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8 miles of developed & 50 miles of natural greenways in the Wake Forest system

89% of population is less than 65 years old

9th fastest growing municipality in the state of North Carolina

2017

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 41,000 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 – 2016) 60000 50000

189%

55,702 (2025 EST.)

41,157

population growth

40000

(2000 – 2016)

30000

30,818 14,228

20000 10000

1,443

853

0 1880

1900

3,704

1,536 1920

1940

5,581

3,148 1960

1980

2000

2020

2040

Source: NC Office of State Budget & Management, US Census & Wake Forest Planning Department

MEDIAN HOUSEHOLD INCOME

ETHNICITY & GENDER

$80K

77% White 16.4% Black or African American 2.9% Asian 2.2% Two or more races 1.4% Some other race 0.1% American Indian or Alaska Native

$77,173

$70K

Wake Forest

$60K $50K

US

$40K

NC

$30K 2000

2010

$53,482 $46,693

6.4% of the population is recorded as being of Hispanic or Latino Origin (of any race)

2014

Source: 2010-2014 American Community Survey 5-Year Estimates

Source: US Census and 2010-2014 American Community Survey 5-Year Estimates

49.7%

50.3%

Male

Female

Transportation AIR

400+ FLIGHTS SEVEN 47

Select Tech Hubs and International Flights Include:

on

major airlines

to

non-stop destinations daily

RDU International Airport is only 22 miles, or about 30 minutes, from Downtown Wake Forest.

n Austin

n Dallas

n Miami

n San

n Cancun

n London

n New

n Seattle

n Chicago

n Los

n Paris

Angeles

York

Francisco

n Toronto

Learn more about air transportation at www.rdu.com.

RAIL Freight service is provided by Norfolk Southern. www.nscorp.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


Workforce WAKE FOREST POPULATION BY INDUSTRY (AGE 16+) Retail trade

Public administration

5.6%

Wholesale trade

3.9%

11.7%

Construction Agriculture, forestry, fishing and hunting, and mining

.3%

Transportation and warehousing, and utilities

5.3%

Arts, entertainment, and recreation, and accommodation and food services

7.2%

Educational services, and health care and social assistance

23.7%

3.1%

Information

2.7%

16.1%

Professional, scientific, and management, and administrative and waste management services

Other services, except public administration

3.4%

8.8%

Finance and insurance, and real estate and rental and leasing

Manufacturing

8.2%

Source: 2010-2014 American Community Survey 5-Year Estimates

UNEMPLOYMENT RATES OVER TIME

LABOR FORCE

12 Wake Forest (10 mile radius) 74,833

10 8

Wake County 554,649

6

Raleigh-Cary MSA 675,157

4

Raleigh-Durham CSA 1,087,516

2

Source: ESRI and 2010-2014 American Community Survey 5-Year Estimates

Wake Forest Wake County

0 2010

AMAZING CORPORATE CITIZENS Company Names AMS Software, Inc.

PowerSecure International, Inc.

BTC Electronic Components

Professional Builders Supply, LLC

Carolina Sunrock, LLC

Ruocchio Designs, Inc.

CenturyLink

RxMedic Systems, Inc.

Cornerstone Technical Solutions

Solutions-ITS

Ral-Dur CSA US NC

2012

2014

2016

Source: NC Department Of Commerce, Labor & Economic Analysis Division

EDUCATIONAL ATTAINMENT

17%

33.5%

94.8%

Master's Degree

Bachelor's Degree

High School Degree

East Coast Drilling & Blasting, Inc. Storeworks Electric Motor Shop

Superior Tooling, Inc.

Engineered Tower Solutions, PLLC

Synthonix, Inc.

IPLS Consulting

Trident Technology Solutions

Inventure Civil, LLC

Ultra Electronics 3 Phoenix

Moffat Pipe, Inc.

Wireless Research Center of North Carolina

OVER 50% of Wake Forest residents have a bachelor's degree or higher*

18% HIGHER than the U.S. average Source: 2010-2014 American Community Survey 5-Year Estimates *25 years or older.


Education

HIGHER EDUCATION

K-12 EDUCATION

157,180 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 171 Public Schools.

NC State, UNC and Duke

17,589 students

$2.5 BILLION in research every year

attend one of Wake County's 84 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)

combine to conduct almost

Wake Tech provided customized training to 2000 private-sector employees in 2016

Wake Forest is part of the award-winning Wake County Public School System. Wake Forest residents have easy access to:

18 Public Schools

175,000 students enrolled at area colleges and universities Located in downtown Wake Forest,

5 Charter Schools

Southeastern Baptist Theological Seminary supports 1,430 full-time jobs and has a direct annual economic impact of $37.5 MILLION

4 Private Schools

Taxes & Utilities Development Activity STATE AND LOCAL TAXES

Gas PSNC Energy Water and Sewer City of Raleigh1

1. Current water capacity = 6.2 million gpd. Current sewer capacity = 4.3 million gpd.

Telecommunications AT&T CenturyLink Spectrum Verizon Windstream

212

400

UTILITIES Electric Wake Forest Power Wake Electric Duke Energy

248

600

823

754 548

800

728

1000

736

$1.1205 Total**

364

** Will increase to 7.25% with recent passage of transportation bond. ** Per $100 of assessed value.

1200

394

$0.5200 Wake Forest $0.6005 Wake County

Sales Tax*

RESIDENTIAL BUILDING PERMITS ISSUED (NEW STARTS, BY YEAR)

689

Property Tax

Corporate Tax

904

Personal Income Tax

1006

5.49% 3.0% 6.75%

200 0

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Source: Wake Forest Planning Department and Inspections Department

134 non-residential permits valued at $37.4 MILLION were issued in 2016.

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Wake Forest, NC Community Profile  
Wake Forest, NC Community Profile  

Discover Wake Forest, a vibrant community in one of the nation's fastest growing regions.