Cost of Living in Wake Forest, NC
Population: 51,199 • 2026 Data
$120,777
Median Household Income
+56% vs national
$1,458
Median Monthly Rent
+8% vs national
$435,000
Median Home Value
+28% vs national
4.5%
Unemployment Rate
Housing in Wake Forest
The median home value in Wake Forest, NC is $435,000. Monthly rent for a typical unit averages $1,458, while total monthly housing costs (including utilities and insurance) average $1,783.
Rent-to-income ratio: 14.5%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Wake Forest, NC is $120,777. The unemployment rate stands at 4.5%, with a labor force of 26,822 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.