8
TH
®
fastest growing of 552 municipalities in North Carolina
54.6%
of Wake Forest residents have a Bachelor's Degree or higher
2022
Wake Forest Community Profile Wake Forest is part of North Carolina's thriving Research Triangle Region & just minutes from downtown Raleigh. The Town's 50,000+ residents & flourishing business base combine to create a wonderfully vibrant community.
50
miles of Over inter-connected Town (15.5 miles) and community greenways and over 1,000 acres of community parks/open spaces within the Wake Forest ecosystem
Our Location
NC Mountains 3 hours
NC Beaches 2.5 hours
Duke University 30 miles
Research Triangle Park
UNC Chapel Hill 37 miles
26 miles
RDU Int'l Airport
NC State University
WAKE FOREST POPULATION GROWTH (1890 – 2021)
75,235
(2030 EST.)
70000
89
40000
50,244
of population is less than 65 years old
%
(2021)
30,818
30000 20000 10000
1,443
853
0 1880
1900
3,704
1,536 1920
118,912
(2040 EST.)
Population Characteristics 50000
17 miles
20 miles
24 miles
60000
Downtown Raleigh
1940
3,148 1960
14,228 5,581 1980
2000
259%
population increase (2000 – 2021) 2020
2040
Source: Office of State Budget and Management, US Census and Wake Forest Planning Department
RETAIL & TRADE
5 Minute DT
10 Minute DT
Trade Area
2021 Estimated Population
25,124
91,685
210,346
Daytime Population
40,216
101,502
160,439
Median HH Income
$89,223
$96,136
$87,316
9,318
33,040
75,953
Number of Households
MEDIAN HOUSEHOLD INCOME NC
US
Wake Forest
$92,210
$90K
ETHNICITY & GENDER
$80K
$60K $54,602
$50K $40K $30K
2000
2012
$62,843
$70K
2019
Source: 2019 American Community Survey 5-Year Estimates, 2012 American Community Survey 5-Year Estimates, 2000 Census
47% Male
53%
Female
74.4% White 14.8% Black or African American 5.6% Hispanic 4.0% Two or more races 1.7% Some other race 1.4% Asian 0.1% American Indian or Alaska Native
Source: 2015-2019 American Community Survey 5-Year Estimates
Transportation AIR
RAIL
BUS
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
600+ flights on 11 major airlines to 42 non-stop destinations daily and 3
international destination daily.*
Learn more: www.rdu.com
*Prior to COVID: 400+ FLIGHTS on 11 major airlines to 57 non-stop destinations and 5 international destinations. ** GoRaleigh buses are fare free until June 2022.
Workforce
TOP 5 INDUSTRY SECTORS BY EMPLOYMENT (AGE 16+)
33.1%
Educational services, health care & social assistance
16.4%
9.9%
Professional, scientific, management & administrative
9.7%
Manufacturing
Retail trade
9.0%
Finance, insurance, real estate, rental & leasing
Source: 2015-2019 American Community Survey 5-Year Estimates
EDUCATIONAL ATTAINMENT
LABOR FORCE
18.2%
124,733 Wake Forest (10 mile radius)
Graduate or Professional Degree
578,147 Wake County
36.4% Bachelors Degree
54.6%
704,473 Raleigh MSA
1,124,958 Raleigh-Durham-Chapel Hill CSA Source: ESRI and Labor & Economic Analysis Division of the North Carolina Department of Commerce
96.6%
of Wake Forest residents have a bachelor's degree or higher
High School Degree
176K
students enrolled at area colleges & universities
21.5% higher than the U.S. average
Source: 2015-2019 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 2011
2012
2013
2014
2015
Source: Labor & Economic Analysis Division of the North Carolina Department of Commerce
2016
2017
2018
2019
2020
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 2020
3,338
Wake Forest students enjoy access to:
17
7
4
Public Schools
Charter Schools
Private Schools
NC State, Duke & UNC combine to conduct more than billion in research every year
Southeastern Baptist Theological Seminary serves 4,780 students & generates a direct annual economic million impact of
$2.7
$41.4
Development Activity 212
394
364
736
728
548
754
823
817
775
698
604
602
1000
248
1200
689
RESIDENTIAL BUILDING PERMITS ISSUED (NEW STARTS, BY YEAR)
'07
'08
'09
'10
'11
'12
'13
'14
'15
'16
'17
'18
'19
'20
'21
800 600 400 200 0 Source: 2007-2020 Wake Forest Planning Department and Inspections Department
Entrepreneurship
State & Local Taxes
80+
4.99% 2.5% 7.25%
Startups launched through support from the Wireless Research Center & RIoT Labs Ecosystem
Personal Income Tax
Corporate Tax
Sales Tax
®
PROPERTY TAX
$0.495 Wake Forest $0.600 Wake County $1.095 Total* * Per $100 of assessed value.
525 South White Street Wake Forest, NC 27587 919.435.9420 discoverwakeforest.org