EXISTING CONDITIONS: POPULATION
Town of Wake Forest | HOUSING AFFORDABILITY PLAN
Local Demographics
FIGURE 12: EDUCATIONAL ATTAINMENT IN WAKE FOREST 2020
2.78 Average Household Size in Wake Forest 2020 3.24 Average Family Size in Wake Forest 2020 19.7% Percent of Children (Under 18) in Single-Parent Households in Wake Forest 2020 Educational Attainment Wake Forest residents have high educational attainment, driving high wages. More than half (55.5%) of Wake Forest households hold a Bachelor’s degree or more (Figure 12), substantially higher than the United States overall (38%). Household Size Over 80% of households in Wake Forest contain two or more people, with 28% of households containing four or more people (Figure 13). This distribution of household size impacts the types of housing that households demand and has helped drive the development of homes that can accommodate families.
2.9% LESS THAN HIGH SCHOOL
16.6% SOME COLLEGE
15.5% HIGH SCHOOL
19.0% GRADUATE/PROFESSIONAL DEGREE
36.5% BACHELOR’S DEGREE
9.6% ASSOCIATE’S DEGREE
Source: American Community Survey (ACS) 5-Year, 2020
FIGURE 13: HOUSEHOLD SIZE IN WAKE FOREST 2020
36%
28%
19%
17%
THE TAKEAWAY
1-Person Households
2-Person Households
3-Person Households
4 or More- Person Households
Wake Forest households are well educated on average, helping drive high incomes. Additionally, there is a relatively diverse distribution of household sizes.
Source: American Community Survey (ACS) 5-Year, 2020
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