Wake Forest, NC

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Population

38,473

5.49% growth

Median Age

35.7


Median Household Income

$85,155

4.87% growth

Poverty Rate

6.21%


Number of Employees

18,183

5.84% growth

Median Property Value

$278,600

3.07% growth

About

In 2017, Wake Forest, NC had a population of 38.5k people with a median age of 35.7 and a median household income of $85,155. Between 2016 and 2017 the population of Wake Forest, NC grew from 36,472 to 38,473, a 5.49% increase and its median household income grew from $81,200 to $85,155, a 4.87% increase.

The population of Wake Forest, NC is 75.3% White Alone, 14.4% Black or African American Alone, and 4.81% Hispanic or Latino. N/A% of the people in Wake Forest, NC speak a non-English language, and 97.9% are U.S. citizens.

The largest universities in Wake Forest, NC are Southeastern Baptist Theological Seminary (432 degrees awarded in 2016).

The median property value in Wake Forest, NC is $278,600, and the homeownership rate is 70.5%. Most people in Wake Forest, NC commute by Drove Alone, and the average commute time is 25.9 minutes. The average car ownership in Wake Forest, NC is 2 cars per household.

About the photo: Crabtree Creek Greenway, Raleigh, NC

Economy

The economy of Wake Forest, NC employs 18.2k people. The largest industries in Wake Forest, NC are Health Care & Social Assistance (2,323 people), Professional, Scientific, & Technical Services (2,186 people), and Educational Services (2,178 people), and the highest paying industries are Manufacturing ($94,958), Professional, Scientific, & Technical Services ($79,310), and Agriculture, Forestry, Fishing & Hunting, & Mining ($78,839).

Median household income in Wake Forest, NC is $85,155. Males in Wake Forest, NC have an average income that is 1.34 times higher than the average income of females, which is $44,729. The income inequality in Wake Forest, NC (measured using the Gini index) is 0.473, which is lower than than the national average.

Wages

Median Household Income

$85,155

2017 value

± $3,889

4.87%

1 Year Growth

± 6.9%

Households in Wake Forest, NC have a median annual income of $85,155, which is more than the median annual income of $60,336 across the entire United States. This is in comparison to a median income of $81,200 in 2016, which represents a 4.87% annual growth.

Look at the chart to see how the median household income in Wake Forest, NC compares to that of it's neighboring and parent geographies.

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Wage by Gender in Common Jobs

The PUMS dataset is not available at the Place level, so we are showing data for North Carolina.

$59,982

Average Male Salary

± $1,136

$44,729

Average Female Salary

± $812

In 2017, full-time male employees in North Carolina made 1.34 times more than female employees.

This chart shows the gender-based wage disparity in the 5 most common occupations in North Carolina by number of full-time employees.

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Wage by Race and Ethnicity in Common Jobs

The PUMS dataset is not available at the Place level, so we are showing data for North Carolina.

Highest Average Salaries by Race & Ethnicity

  1. Asian

    $59,267 ± $4,472

  2. White

    $49,962 ± $811

  3. Two or More Races

    $36,539 ± $3,942

In 2017 the highest paid race/ethnicity of North Carolina workers was Asian. These workers were paid 1.19 times more than White workers, who made the second highest salary of any race/ethnicity.

This chart shows the race- and ethnicity-based wage disparities in the 5 most common occupations in North Carolina by number of full-time employees.

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Wage Distribution

The closest comparable wage GINI for Wake Forest, NC is from North Carolina.

0.473

2017 Wage GINI

0.471

2016 Wage GINI

In 2017, the income inequality in North Carolina was 0.473 according to the GINI calculation of the wage distribution. Income inequality had a 0.39% growth from 2016 to 2017, which means that wage distribution grew somewhat less even.

The 2017 the GINI for North Carolina was lower than than the national average of 0.479. In other words, wages are distributed more evenly in North Carolina in comparison to the national average.

This chart shows the number of workers in North Carolina across various wage buckets compared to the national average.

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Income by Location

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Highest Median Household Income (Total)

  1. Census Tract 542.03

  2. Census Tract 542.11

  3. Census Tract 542.09

In 2017, the place with the highest Median Household Income (Total) in Wake Forest, NC was Census Tract 542.03 with a value of $122,868, followed by Census Tract 542.11 and Census Tract 542.09, with respective values of $100,971 and $100,088.

