Wake Forest is a larger medium-sized town located in the state of North Carolina. With a population of 54,337 people and 15 associated neighborhoods, Wake Forest is the 23rd largest community in North Carolina. There's nothing like the smell of a brand new house, and in Wake Forest, you'll find that a large proportion of houses were recently built. New growth in residential real estate is an indication that people are choosing to move to Wake Forest, and putting down their money on brand new construction. Wake Forest’s real estate is, on average, some of the newest in the nation. Wake Forest does seem to be experiencing an influx of affluent people, because the median household income is $120,777.00.

Wake Forest home prices are not only among the most expensive in North Carolina, but Wake Forest real estate also consistently ranks among the most expensive in America.

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.

A relatively large number of people in Wake Forest telecommute to their jobs. Overall, about 25.10% of the workforce works from home. While this may seem like a small number, as a fraction of the total workforce it ranks among the highest in the country. 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 32.08 minutes every day commuting to work.

If knowledge is power, Wake Forest is a pretty powerful place. 57.85% 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 $49,241, which is wealthy relative to North Carolina and the nation. This equates to an annual income of $196,964 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 French.