Wake Forest is a city located in Franklin County, Granville County, and Wake County North Carolina. Wake Forest has a 2024 population of 53,977. Wake Forest is currently growing at a rate of 2.73% annually and its population has increased by 11.87% since the most recent census, which recorded a population of 48,249 in 2020.
The average household income in Wake Forest is $132,350 with a poverty rate of 3.02%. The median rental costs in recent years comes to - per month, and the median house value is -. The median age in Wake Forest is 39 years, 37.9 years for males, and 40 years for females.
According to the most recent ACS, the racial composition of Wake Forest was:
White
Black or African American
Two or more races
Other race
Asian
Native American
Native Hawaiian or Pacific Islander
Household Type | Count | Average Size | Owner | Renter |
|---|---|---|---|---|
| All | 16,811 | 2.82 | 73.5 | 26.5 |
| Married | 10,318 | 3.29 | 85.8 | 14.2 |
| Non Family | 3,811 | 1.24 | 51 | 49 |
| Female | 2,068 | 3.33 | 54.5 | 45.5 |
| Male | 614 | 3 | 71 | 29 |
3.24
Average Family Size
2.82
Average Household Size
73.5%
Rate of Home Ownership
Married
Male
Female
NonFamily
owner
renter
Male
Female
Less Than 9th Grade
9th to 12th Grade
High School Graduate
Some College
Associates Degree
Bachelors Degree
Graduate Degree
High School Graduation Rate
Bachelors Rate
The highest rate of high school graduation is among native american people with a rate of 100%.
The highest rate of bachelors degrees is among native american people with a rate of 71.05%.
All
Male
Female
$60,126
Average Earnings
$71,228
Average Male
$53,082
Average Female
Only English
Spanish
Other Indo-European Languages
Asian and Pacific Island Languages
Other Languages
90.69% of Wake Forest residents speak only English, while 9.31% speak other languages. The non-English language spoken by the largest group is Spanish, which is spoken by 4.44% of the population.
rate
3.02%
Overall Poverty Rate
2.87%
Male Poverty Rate
3.16%
Female Poverty Rate
The race most likely to be in poverty in Wake Forest is Other, with 11.23% below the poverty level.
The race least likely to be in poverty in Wake Forest is Multiple, with 0.58% below the poverty level.
The poverty rate among those that worked full-time for the past 12 months was 0.32%. Among those working part-time, it was 6.34%, and for those that did not work, the poverty rate was 5.93%.
Married
Widowed
Divorced
Separated
NeverMarried
58.2%
Overall Marriage Rate
60.4%
Male Marriage Rate
56.2%
Female Marriage Rate
male
female
The age group where males are most likely to be married is Over 65, while the female age group most likely to be married is 35-44.
Married
Widowed
Divorced
Separated
NeverMarried
Less Than 9th Grade
High School Graduate
Some College
Bachelors or Greater
0.72%
Veteran Poverty Rate
28.33%
Veteran Disability Rate
LaborForceParticipation
70.1%
Labor Force Participation
66.8%
Employment Rate
4.3%
Unemployment Rate
LaborForceParticipation
LaborForceParticipation
Europe
Asia
Africa
Oceania
Latin America
North America
Non citizens include legal permanent residents (green card holders), international students, temporary workers, humanitarian migrants, and illegal immigrants.
Europe
Asia
Africa
Oceania
Latin America
North America
37.42%
Born in Wake Forest
92.92%
Native Born
7.08%
Foreign Born
2.44%
Non Citizen
4.64%
Naturalized
92.92% of Wake Forest residents were born in the United States, with 37.42% having been born in North Carolina. 2.44% of residents are not US citizens. Of those not born in the United States, the largest percentage are from Latin America.
Year | Population | Growth | Growth Rate |
|---|---|---|---|
| 2029 | 61,137 | 1,432 | 2.4% |
| 2028 | 59,705 | 1,432 | 2.46% |
| 2027 | 58,273 | 1,432 | 2.52% |
| 2026 | 56,841 | 1,432 | 2.58% |
| 2025 | 55,409 | 1,432 | 2.65% |
| 2024 | 53,977 | 1,432 | 2.73% |
| 2023 | 52,545 | 1,432 | 2.8% |
| 2022 | 51,113 | 1,214 | 2.43% |
| 2021 | 49,899 | 1,650 | 3.42% |
| 2020 | 48,249 | 2,548 | 5.58% |
| 2019 | 45,701 | 1,636 | 3.71% |
| 2018 | 44,065 | 1,865 | 4.42% |
| 2017 | 42,200 | 2,000 | 4.98% |
| 2016 | 40,200 | 2,026 | 5.31% |
| 2015 | 38,174 | 1,506 | 4.11% |
| 2014 | 36,668 | 1,893 | 5.44% |
| 2013 | 34,775 | 1,751 | 5.3% |
| 2012 | 33,024 | 1,328 | 4.19% |
| 2011 | 31,696 | 1,306 | 4.3% |
| 2010 | 30,390 | 17,802 | 141.42% |
| 2000 | 12,588 | 6,819 | 118.2% |
| 1990 | 5,769 | 1,989 | 52.62% |
| 1980 | 3,780 | 632 | 20.08% |
| 1970 | 3,148 | 484 | 18.17% |
| 1960 | 2,664 | -1,040 | -28.08% |
| 1950 | 3,704 | 0 | 0% |