10
TH
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fastest growing of 550 municipalities in North Carolina
54%
of Wake Forest residents have a bachelor's degree or higher
2020
Wake Forest Community Profile Wake Forest is part of North Carolina's thriving Research Triangle Region & just minutes from downtown Raleigh. The Town's 47,000 residents & flourishing business base combine to create a wonderfully vibrant community.
13.6 miles of
developed & 50 miles of natural greenways in the Wake Forest system
Our Location
Duke University 30 miles
UNC Chapel Hill
Research Triangle Park
37 miles
26 miles
RDU Int'l Airport 24 miles
Downtown Raleigh
NC State University 20 miles
17 miles
NC Mountains
NC Beaches
3 hours
2.5 hours
Population Characteristics WAKE FOREST POPULATION GROWTH (1890 – 2018) 80000
74,663
59,674
60000
89.5%
50000 40000
of population is less than 65 years old
47,220
232%
30,818
30000
population increase
14,228
20000 10000
1,443
853
0 1880
1900
3,704
1,536 1920
1940
3,148 1960
(2000 – 2019)
5,581 1980
(2045 EST.)
(2025 EST.)
2000
2020
2040
2060
Source: Office of State Budget and Management, US Census and Wake Forest Planning Department
RETAIL & TRADE
5 Minute DT
10 Minute DT
Trade Area
2019 Estimated Population
30,058
107,638
197,622
Daytime Population
36,783
92,839
146,659
Median HH Income
$80,215
$82,664
$77,750
Number of Households
11,059
39,102
71,319
MEDIAN HOUSEHOLD INCOME $90K
US
Wake Forest $88,394
NC
ETHNICITY & GENDER
$80K
$60K $52,413
$50K $40K $30K 2000
2012
46.7% Male
53.3%
$60,293
$70K
Female
77.1% White 14.7% Black or African American 4.9% Two or more races 1.6% Some other race 1.5% Asian 0.1% American Indian or Alaska Native 5.8% of the population is recorded as being of Hispanic or Latino Origin (of any race)
2018
Source: 2018 American Community Survey 5-Year Estimates, 2012 American Community Survey 5-Year Estimates, 2000 Census
Source: 2014-2018 American Community Survey 5-Year Estimates
Transportation AIR
RAIL
BUS
Freight service is provided by CSX Corporation. www.csx.com. Amtrak offers passenger service at two stations in Wake County. www.ncbytrain.org.
Wake Forest-Raleigh Express & Wake Forest Loop www.wakeforestnc.gov/ busservice.aspx.
30 minutes
400+ flights on 10 major airlines to 61 non-stop destinations daily Learn more: www.rdu.com
Workforce TOP 5 INDUSTRY SECTORS BY EMPLOYMENT (AGE 16+)
24.4%
16.6%
9.3%
9.2%
9.2%
Educational services, health care & social assistance
Professional, scientific, management & administrative
Manufacturing
Retail trade
Arts, entertainment, recreation, accommodation & food services
Source: 2014-2018 American Community Survey 5-Year Estimates
LABOR FORCE
EDUCATIONAL ATTAINMENT
123,586 Wake Forest (10 mile radius)
600,453
17.8%
36.3%
96.2%
Graduate or Professional Degree
Bachelors Degree
High School Degree
Wake County
54.1%
730,741 Raleigh MSA
1,163,223
of Wake Forest residents have a bachelor's degree or higher
176K
students enrolled at area colleges & universities
Raleigh-Durham-Chapel Hill CSA
21.6% higher than the U.S. average
Source: ESRI and Labor & Economic Analysis Division of the North Carolina Department of Commerce
Source: 2014-2018 American Community Survey 5-Year Estimates
UNEMPLOYMENT RATES OVER TIME 12
Wake Forest
Ral-Dur-Chapel Hill CSA
10
Wake County
NC
US
8 6 4 2 0 2010
2011
2012
2013
2014
Source: Labor & Economic Analysis Division of the North Carolina Department of Commerce
2015
2016
2017
2018
2019
K-12 EDUCATION
HIGHER EDUCATION
Wake Forest is part of the award winning Wake County Public School System, the 14th largest district in the nation. Learn more at wcpss.net.
Wake Forest has easy access to three Tier One research universities, eight four-year colleges & universities, & multiple community colleges.
Wake Tech provided customized training to privatesector employees in 2019
2,587
Wake Forest students enjoy access to:
19
7
4
Public Schools
Charter Schools
Private Schools
Southeastern Baptist Theological Seminary serves 4,780 students & generates a direct annual economic impact of million
NC State, Duke & UNC combine to conduct billion in research every year
$2.7
$41.4
Development Activity 248
212
394
364
736
728
548
754
823
817
775
698
1000
689
1200
904
RESIDENTIAL BUILDING PERMITS ISSUED (NEW STARTS, BY YEAR)
'06
'07
'08
'09
'10
'11
'12
'13
'14
'15
'16
'17
'18
'19
800 600 400 200 0
Source: 2006-2019 Wake Forest Planning Department and Inspections Department
Entrepreneurship 80
+
Startups launched through the Wireless Research Center & RIoT Labs Ecosystem
State & Local Taxes
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5.25% 2.5% 7.25% Personal Income Tax
Corporate Tax
Sales Tax
PROPERTY TAX
$0.520 Wake Forest $0.721 Wake County $1.241 Total* * Per $100 of assessed value.
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301 S. Brooks St. Wake Forest, NC 27587 919.435.9420 discoverwakeforest.org