
5.1%
9.3%
Finance and insurance, and real estate and rental and leasing
Manufacturing
8.5%
Source: 2013-2017 American Community Survey 5-Year Estimates
UNEMPLOYMENT RATES OVER TIME
LABOR FORCE
12 Wake Forest (10 mile radius) 96,242
10 8
Wake County 586,132
6
Raleigh MSA 712,963 Raleigh-Durham-Chapel Hill CSA 1,140,069 Source: ESRI and Labor & Economic Analysis Division of the North Carolina Department of Commerce
AMAZING CORPORATE CITIZENS AccuTech USA
PowerSecure International, Inc.
AMS Software, Inc.
Professional Builders Supply, LLC
BTC Electronic Components
Radeas Laboratories
Carolina Sunrock, LLC
Redwood Productions
CenturyLink
ReVibe Technologies
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
4 2
Wake Forest Wake County
0 2010
2011
2012
Ral-Dur-Chapel Hill CSA US NC
2013
2014
2015
2016
2017
2018
Source: Labor & Economic Analysis Division of the North Carolina Department of Commerce
EDUCATIONAL ATTAINMENT
18%
36.7%
95.8%
Master's Degree
Bachelor's Degree
High School Degree
54.7%
Electric Motor Shop
Superior Tooling, Inc.
Engineered Tower Solutions, PLLC
Synthonix, Inc.
Focus Design Builders
The Body Shop
Full Armor Technology & Marketing
Trident Technology Solutions
HemaXa
Ultra Electronics Ocean Systems
Inventure Civil, LLC
Wineman Technology
23.8% HIGHER than the U.S. average
Moffat Pipe / Properties, Inc.
Wireless Research Center of North Carolina
Source: 2013-2017 American Community Survey 5-Year Estimates *25 years or older.
of Wake Forest residents have a bachelor's degree or higher*
Education
HIGHER EDUCATION
K-12 EDUCATION
160,471 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 187 Public Schools.
NC State, UNC and Duke combine to conduct $2.8 BILLION
18,258 students
in research every year
attend one of Wake County's 78 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 2,248 private-sector employees in 2018
Wake Forest is part of the award-winning Wake County Public School System. Wake Forest residents have easy access to:
19 Public Schools
176,000 students enrolled at area colleges and universities Located in Downtown Wake Forest,
7 Charter Schools
Southeastern Baptist Theological Seminary supports 1,734 full-time jobs and has a direct annual economic impact of $41.1 MILLION
4 Private Schools
Taxes & Utilities Development Activity STATE AND LOCAL TAXES
Water and Sewer City of Raleigh1
1. Current water capacity = 6.7 million gpd. Current sewer capacity = 4.6 million gpd.
'09
'11
'16
'17
775
'13
754
'12
548
'10
817
'08
823
Telecommunications AT&T CenturyLink Spectrum Ting Verizon Windstream
728
Gas PSNC Energy
736
600 400
UTILITIES Electric Wake Forest Power Wake Electric Duke Energy
800
364
* Per $100 of assessed value.
1000
394
$1.174 Total*
1200
212
$0.520 Wake Forest $0.654 Wake County
Sales Tax
RESIDENTIAL BUILDING PERMITS ISSUED (NEW STARTS, BY YEAR)
248
Property Tax
Corporate Tax
689
Personal Income Tax
904
5.25% 2.5% 7.25%
200 0
'06
'07
'14
'15
'18
Source: 2006-2018 Wake Forest Planning Department and Inspections Department
117 non-residential permits valued at $67.9 MILLION were issued in 2018.
Proudly supported by...
ÂŽ
301 S. Brooks St. | Wake Forest, NC 27587 919.435.9420 | discoverwakeforest.org