2025 Compare Cities Economy:
Elk River, MN vs Wake Forest, NC

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Highlights
- Household income in Wake Forest, is 24% more than it is in Elk River and is 34% above the National Average.
- Elk River unemployment rate is 4.9%.
- Wake Forest unemployment rate is 3.6%.
 Elk River, MNWake Forest, NCUnited States
 Unemployment Rate  Unlock3.6%6.0%
 Recent Job Growth  Unlock3.0%1.6%
 Future Job Growth38.1%  Unlock33.5%
 Sales Taxes7.4%  Unlock6.2%
 Income Taxes  Unlock5.3%4.6%
 Income per Cap.$37,762  Unlock$37,638
 Household Income  Unlock$104,006$69,021
 Family Median Income$99,642  Unlock$85,028
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 Est. Households By Income
 Elk River, MNWake Forest, NCUnited States
 Income Less Than 15K  Unlock2.8%9.4%
 Income between 15K and 20K4.0%  Unlock3.8%
 Income between 20K and 30K  Unlock3.4%8.1%
 Income between 30K and 40K7.8%  Unlock8.0%
 Income between 40K and 50K  Unlock8.8%7.6%
 Income between 50K and 60K7.9%  Unlock7.2%
 Income between 60K and 75K  Unlock6.7%9.6%
 Income between 75K and 100K12.8%  Unlock12.8%
 Income between 100K and 150K  Unlock23.0%16.3%
 Income between 150K and 200K12.8%  Unlock7.8%
 Income greater than 200K  Unlock13.2%9.5%
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 Population By Occupation
 Elk River, MNWake Forest, NCUnited States
 Management, business, finance17.1%  Unlock16.4%
 Engineering, computers, science  Unlock11.1%6.5%
 Community, social services0.8%  Unlock1.8%
 Legal  Unlock1.3%1.2%
 Education, library4.4%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock1.8%2.0%
 Healthcare practitioners and technology3.8%  Unlock6.2%
 Healthcare support  Unlock1.4%3.3%
 Firefighters, law enforcement1.8%  Unlock2.1%
 Food preparation, serving  Unlock3.0%5.4%
 Building maintenance1.7%  Unlock3.6%
 Personal care  Unlock2.4%2.6%
 Sales, office, administrative support18.2%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.4%0.6%
 Construction, extraction, maintenance/repair10.3%  Unlock8.1%
 Production, transportation, material moving  Unlock6.4%13.1%
Reviews for Elk River    3 Reviews

The Northstar commuter rail line and the commuter rail station in Elk River (to be completed later in 2009) that will connect Elk River to Minneapolis, and a recent  More

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Over 18 years ago

good place to live and close to the  More

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Over 19 years ago

Small town but growing, nice place to live. Will be getting mass-transit soon, to  More

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Reviews for Wake Forest    5 Reviews

Im a 22 year old male from Denver Colorado.im looking to relocate and transfer for work . Colorado has high taxes and high cost of living and also to much snow during  More

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Relocating from New York City three years ago took some adjustment and once settled in Wake Forest I was able to breath a little bit easier. The pace is something you  More

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The Triangle is a great place to work and live, more reasonable than the North but more expensive than most places in the South. We live in a beautiful  More

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