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The total population of Wakefield is estimated to be 1,286 with 810 males (62.99%) and 476 females (37.01%). There are 334 less females than males in Wakefield.
The median household income in Wakefield was $57,356 in 2021, which marked an an increase of 17,052(42.31%) from $40,304 in 2020. This income is 76.88% 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, Wakefield sees its highest median household income among householders in the age group of 25 to 44 years old, at $70,259. Overall, the median household income for the town of Wakefield stands at $57,356.
In Wakefield, the median income for all workers aged 15 years and older, regardless of work hours, was $29,253 for males and $18,376 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $29,703 for males and $46,518 for females.
In Wakefield, there are just three different racial groups among households. Among these, Two or More Races households report a median household income of $77,285, followed by Black or African American households at $59,248, and White households with a median household income of $45,223.
In 2022, the population of Wakefield was 742, a 1.59% decrease year-by-year from 2021. Previously, in 2021, Wakefield's population was 754, a decline of 0.00% compared to a population of 754 in 2020.
The median age in Wakefield, VA is 29.9, as per 2021 ACS 5-Year Estimates. Of the total population, 13.11% were under the age of 15, 37.17% aged 15 to 29, 34.15% aged 30 to 64, 13.34% aged 65 to 84, and 2.22% were 85 years of age and older.
Racial distribution of Wakefield population: 31.85% are White, 66.32% are Black or African American, 0.16% are Asian and 1.67% are multiracial.