Page 1

ÂŽ

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

9th fastest growing of 552 municipalities in North Carolina

89.1% of population less than 65 years old

2019

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 45,000 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 – 2018) 80000

50000

218%

40000

population growth

30000

(2000 – 2018)

60000

45,264

853

0 1880

1,443 1900

3,704

1,536 1920

1940

(2045 EST.)

(2025 EST.)

30,818 14,228

20000 10000

74,663

59,674

5,581

3,148 1960

1980

2000

2020

2040

2060

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

MEDIAN HOUSEHOLD INCOME

ETHNICITY & GENDER

$90K

78.9% White 14.5% Black or African American 4.1% Two or more races 1.5% Asian 0.9% Some other race 0.1% American Indian or Alaska Native

$85,155

$80K

Wake Forest

$70K $60K

US

$50K

$57,652 $50,320

NC

$40K $30K 2000

2012

4.8% of the population is recorded as being of Hispanic or Latino Origin (of any race)

2017

Source: 2017 American Community Survey 5-Year Estimates, 2012 American Community Survey 5-Year Estimates, 2000 Census

Source: 2013-2017 American Community Survey 5-Year Estimates

47.7%

52.3%

Male

Female

Transportation AIR

400+ FLIGHTS 9 66 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

Francisco

Jose

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

4.7%

Wholesale trade

9.6%

Construction Agriculture, forestry, fishing and hunting, and mining

4.7%

.5%

Transportation and warehousing, and utilities

Educational services, and health care and social assistance

24.7%

3.0%

Information

2.8%

14.8%

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

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

8.9%

3.4%

Other services, except public administration

5.1%

9.3%

Finance and insurance, and real estate and rental and leasing

Manufacturing

8.5%

Source: 2013-2017 American Community Survey 5-Year Estimates

UNEMPLOYMENT RATES OVER TIME

LABOR FORCE

12 Wake Forest (10 mile radius) 96,242

10 8

Wake County 586,132

6

Raleigh MSA 712,963 Raleigh-Durham-Chapel Hill CSA 1,140,069 Source: ESRI and Labor & Economic Analysis Division of the North Carolina Department of Commerce

AMAZING CORPORATE CITIZENS AccuTech USA

PowerSecure International, Inc.

AMS Software, Inc.

Professional Builders Supply, LLC

BTC Electronic Components

Radeas Laboratories

Carolina Sunrock, LLC

Redwood Productions

CenturyLink

ReVibe Technologies

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

4 2

Wake Forest Wake County

0 2010

2011

2012

Ral-Dur-Chapel Hill CSA US NC

2013

2014

2015

2016

2017

2018

Source: Labor & Economic Analysis Division of the North Carolina Department of Commerce

EDUCATIONAL ATTAINMENT

18%

36.7%

95.8%

Master's Degree

Bachelor's Degree

High School Degree

54.7%

Electric Motor Shop

Superior Tooling, Inc.

Engineered Tower Solutions, PLLC

Synthonix, Inc.

Focus Design Builders

The Body Shop

Full Armor Technology & Marketing

Trident Technology Solutions

HemaXa

Ultra Electronics Ocean Systems

Inventure Civil, LLC

Wineman Technology

23.8% HIGHER than the U.S. average

Moffat Pipe / Properties, Inc.

Wireless Research Center of North Carolina

Source: 2013-2017 American Community Survey 5-Year Estimates *25 years or older.

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


Education

HIGHER EDUCATION

K-12 EDUCATION

160,471 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 187 Public Schools.

NC State, UNC and Duke combine to conduct $2.8 BILLION

18,258 students

in research every year

attend one of Wake County's 78 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 2,248 private-sector employees in 2018

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

19 Public Schools

176,000 students enrolled at area colleges and universities Located in Downtown Wake Forest,

7 Charter Schools

Southeastern Baptist Theological Seminary supports 1,734 full-time jobs and has a direct annual economic impact of $41.1 MILLION

4 Private Schools

Taxes & Utilities Development Activity STATE AND LOCAL TAXES

Water and Sewer City of Raleigh1

1. Current water capacity = 6.7 million gpd. Current sewer capacity = 4.6 million gpd.

'09

'11

'16

'17

775

'13

754

'12

548

'10

817

'08

823

Telecommunications AT&T CenturyLink Spectrum Ting Verizon Windstream

728

Gas PSNC Energy

736

600 400

UTILITIES Electric Wake Forest Power Wake Electric Duke Energy

800

364

* Per $100 of assessed value.

1000

394

$1.174 Total*

1200

212

$0.520 Wake Forest $0.654 Wake County

Sales Tax

RESIDENTIAL BUILDING PERMITS ISSUED (NEW STARTS, BY YEAR)

248

Property Tax

Corporate Tax

689

Personal Income Tax

904

5.25% 2.5% 7.25%

200 0

'06

'07

'14

'15

'18

Source: 2006-2018 Wake Forest Planning Department and Inspections Department

117 non-residential permits valued at $67.9 MILLION were issued in 2018.

Proudly supported by...

ÂŽ

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

Profile for Town of Wake Forest

Wake Forest, NC Community Profile – 2019  

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

Wake Forest, NC Community Profile – 2019  

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