The following map shows all of the places in Wake Forest, NC colored by their Median Household Income (Total).

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Poverty by Age and Gender

Females 18 - 24

Largest Demographic Living in Poverty

6.21% of the population for whom poverty status is determined in Wake Forest, NC (2.36k out of 38.1k people) live below the poverty line, a number that is lower than the national average of 13.4%. The largest demographic living in poverty are Females 18 - 24, followed by Males 25 - 34 and then Females 45 - 54.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.

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Poverty by Race and Ethnicity

Largest Race or Ethnicity Living in Poverty

  1. White

    1,229 ± 264

  2. Black

    855 ± 258

  3. Two Or More

    186 ± 145

The most common racial or ethnic group living below the poverty line in Wake Forest, NC is White, followed by Black and Two Or More.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.

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Occupations

Employment by Occupations

18.2k

2017 Value

± 955

5.84%

1 Year growth

± 7.07%

From 2016 to 2017, employment in Wake Forest, NC grew at a rate of 5.84%, from 17.2k employees to 18.2k employees.

The most common job groups, by number of people living in Wake Forest, NC, are Management Occupations (2,805 people), Sales & Related Occupations (2,445 people), and Office & Administrative Support Occupations (2,103 people). This chart illustrates the share breakdown of the primary jobs held by residents of Wake Forest, NC.

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Most Common

The most common jobs held by residents of Wake Forest, NC, by number of employees, are Management Occupations (2,805 people), Sales & Related Occupations (2,445 people), and Office & Administrative Support Occupations (2,103 people).

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Most Specialized

Compared to other places, Wake Forest, NC has an unusually high number of residents working as Life, Physical, & Social Science Occupations (2.03 times higher than expected), Business & Financial Operations Occupations (1.85 times), and Computer & Mathematical Occupations (1.84 times).

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Highest Paid

The highest paid jobs held by residents of Wake Forest, NC, by median earnings, are Architecture & Engineering Occupations ($105,000), Computer & Mathematical Occupations ($87,468), and Computer, Engineering, & Science Occupations ($85,032).

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Industries

Employment by Industries

18.2k

2017 Value

± 955

5.84%

1 Year growth

± 7.07%

From 2016 to 2017, employment in Wake Forest, NC grew at a rate of 5.84%, from 17.2k employees to 18.2k employees.

The most common employment sectors for those who live in Wake Forest, NC, are Health Care & Social Assistance (2,323 people), Professional, Scientific, & Technical Services (2,186 people), and Educational Services (2,178 people). This chart shows the share breakdown of the primary industries for residents of Wake Forest, NC, though some of these residents may live in Wake Forest, NC and work somewhere else. Census data is tagged to a residential address, not a work address.

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Most Common

The most common industries in Wake Forest, NC, by number of employees, are Health Care & Social Assistance (2,323 people), Professional, Scientific, & Technical Services (2,186 people), and Educational Services (2,178 people).

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Most Specialized

Compared to other places, Wake Forest, NC has an unusually high number of Professional, Scientific, & Technical Services (1.72 times higher than expected), Information (1.34 times), and Finance & Insurance (1.3 times) industries.

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Highest Paying

The highest paying industries in Wake Forest, NC, by median earnings, are Manufacturing ($94,958), Professional, Scientific, & Technical Services ($79,310), and Agriculture, Forestry, Fishing & Hunting, & Mining ($78,839).

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Domestic Trade

Domestic Production & Consumption

Domestic production and consumption consists of products and services shipped from North Carolina to other states, or from other states to North Carolina.

Top Domestic Production in Dollars

  1. $50.4B

  2. $35.3B

  3. $34.5B

In 2015, the top outbound North Carolina product (by dollars) was Mixed freight with $50.4B, followed by Pharmaceuticals ($35.3B) and Machinery ($34.5B).

The following chart shows the share of these products in relation to all outbound North Carolina products.

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Domestic Trade Growth

Showing data for North Carolina state.

$407B

2015 Value

$632B

Projected 2045 Value

55.4% growth

In 2015, total outbound North Carolina trade was $407B. This is expected to increase 55.4% to $632B by 2045.

The following chart shows how the domestic outbound North Carolina trade is projected to change in comparison to its neighboring states.

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Interstate Trade

Interstate trade consists of products and services shipped from North Carolina to other states, or from other states to North Carolina.

