2025 Compare Cities Economy:
Fredericksburg, VA vs Wake Forest, NC

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Highlights
- Household income in Wake Forest, is 44% more than it is in Fredericksburg and is 34% above the National Average.
- Fredericksburg unemployment rate is 6.1%.
- Wake Forest unemployment rate is 3.6%.
 Fredericksburg, VAWake Forest, NCUnited States
 Unemployment Rate  Unlock3.6%6.0%
 Recent Job Growth  Unlock3.0%1.6%
 Future Job Growth37.8%  Unlock33.5%
 Sales Taxes5.3%  Unlock6.2%
 Income Taxes  Unlock5.3%4.6%
 Income per Cap.$40,619  Unlock$37,638
 Household Income  Unlock$104,006$69,021
 Family Median Income$100,139  Unlock$85,028
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 Est. Households By Income
 Fredericksburg, VAWake Forest, NCUnited States
 Income Less Than 15K  Unlock2.8%9.4%
 Income between 15K and 20K3.1%  Unlock3.8%
 Income between 20K and 30K  Unlock3.4%8.1%
 Income between 30K and 40K7.2%  Unlock8.0%
 Income between 40K and 50K  Unlock8.8%7.6%
 Income between 50K and 60K8.1%  Unlock7.2%
 Income between 60K and 75K  Unlock6.7%9.6%
 Income between 75K and 100K14.3%  Unlock12.8%
 Income between 100K and 150K  Unlock23.0%16.3%
 Income between 150K and 200K11.1%  Unlock7.8%
 Income greater than 200K  Unlock13.2%9.5%
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 Population By Occupation
 Fredericksburg, VAWake Forest, NCUnited States
 Management, business, finance22.5%  Unlock16.4%
 Engineering, computers, science  Unlock11.1%6.5%
 Community, social services1.9%  Unlock1.8%
 Legal  Unlock1.3%1.2%
 Education, library7.6%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock1.8%2.0%
 Healthcare practitioners and technology5.1%  Unlock6.2%
 Healthcare support  Unlock1.4%3.3%
 Firefighters, law enforcement1.5%  Unlock2.1%
 Food preparation, serving  Unlock3.0%5.4%
 Building maintenance3.7%  Unlock3.6%
 Personal care  Unlock2.4%2.6%
 Sales, office, administrative support18.3%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.4%0.6%
 Construction, extraction, maintenance/repair6.1%  Unlock8.1%
 Production, transportation, material moving  Unlock6.4%13.1%
Reviews for Fredericksburg    17 Reviews

Fredericksburg has an undeniably small town charm and an all around appeal that is hard to beat, in the context of its proximity to the larger DC Metro area. The  More

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I have lived in Fredericksburg for over 10 years and love it. The housing prices are affordable and this historic city has so much to offer. Ideal location also situated  More

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Disclaimer right off the top; yes I know there are good people everywhere and some are here as well but Fredericksburg is far from an ideal place to live and here is  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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