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The total population of Wake Forest is estimated to be 48,047 with 23,215 males (48.32%) and 24,832 females (51.68%). There are 1,617 more females than males in Wake Forest.
The median household income in Wake Forest was $112,421 in 2021, which marked an a decrease of 1,077(0.95%) from $113,498 in 2020. This income is 150.69% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Wake Forest sees its highest median household income among householders in the age group of 45 to 64 years old, at $132,899. Overall, the median household income for the town of Wake Forest stands at $112,421.
In Wake Forest, the median income for all workers aged 15 years and older, regardless of work hours, was $64,467 for males and $41,521 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $89,889 for males and $66,967 for females.
In Wake Forest, the demographic landscape is diverse, spanning 5 distinct racial categories among households. Among these, Asian households have the highest median household income at $137,159, while Some Other Race households represent the opposite end with the lowest median household income of $58,421.
In 2022, the population of Wake Forest was 51,113, a 2.43% increase year-by-year from 2021. Previously, in 2021, Wake Forest's population was 49,899, an increase of 3.42% compared to a population of 48,249 in 2020.
The median age in Wake Forest, NC is 38.6, as per 2021 ACS 5-Year Estimates. Of the total population, 22.20% were under the age of 15, 17.66% aged 15 to 29, 48.24% aged 30 to 64, 10.95% aged 65 to 84, and 0.94% were 85 years of age and older.
Racial distribution of Wake Forest population: 70.43% are White, 17.77% are Black or African American, 0.11% are American Indian and Alaska Native, 2.27% are Asian, 2.68% are some other race and 6.74% are multiracial.