Most Common Trade Partners

  1. $25.6B

  2. $25.4B

  3. $25.2B

In 2015, the top outbound North Carolina domestic partner for goods and services (by dollars) was South Carolina with $25.6B, followed by Georgia with $25.4B and Virginia and $25.2B.

The following map shows the amount of trade that North Carolina shares with each state (excluding itself).

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Health

96.2% of the population of Wake Forest, NC has health coverage, with 62.1% on employee plans, 7.65% on Medicaid, 8.49% on Medicare, 16.7% on non-group plans, and 1.31% on military or VA plans.

Per capita personal health care spending in the place of Wake Forest, NC was $7,264 in 2014. This is a 3.37% increase from the previous year ($7,027).

Primary care physicians in Wake Forest, NC see 1417 patients per year on average, which represents a 0.496% increase from the previous year (1410 patients). Compare this to dentists who see 1829 patients per year, and mental health providers who see 464 patients per year.

Comparing across all counties in the state, Edgecombe County has the highest prevalence of diabetes (16.2%). Additionally, Hertford County has the highest prevalence of adult obesity (40.5%)

Patient to Clinician Ratios

Data is only available at the state level. Showing data for North Carolina.

1,417 to 1

Patient to Primary Care Physician Ratio

Primary care physicians in North Carolina see an average of 1,417 patients per year. This represents a 0.496% increase from the previous year (1,410 patients).

The following chart shows how the number of patients seen by primary care physicians has been changing over time in North Carolina in comparison to neighboring states.

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Behavioral Health Conditions

Data only available at the state level.

State with the Highest Prevalence

  1. 8.26% of the population affected

  2. 8.13% of the population affected

  3. 7.98% of the population affected

In 2016, West Virginia had the highest prevalence of adults with major depressive episode, with 8.26% of the population affected. The second highest is Arkansas (8.13%), followed by New Hampshire (7.98%).

The following map shows the percent of individuals with major depressive episode by state over multiple years.

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Access and Quality

Data only available at state level.

Most prevalent states

  1. 19.2% of adults

  2. 17.9% of adults

  3. 17.6% of adults

In 2016, Mississippi had the highest prevalence of adults who haven't seen a doctor in the past 12 months due to cost, at 19.2%. It is followed by Texas (17.9%) and Louisiana (17.6%).

The following map shows the prevalence of adults who haven't seen a doctor in the past 12 months due to cost by state over multiple years.

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Health Care Spending

Data is only available at the state level. Showing data for North Carolina.

$7,264

Total Per Capita Spending on Personal Health Care 

$3,859

Per Enrollee Private Health Insurance Spending on Personal Health Care

$7,225

Per Enrollee Medicaid Spending on Personal Health Care

$10,260

Per Enrollee Medicare Spending on Personal Health Care

Between 2013 and 2014, all personal health care spending per capita in North Carolina (including private, Medicare, and Medicaid) grew 3.37%, from $7,027 to $7,264.

The following chart shows how this spending changed over time in comparison to Medicaid, Medicare, and private insurance spending, per enrollee.

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Health Care Coverage

3.76%

Uninsured

62.1%

Employer Coverage

7.65%

Medicaid

8.49%

Medicare

16.7%

Non-Group

1.31%

Military or VA

Between 2016 and 2017, the percent of uninsured citizens in Wake Forest, NC declined by 13.8% from 4.37% to 3.76%.

The following chart shows how the percent of uninsured individuals in Wake Forest, NC changed over time compared with the percent of individuals enrolled in various types of health insurance.

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Health Risks

Data available at the county level.

Most at risk counties

  1. 16.2% prevalence

  2. 16.1% prevalence

  3. 16% prevalence

Edgecombe County has the highest prevalence of diabetes in North Carolina, at 16.2%.

The following map shows the prevalence of diabetes in North Carolina by county over multiple years.

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Diversity

Wake Forest, NC is home to a population of 38.5k people, from which 97.9% are citizens. As of 2017, N/A% of Wake Forest, NC residents were born outside of the country (2.13k people).

The ethnic composition of the population of Wake Forest, NC is composed of 29k White Alone residents (75.3%), 5.53k Black or African American Alone residents (14.4%), 1.85k Hispanic or Latino residents (4.81%), 1.47k Two or More Races residents (3.82%), 584 Asian Alone residents (1.52%), 30 American Indian & Alaska Native Alone residents (0.078%), 21 Some Other Race Alone residents (0.0546%), and 8 Native Hawaiian & Other Pacific Islander Alone residents (0.0208%).

