10
TH
®
fastest growing of 552 municipalities in North Carolina
54.6%
of Wake Forest residents have a Bachelor's Degree or higher
2021
Wake Forest Community Profile Wake Forest is part of North Carolina's thriving Research Triangle Region & just minutes from downtown Raleigh. The Town's 50,000+ residents & flourishing business base combine to create a wonderfully vibrant community.
15.5 miles of
developed & 50+ miles of local greenways and over 1,000 acres of community parks and open space in the Wake Forest system
Our Location
NC Mountains 3 hours
NC Beaches 2.5 hours
Duke University 30 miles
Research Triangle Park
UNC Chapel Hill 37 miles
NC State University
RDU Int'l Airport
26 miles
Downtown Raleigh 17 miles
20 miles
24 miles
Population Characteristics
WAKE FOREST POPULATION GROWTH (1890 – 2021) 68,315
80000 60000
88.5%
50000 40000
50,244
of population is less than 65 years old
(2021)
253%
30,818
30000
14,228
20000 10000
1,443
853
0 1880
1900
3,704
1,536 1920
(2028 EST.)
1940
3,148 1960
population increase
5,581 1980
(2000 – 2021) 2000
2020
2040
2060
Source: Office of State Budget and Management, US Census and Wake Forest Planning Department
RETAIL & TRADE
5 Minute DT
10 Minute DT
Trade Area
2020 Estimated Population
23,224
87,923
207,755
Daytime Population
38,669
97,599
154,179
Median HH Income
$82,856
$88,584
$80,724
8,617
31,657
75,173
Number of Households
MEDIAN HOUSEHOLD INCOME NC
US
Wake Forest
$92,210
$90K
ETHNICITY & GENDER
$80K $70K
$54,602
$50K $40K 2000
2012
$62,843
Male
$60K
$30K
47%
2019
Source: 2019 American Community Survey 5-Year Estimates, 2012 American Community Survey 5-Year Estimates, 2000 Census
53%
Female
78.0% White 14.8% Black or African American 4.0% Two or more races 1.7% Some other race 1.4% Asian 0.1% American Indian or Alaska Native 5.6% of the population is recorded as being of Hispanic or Latino Origin (of any race)
Source: 2015-2019 American Community Survey 5-Year Estimates
Transportation AIR
RAIL
BUS
Freight service is provided by CSX Corporation. www.csx.com. Amtrak offers passenger service at two stations in Wake County. www.ncbytrain.org.
Wake Forest-Raleigh Express & Wake Forest Loop www.wakeforestnc.gov/ busservice.aspx.
30 minutes
400+ flights on 11 major airlines to 36 non-stop destinations daily and 1
international destination daily.*
Learn more: www.rdu.com
*Prior to COVID: 400+ FLIGHTS on 11 major airlines to 57 non-stop destinations and 5 international destinations.
Workforce
TOP 5 INDUSTRY SECTORS BY EMPLOYMENT (AGE 16+)
33.1%
Educational services, health care & social assistance
16.4%
9.9%
Professional, scientific, management & administrative
9.7%
Manufacturing
Retail trade
9.0%
Finance, insurance, real estate, rental & leasing
Source: 2015-2019 American Community Survey 5-Year Estimates
LABOR FORCE
EDUCATIONAL ATTAINMENT
18.2%
124,733 Wake Forest (10 mile radius)
Graduate or Professional Degree
578,147 Wake County
36.4% Bachelors Degree
54.6%
704,473 Raleigh MSA
1,124,958 Raleigh-Durham-Chapel Hill CSA Source: ESRI and Labor & Economic Analysis Division of the North Carolina Department of Commerce
96.6%
of Wake Forest residents have a bachelor's degree or higher
High School Degree
176K
students enrolled at area colleges & universities
21.5% higher than the U.S. average
Source: 2015-2019 American Community Survey 5-Year Estimates
UNEMPLOYMENT RATES OVER TIME 12
Wake Forest
Ral-Dur-Chapel Hill CSA
10
Wake County
NC
US
8 6 4 2 0 2011
2012
2013
2014
2015
Source: Labor & Economic Analysis Division of the North Carolina Department of Commerce
2016
2017
2018
2019
2020
K-12 EDUCATION
HIGHER EDUCATION
Wake Forest is part of the award winning Wake County Public School System, the 14th largest district in the nation. Learn more at wcpss.net.
Wake Forest has easy access to three Tier One research universities, eight four-year colleges & universities, & multiple community colleges.
Wake Tech provided customized training to privatesector employees in 2020
3,338
Wake Forest students enjoy access to:
17
7
4
Public Schools
Charter Schools
Private Schools
Southeastern Baptist Theological Seminary serves 4,780 students & generates a direct annual economic impact of million
NC State, Duke & UNC combine to conduct more than billion in research every year
$2.7
$41.4
Development Activity 212
394
364
736
728
548
754
823
817
775
698
582
1000
248
1200
689
RESIDENTIAL BUILDING PERMITS ISSUED (NEW STARTS, BY YEAR)
'07
'08
'09
'10
'11
'12
'13
'14
'15
'16
'17
'18
'19
'20
800 600 400 200 0 Source: 2007-2020 Wake Forest Planning Department and Inspections Department
Entrepreneurship
State & Local Taxes
80+
5.25% 2.5% 7.25%
Startups launched through support from the Wireless Research Center & RIoT Labs Ecosystem
Personal Income Tax
Corporate Tax
PROPERTY TAX
$0.495 Wake Forest $0.600 Wake County $1.095 Total* * Per $100 of assessed value.
Proudly supported by...
Sales Tax
®
301 Brooks St. Wake Forest, NC 27587 919.435.9420 discoverwakeforest.org