2025 Compare Cities Economy:
Wake Forest, NC vs New Bedford, MA

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Highlights
- Household income in New Bedford, is 51% less than it is in Wake Forest and is 36% below the National Average.
- Wake Forest unemployment rate is 3.6%.
- New Bedford unemployment rate is 10.2%.
 Wake Forest, NCNew Bedford, MAUnited States
 Unemployment Rate  Unlock10.2%6.0%
 Recent Job Growth  Unlock3.6%1.6%
 Future Job Growth51.6%  Unlock33.5%
 Sales Taxes7.3%  Unlock6.2%
 Income Taxes  Unlock5.1%4.6%
 Income per Cap.$43,601  Unlock$37,638
 Household Income  Unlock$50,581$69,021
 Family Median Income$112,397  Unlock$85,028
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 Est. Households By Income
 Wake Forest, NCNew Bedford, MAUnited States
 Income Less Than 15K  Unlock15.4%9.4%
 Income between 15K and 20K1.5%  Unlock3.8%
 Income between 20K and 30K  Unlock10.6%8.1%
 Income between 30K and 40K4.9%  Unlock8.0%
 Income between 40K and 50K  Unlock8.1%7.6%
 Income between 50K and 60K7.1%  Unlock7.2%
 Income between 60K and 75K  Unlock8.5%9.6%
 Income between 75K and 100K12.0%  Unlock12.8%
 Income between 100K and 150K  Unlock13.3%16.3%
 Income between 150K and 200K16.7%  Unlock7.8%
 Income greater than 200K  Unlock3.1%9.5%
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 Population By Occupation
 Wake Forest, NCNew Bedford, MAUnited States
 Management, business, finance28.8%  Unlock16.4%
 Engineering, computers, science  Unlock3.5%6.5%
 Community, social services2.5%  Unlock1.8%
 Legal  Unlock0.6%1.2%
 Education, library7.5%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock0.9%2.0%
 Healthcare practitioners and technology8.0%  Unlock6.2%
 Healthcare support  Unlock7.8%3.3%
 Firefighters, law enforcement1.7%  Unlock2.1%
 Food preparation, serving  Unlock6.7%5.4%
 Building maintenance1.5%  Unlock3.6%
 Personal care  Unlock2.1%2.6%
 Sales, office, administrative support18.6%  Unlock20.9%
 Farming, fishing, forestry  Unlock1.4%0.6%
 Construction, extraction, maintenance/repair3.7%  Unlock8.1%
 Production, transportation, material moving  Unlock18.3%13.1%
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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Reviews for New Bedford    5 Reviews

Grew up here, returned here to assist family after lining/working South of Boston, San Diego, then North of Boston respectively. Outside of the quaint/Historic Downtown  More

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Over 13 years ago

Cold  More

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Over 15 years ago

While unemployment is always a problem here, this city is no worse than any other old Northeastern city. Yes, we do have crime and bad areas, just as any other city  More

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