The most common foreign languages spoken in Wake Forest, NC are N/A.

Age

Age by Nativity

34

Median Native-Born Age

± 1.7

46

Median Foreign-Born Age

± 4.4

In 2017, the median age of all people in Wake Forest, NC was 35.7. Native-born citizens, with a median age of 34, were generally younger than than foreign-born citizens, with a median age of 46. But people in Wake Forest, NC are getting getting older. In 2016, the average age of all Wake Forest, NC residents was 36.

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Heritage

Foreign-Born Population

2017 Foreign-Born Population

  1. N/A%

    2.13k people

  2. N/A%

    N/A people

As of 2017, N/A% of Wake Forest, NC residents (2.13k people) were born outside of the United States, which is approximately the same as the national average of 13.7%. In 2017, the percentage of foreign-born citizens in Wake Forest, NC was N/A%, meaning that the rate has been maintaining.

The following chart shows the percentage of foreign-born residents in Wake Forest, NC compared to that of it's neighboring and parent geographies.

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Global Diversity

The PUMS dataset is not available at the Place level, so we are showing data for North Carolina.

Most Common Origin

  1. Mexico

    242,756 ± 11,950 people

  2. India

    60,392 ± 6,015 people

  3. Honduras

    34,513 ± 4,553 people

In 2017, the most common birthplace for the foreign-born residents of North Carolina was Mexico, the natal country of 242,756 North Carolina residents, followed by India with 60,392 and Honduras with 34,513.

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Citizenship

97.9%

2017 Citizenship

98%

2016 Citizenship

As of 2017, 97.9% of Wake Forest, NC residents were US citizens, which is higher than the national average of 93.1%. In 2016, the percentage of US citizens in Wake Forest, NC was 98%, meaning that the rate of citizenship has been decreasing.

The following chart shows US citizenship percentages in Wake Forest, NC compared to that of it's neighboring and parent geographies.

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Race and Ethnicity

Most Common

  1. White Alone

    29k ± 902

  2. Black or African American Alone

    5.53k ± 745

  3. Hispanic or Latino

    1.85k ± 497

In 2017, there were 5.24 times more White Alone residents (29k people) in Wake Forest, NC than any other race or ethnicity. There were 5.53k Black or African American Alone and 1.85k Hispanic or Latino residents, the second and third most common racial or ethnic groups.

The following bar chart shows the 8 races and ethnicities represented in Wake Forest, NC as a share of the total population.

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Non-English Speakers

Most Common Languages

  1. N/A

    N/A speakers (N/A%)

  2. N/A

    N/A speakers (N/A%)

  3. N/A

    N/A speakers (N/A%)

N/A% of Wake Forest, NC citizens are speakers of a non-English language, which is approximately the same as the national average of 21.8%. In N/A, the most common non-English language spoken in Wake Forest, NC was N/A. N/A% of the overall population of Wake Forest, NC are native N/A speakers. N/A% speak N/A and N/A% speak N/A, the next two most common languages.

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Military

Veterans

Most Common Service Period

  1. Vietnam

    668 ± 160

  2. Gulf War (1990s)

    539 ± 162

  3. Gulf War (2001-)

    470 ± 176

Wake Forest, NC has a large population of military personnel who served in Vietnam, 1.24 times greater than any other conflict.

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Education

In 2016, universities in Wake Forest, NC awarded 432 degrees. The student population of Wake Forest, NC is skewed towards men, with 2,045 male students and 477 female students.

Most students graduating from Universities in Wake Forest, NC are White (356 and 87.5%), followed by Unknown (19 and 4.67%), Asian (11 and 2.7%), and Hispanic or Latino (8 and 1.97%).

The largest universities in Wake Forest, NC by number of degrees awarded are Southeastern Baptist Theological Seminary (432 and 100%).

The most popular majors in Wake Forest, NC are Divinity & Ministry (149 and 34.5%), Christian Studies (78 and 18.1%), and Theological Studies (49 and 11.3%).

The median tuition costs in Wake Forest, NC are $9,960 for private four year colleges, and $N/A and $N/A respectively, for public four year colleges for in-state students and out-of-state students.

