Last updated: 2024 BLS data · Page refreshed:
Wakefield has a population of 27,793 with a median age of 42.4. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 27,793 |
| Median Age | 42.4 |
| White | 86.6% |
| Black or African American | 0.7% |
| Asian | 5.7% |
| Hispanic or Latino | 2.7% |
| Other / Two or More Races | 4.3% |
The median household income in Wakefield is $134,306, which is 66.6% above the national median of $80,610. The per capita income is $67,454. The poverty rate is 4.9%.
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In Wakefield, 96.4% of residents age 25+ have a high school diploma or higher, and 59.7% hold a bachelor's degree or higher (24.8% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 96.4% |
| Bachelor's Degree or Higher | 59.7% |
| Graduate or Professional Degree | 24.8% |
The median home value in Wakefield is $723,500, above the national median of $303,400. The median monthly rent is $1,958. The homeownership rate is 70.7%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $723,500 |
| Median Monthly Rent | $1,958 |
| Homeownership Rate | 70.7% |
| Vacancy Rate | 4.1% |
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