Wake Forest Chamber of Commerce began an Economic Development Program four years ago. In that short time, it has been heralded as a model for other municipalities to follow. For a more detailed market analysis, or more information about the program, contact the Chamber of Commerce at (919) 556-1519 or visit their website at www.wakeforestchamber.org.
Population
Average Age of Total Population: 33.1
| Year |
Town |
3 Miles |
5 Miles |
| 1990 |
5,832 |
8,007 |
14,275 |
| 2000 |
12,550 |
15,259 |
24,623 |
| 2003 |
17,609 |
|
|
Housing
2004 Median Home Value: $170,059
Households
2004 Household Estimate: 6,619
Driving Distances
| Destination |
Time |
Access |
| North Raleigh |
5 minutes |
US-1 |
| Downtown Raleigh |
35 minutes |
US-1 |
| RDU Int'l Airport |
25 minutes |
1-540 |
| RTP |
30 minutes |
1-540 |
| Durham |
20 minutes |
NC-98 |
| Chapel Hill |
40 minutes |
1-540 |
| Greensboro |
1 hour/30 minutes |
1-540 |
| Winston Salem |
2 hours |
1-540 |
| Wilmington |
2 hours/20 minutes |
1-40 |
| Charlotte |
2 hours/45 minutes |
1-540 |
| Asheville |
3 hours/50 minutes |
1-540 |
Commute
Average Commute to Work: 30.7 minutes
Income
2004 Average Household Income: $74,659
Geography & Climate
Town Size: 12.56 square miles
Elevation: 434 feet
Average Rainfall: 44.60 inches
Average Snowfall: 7.5 inches
Annual Average Temp: 59.8°
Average Low Temp: 47.7°
Average High Temp: 70.3°
Property Taxes
(per $1 00 assessment)
Town: .54
County: .604
Occupation/Industry
2004 Civilian Labor Force (16+): 7,125
Employed in Civilian Labor Force: 97.1%
White Collar: 74.4%
Blue Collar: 15.6%
Service: 10.0%
Unemployed: 2.9%
Schools
(ratio: teacher/student)
Grades K-2: 1/23
Grades 3-5: 1/25.5
Middle School (Jr. High): 1/22.5
High School: 1/23
Wake Forest has public, private & charter elementary & secondary school options. Average SAT scores for the area exceed state & national averages.