Wake Forest is a medium-sized town located in the state of North Carolina. With a population of 51,113 people and 15 associated neighborhoods, Wake Forest is the 23rd largest community in North Carolina. Wake Forest 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 Wake Forest, where the median household income is $115,159.00. Wake Forest home prices are not only among the most expensive in North Carolina, but Wake Forest real estate also consistently ranks among the most expensive in America.Wake Forest is a decidedly white-collar town, with fully 89.77% of the workforce employed in white-collar jobs, well above the national average. Overall, Wake Forest is a town of professionals, managers, and sales and office workers. There are especially a lot of people living in Wake Forest who work in management occupations (18.40%), sales jobs (10.91%), and business and financial occupations (10.02%). Also of interest is that Wake Forest has more people living here who work in computers and math than 95% of the places in the US. A relatively large number of people in Wake Forest telecommute to their jobs. Overall, about 22.21% of the workforce works from home. While this may seem like a small number, as a fraction of the total workforce it ranks among the highest in the country. 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. In Wake Forest, however, the average commute to work is quite long. On average, people spend 32.66 minutes each day getting to work, which is significantly higher than the national average. If knowledge is power, Wake Forest is a pretty powerful place. 57.76% of the adults in Wake Forest have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns. The per capita income in Wake Forest in 2022 was $47,191, which is wealthy relative to North Carolina and the nation. This equates to an annual income of $188,764 for a family of four. Wake Forest is an extremely ethnically-diverse town. The people who call Wake Forest home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Wake Forest residents report their race to be White, followed by Black or African-American. Important ancestries of people in Wake Forest include English, German, Irish, Italian, and Scottish. The most common language spoken in Wake Forest is English. Other important languages spoken here include Spanish and African languages.
