Woodfin is a somewhat small town located in the state of North Carolina. With a population of 8,072 people and two associated neighborhoods, Woodfin is the 116th largest community in North Carolina. Woodfin has seen a significant amount of newer housing growth in recent years. Quite often, new home construction is the result of new residents moving in who are middle class or wealthier, attracted by jobs, a healthy local economy, or other amenities as they leave nearby or far away areas for greener pastures. This seems to be the case in Woodfin, where the median household income is $59,144.00.

Woodfin real estate is some of the most expensive in North Carolina, although Woodfin house values don't compare to the most expensive real estate in the U.S.

Of important note, Woodfin is also a town of artists. Woodfin has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Woodfin’s character.

One interesting thing about the economy is that relatively large numbers of people worked from their home: 20.21% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

The population of Woodfin is very well educated relative to most cities and towns in the nation, where the average community has 21.84% of its adult population holding a 4-year degree or higher: 38.22% of adults in Woodfin have a bachelor's degree or even advanced degree.

The per capita income in Woodfin in 2022 was $37,727, which is upper middle income relative to North Carolina and the nation. This equates to an annual income of $150,908 for a family of four. However, Woodfin contains both very wealthy and poor people as well.

Woodfin is a somewhat ethnically-diverse town. The people who call Woodfin home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Woodfin residents report their race to be White, followed by Black or African-American. Important ancestries of people in Woodfin include English, German, Irish, Italian, and European.

The most common language spoken in Woodfin is English. Other important languages spoken here include Spanish and Italian.