Page 1

ÂŽ

13.6 miles of developed & 39.7 miles of natural greenways in the Wake Forest system

89.5% of population less than 65 years old

9th fastest growing of 552 municipalities in North Carolina

2018

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 43,000 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 – 2017)

50000

203%

40000

population growth

60000

55,702 (2025 EST.)

(2000 – 2017)

30000

43,076 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 79% White 14.3% Black or African American 4.3% Two or more races 1.5% Asian 0.8% Some other race 0.1% American Indian or Alaska Native

$90K

$81,200

$80K

Wake Forest

$70K $60K

$55,322 $48,256

US

$50K

NC

$40K $30K 2000

2012

5.4% of the population is recorded as being of Hispanic or Latino Origin (of any race)

2016

Source: US Census and 2012-2016 American Community Survey 5-Year Estimates

Source: 2012-2016 American Community Survey 5-Year Estimates

48.2%

51.8%

Male

Female

Transportation AIR

400+ FLIGHTS 10 54 on

major airlines to

non-stop destinations daily

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

Select Tech Hubs and International Flights Include: n Austin

n Dallas

n Miami

n San

n Boston

n Houston

n New

n Seattle

n Cancun

n London

n Paris

n Toronto

n Chicago

n Los

n San

n Washington,

Angeles

York

Antonio

Francisco

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

RAIL Freight service is provided by CSX Corporation. www.csx.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.aspx.

DC


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

Public administration

4.8%

Wholesale trade

3.2%

10.5%

Construction Agriculture, forestry, fishing and hunting, and mining

4.2%

.3%

Transportation and warehousing, and utilities

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

8.6%

Educational services, and health care and social assistance

25.5%

2.8%

Information

3.1%

14.6%

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

Other services, except public administration

4.4% 9.6%

Finance and insurance, and real estate and rental and leasing

Manufacturing

8.4%

Source: 2012-2016 American Community Survey 5-Year Estimates

UNEMPLOYMENT RATES OVER TIME

LABOR FORCE

12 Wake Forest (10 mile radius) 77,803

10 8

Wake County 573,294

6

Raleigh-Cary MSA 696,811

4

Raleigh-Durham CSA 1,118,487

2

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

Wake Forest Wake County

0 2010

AMAZING CORPORATE CITIZENS AccuTech USA

Moffat Pipe / Properties, Inc.

AMS Software, Inc.

PowerSecure International, Inc.

BTC Electronic Components

Professional Builders Supply, LLC

Carolina Sunrock, LLC

Radeas Laboratories

CenturyLink

Redwood Productions

Cornerstone Technical Solutions

Ruocchio Designs, Inc.

Curasan

RxMedic Systems, Inc.

DataTek

Stewart Engineers

Delta Gypsum

Storeworks

East Coast Drilling & Blasting, Inc. Sugar Maple Interactive, LLC Electric Motor Shop

Superior Tooling, Inc.

Engineered Tower Solutions, PLLC

Synthonix, Inc.

Focus Design Builders

The Body Shop

FokusLabs

Trident Technology Solutions

HemaXa

Ultra Electronics Ocean Systems

IPLS Consulting

Uptone Pictures

Inventure Civil, LLC

Wireless Research Center of North Carolina

Ral-Dur CSA US NC

2011

2012

2013

2014

2015

2016

2017

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

EDUCATIONAL ATTAINMENT

16.9%

37.1%

95.4%

Master's Degree

Bachelor's Degree

High School Degree

54% of Wake Forest residents have a bachelor's degree or higher*

23.7% HIGHER than the U.S. average Source: 2012-2016 American Community Survey 5-Year Estimates *25 years or older.


Education

HIGHER EDUCATION

K-12 EDUCATION

160,429 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 183 Public Schools.

NC State, UNC and Duke combine to conduct $2.5 BILLION

17,547 students

in research every year

attend one of Wake County's 76 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)

Wake Tech provided customized training to 1,637 private-sector employees in 2017

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

15 Public Schools

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

7 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 = 6.5 million gpd. Current sewer capacity = 4.5 million gpd.

Telecommunications AT&T CenturyLink Spectrum Verizon Windstream

817

823

754 548

728

736

600 400

UTILITIES Electric Wake Forest Power Wake Electric Duke Energy

800

364

* Per $100 of assessed value.

1000

394

$1.135 Total*

1200

212

$0.520 Wake Forest $0.615 Wake County

Sales Tax

RESIDENTIAL BUILDING PERMITS ISSUED (NEW STARTS, BY YEAR)

248

Property Tax

Corporate Tax

689

Personal Income Tax

904

5.49% 3.0% 7.25%

200 0

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

Source: Wake Forest Planning Department and Inspections Department

151 non-residential permits valued at $44.1 MILLION were issued in 2017.

Proudly supported by...

ÂŽ

301 S. Brooks St. | Wake Forest, NC 27587 919.435.9420 | discoverwakeforest.org

Wake Forest, NC Community Profile – 2018  

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

Wake Forest, NC Community Profile – 2018  

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