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Demographic Shifts and Racial Composition in Wake Forest, North Carolina: 2013-2022
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Wake Forest, North Carolina, exhibits a demographic profile characterized by a white majority and increasing diversity as of 2022. The city's population is 68% white, a figure that has been decreasing over the past decade. The median income in Wake Forest was $97,419 in 2022, indicating an affluent community.
Wake Forest has transitioned from a low diversity community in 2013, with a 76% white population, to a moderate diversity community by 2022. Significant changes include a decrease in the white population from 76% to 68%, an increase in the black population from 13% to 18%, growth in the Hispanic population from 5% to 7%, a rise in the Asian population from 2% to 3%, and an increase in individuals of two or more races from 2% to 4%. These shifts demonstrate a trend towards greater diversity, although the community remains predominantly white.
The city has experienced substantial economic growth alongside its demographic changes. The population increased from 43,188 in 2013 to 64,052 in 2022, a 48% increase. The median income rose from $85,283 in 2013 to $97,419 in 2022, a 14% increase. This economic growth may have attracted a more diverse population, particularly professionals from various racial backgrounds.
Wake Forest's demographic shifts align with broader national trends of increasing diversity in suburban areas. The city's economic growth outpaces many similar-sized communities, potentially making it a more attractive destination for a diverse range of professionals and families.
Based on observed trends, Wake Forest is likely to continue its trajectory towards greater diversity. If current trends persist, the city may transition from a white majority to a white plurality within the next decade. It could potentially become a transitional community as the percentages of Hispanic, Asian, and multiracial residents continue to grow. The city might approach high diversity status if the growth rates of minority populations accelerate.
Economically, the steady increase in median income suggests continued prosperity, which may further attract a diverse, highly-educated workforce.
Wake Forest represents a community in transition, moving from low to moderate diversity while experiencing significant economic growth. This evolution reflects broader national trends of increasing suburban diversity and could lead to a more multiculturally rich community in the coming years, potentially bringing both opportunities and challenges as the city adapts to its changing demographic landscape.
