Wake Forest, NC is a vibrant town located in North Carolina. It is known for its small-town charm and beautiful scenery. The rental cost of two bedroom apartments averages at $1,410 which is just slightly lower than the national average of $1,430. Wake Forest is also home to major companies such as WakeMed Health & Hospitals, Southeastern Seminary, and Bailey Industries Inc. In addition to having great economic opportunities, living in Wake Forest comes with many amenities including the nearby Falls Lake State Recreation Area for outdoor activities and shopping centers around the area. With all these features combined, it's no wonder why people are continuously drawn to this wonderful place.
Wake Forest has an unemployment rate of 3.6%. The US average is 6.0%.
Wake Forest has seen the job market increase by 3.0% over the last year. Future job growth over the next ten years is predicted to be 51.6%, which is higher than the US average of 33.5%.
Tax Rates for Wake Forest
- The Sales Tax Rate for Wake Forest is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Wake Forest is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Wake Forest
- The average income of a Wake Forest resident is $33,124 a year. The US average is $28,555 a year.
- The Median household income of a Wake Forest resident is $104,006 a year. The US average is $69,021 a year.