Wake Forest is a medium-sized town located in the state of North Carolina. With a population of 51,113 people and 15 associated neighborhoods, Wake Forest is the 23rd largest community in North Carolina. Wake Forest has seen a significant amount of newer housing growth in recent years. Quite often, new home construction is the result of new residents moving in who are middle class or wealthier, attracted by jobs, a healthy local economy, or other amenities as they leave nearby or far away areas for greener pastures. This seems to be the case in Wake Forest, where the median household income is $115,159.00.

Wake Forest real estate is some of the most expensive in North Carolina, although Wake Forest house values don't compare to the most expensive real estate in the U.S.

Also of interest is that Wake Forest has more people living here who work in computers and math than 95% of the places in the US.

Telecommuters are a relatively large percentage of the workforce: 22.21% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

One downside of living in Wake Forest, however, is that residents on average have to contend with a long commute, spending on average 32.66 minutes every day commuting to work.

If knowledge is power, Wake Forest is a pretty powerful place. 57.76% of the adults in Wake Forest have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.

The per capita income in Wake Forest in 2022 was $47,191, which is wealthy relative to North Carolina and the nation. This equates to an annual income of $188,764 for a family of four.

Wake Forest is an extremely ethnically-diverse town. The people who call Wake Forest home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Wake Forest residents report their race to be White, followed by Black or African-American. Important ancestries of people in Wake Forest include English, German, Irish, Italian, and Scottish.

The most common language spoken in Wake Forest is English. Other important languages spoken here include Spanish and African languages.