Wake Forest is part of North Carolina's thriving Research Triangle Region & just minutes from downtown Raleigh. The Town's 55,000+ residents & flourishing business base combine to create a wonderfully vibrant community. Wake Forest Community Profile 2023 8th fastest growing of 552 municipalities in NC
2.3%
1.7%
5 Minute DT 10 Minute DT Trade Area 2022 Estimated Population 47,630 112,681 215,380 Daytime Population 47,758 95,577 159,856 Median HH Income $105,620 $110,653 $102,837 Number of Households 18,172 41,030 77,765 RETAIL & TRADE
& ETHNICITY
White
Black or African American
Two or more races
GENDER
70.4%
17.8%
6.7%
Asian
Some other race
American Indian or Alaska Native 7.0% of the population is recorded as being of Hispanic or Latino Origin (of any race) Source: 2016-2021 American Community Survey 5-Year Estimates 48.6% Male 51.4% Female Duke University 30 miles NC State University 20 miles UNC Chapel Hill 37 miles Research Triangle Park 26 miles Downtown Raleigh 17 miles RDU Int'l Airport 24 miles NC Beaches 2.5 hours NC Mountains 3 hours Location
ESRI Forecasts 2022 and Retail Strategies of population is less than 65 years old 88% WAKE FOREST POPULATION GROWTH (1980 – 2022) 14,228 30,818 54,274 1980 2040 2020 2000 30000 20000 10000 70000 60000 40000 50000 0 Source: Office of State Budget and Management, US Census and Wake Forest Planning Department 281% population increase (2000 – 2022) 68,315 118,912 (2028 EST.) (2040 EST.) Population Characteristics 3,148 5,581 80000 90000
0.1%
Source:
Startups launched through support from the Loading Dock Wake Forest, Wireless Research Center, and RIoT Labs Ecosystem
Retail Trade LABOR FORCE Wake Forest (10 mile radius) 771,231 631,896 138,011 Source: ESRI and Labor & Economic Analysis Division of the North Carolina Department of Commerce Wake County Raleigh MSA Raleigh-Durham-Chapel Hill CSA TOP 4 INDUSTRY SECTORS BY EMPLOYMENT (AGE 16+) Source: 2016-2021 American Community Survey 5-Year Estimates Professional, scientific, management & administrative Manufacturing Workforce 25.4% Educational services, health care & social assistance 19.8% 11.0% 10.2% RESIDENTIAL BUILDING PERMITS ISSUED (NEW STARTS, BY YEAR) 1000 1200 800 600 400 200 0 Source: 2017-2022 Wake Forest Planning Department and Inspections Department '17 '18 '19 '20 '21 '22 817 774 691 573 753 739 Amtrak offers passenger
at two stations in Wake County. www.ncbytrain.org. Wake Forest-Raleigh Express & Wake Forest Loop www.wakeforestnc.gov/ busservice.aspx Learn
AIR RAIL BUS
flights on 14 major
non-stop destinations daily and
international destinations daily. 30 minutes Transportation
Wake Forest
Wake County $1.162
PROPERTY TAX 100+ State & Local Taxes Personal Income Tax 4.75% Corporate
2.5% Sales
7.25% Development Activity Entrepreneurship 1,232,905
service
more: www.rdu.com
600+
airlines to 48
7
$0.505
$0.657
Total
Tax
Tax
Education
K-12 EDUCATION
Wake Forest is part of the award winning Wake County Public School System, the 15th largest district in the nation. Learn more at wcpss.net.
Wake Forest students enjoy access to:
19 Public Schools 9 Charter Schools 6 Private Schools
20.2% 35.5% 96.9% Graduate or Professional Degree Bachelors Degree High School Degree 183K students enrolled at area colleges & universities
55.7% of Wake Forest residents have a bachelor's degree or higher 21.5% higher than the U.S. average
Source: 2016-2021 American Community Survey 5-Year Estimates
HIGHER EDUCATION
Wake Forest has ready access to three Tier One research universities, eight four-year colleges & universities, & multiple community colleges.
NC State, Duke & UNC combine to conduct more than $2.9 billion in research every year
Wake Tech provided customized training to 2,550 private-sector employees in 2022
Southeastern Baptist Theological Seminary serves 5,000+ students & generates a direct annual economic impact of over $41.4 million
®
525 S. White St., Suite 117 Wake Forest, NC 27587 919.435.9420
discoverwakeforest.org