Concentrations

Most Common

  1. 40 degrees awarded

  2. 39 degrees awarded

  3. 119 degrees awarded

In 2015, the most common concentation for Masters Degree recipients in Wake Forest, NC was Other Pastoral Counseling & Specialized Ministries with 40 degrees awarded.

This visualization illustrates the percentage of students graduating with a Masters Degree from schools in Wake Forest, NC according to their major.

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Universities

Largest Universities by degrees awarded

432 degrees awarded

$N/A

Median In-State Public

$9,960

Median Private

In 2016, the Wake Forest, NC institution with the largest number of graduating students was Southeastern Baptist Theological Seminary with 432 degrees awarded.

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Student Gender for Common Institutions

339

Degrees Awarded to Men

93

Degrees Awarded to Women

In 2016, 339 men were awarded degrees from institutions in Wake Forest, NC, which is 3.65 times more than the 93 female students who received degrees in the same year.

This chart displays the gender disparity between the institutions in Wake Forest, NC by degrees awarded.

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Student Race and Ethnicity

Most Common Student Race or Ethnicity

  1. White

    356 degrees awarded

  2. Unknown

    19 degrees awarded

  3. Asian

    11 degrees awarded

In 2016 the majority of degrees awarded at institutions in Wake Forest, NC were to White students. These 356 degrees mean that there were 18.7 times more White students then the next closest race/ethnicity group, Unknown, with 19 degrees awarded.

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Housing & Living

The median property value in Wake Forest, NC was $278,600 in 2017, which is 1.28 times larger than the national average of $217,600. Between 2016 and 2017 the median property value increased from $270,300 to $278,600, a 3.07% increase. The homeownership rate in Wake Forest, NC is 70.5%, which is higher than the national average of 63.9%. People in Wake Forest, NC have an average commute time of 25.9 minutes, and they commute by Drove Alone. Car ownership in Wake Forest, NC is approximately the same as the national average, with an average of 2 cars per household.

Income

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.

$85,155

Median Household Income

± $3,889

13.2k

Number of Households

± 811

In 2017, the median household income of the 13.2k households in Wake Forest, NC grew to $85,155 from the previous year's value of $81,200.

The following chart displays the households in Wake Forest, NC distributed between a series of income buckets compared to the national averages for each bucket. The largest share of households have an income in the $75k - $100k range.

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Housing

Property Value

$278,600

2017 Median

± $10,142

$270,300

2016 Median

± $6,790

In 2017, the median property value in Wake Forest, NC grew to to $278,600 from the previous year's value of $270,300.

The following charts display, first, the property values in Wake Forest, NC compared to it's parent and neighbor geographies and, second, owner-occupied housing units distributed between a series of property value buckets compared to the national averages for each bucket. In Wake Forest, NC the largest share of households have a property value in the $300k - $400k range.

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Property Taxes

$3k+

Average Range

This chart shows the households in Wake Forest, NC distributed between a series of property tax buckets compared to the national averages for each bucket. In Wake Forest, NC the largest share of households pay taxes in the $3k+ range.

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Rent vs Own

70.5%

2017 Homeownership

70%

2016 Homeownership

In 2017, 70.5% of the housing units in Wake Forest, NC were occupied by their owner. This percentage grew from the previous year's rate of 70%.

This percentage of owner-occupation is higher than the national average of 63.9%. This chart shows the ownership percentage in Wake Forest, NC compared it's parent and neighboring geographies.

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Transportation

Car Ownership

2 cars

Average Number

The following chart displays the households in Wake Forest, NC distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Wake Forest, NC have 2 cars, followed by 3 cars.

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Commute Time

25.9 minutes

Average Travel Time

Using averages, employees in Wake Forest, NC have a longer commute time (25.9 minutes) than the normal US worker (25.1 minutes). Additionally, 1.77% of the workforce in Wake Forest, NC have "super commutes" in excess of 90 minutes.

The chart below shows how the median household income in Wake Forest, NC compares to that of it's neighboring and parent geographies.

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Commuter Transportation

Most Common Method of Travel

  1. Drove Alone

    81.1%

  2. Worked At Home

    11%

  3. Carpooled

    6.18%

In 2017, the most common method of travel for workers in Wake Forest, NC was Drove Alone (81.1%), followed by those who Worked At Home (11%) and those who Carpooled (6.18%).

The following chart shows the number of households using each mode of transportation over time, using a logarithmic scale on the y-axis to help better show variations in the smaller means of commuting.

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