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Wakefield, Pennsylvania

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
573
Population
$70,417
Median Income
$271,100
Home Value
28.8
Median Age

Demographics

Wakefield has a population of 573 with a median age of 28.8. Here is the racial and ethnic breakdown of the population:

White
89.7%
Other
6.3%
Black
2.3%
Hispanic
1.7%
Demographic Value
Total Population573
Median Age28.8
White89.7%
Black or African American2.3%
Hispanic or Latino1.7%
Other / Two or More Races6.3%
Wakefield, Pennsylvania — racial composition (Census ACS 2024)Donut chart of 4 segments totaling 100.White: 89.7%Other: 6.3%Black: 2.3%Other: 1.7%573PopulationWhiteWhite89.7%OtherOther6.3%BlackBlack2.3%OtherOther1.7%

Income & Economy

The median household income in Wakefield is $70,417, which is 12.6% below the national median of $80,610. The per capita income is $24,471. The poverty rate is 5.8%.

$70,417
Median Household Income
$24,471
Per Capita Income
5.8%
Poverty Rate

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Education

In Wakefield, 63.0% of residents age 25+ have a high school diploma or higher, and 10.1% hold a bachelor's degree or higher (2.5% with a graduate or professional degree).

HS Diploma+
63.0%
Bachelor's+
10.1%
Graduate+
2.5%
Education Level % of Adults (25+)
High School Diploma or Higher63.0%
Bachelor's Degree or Higher10.1%
Graduate or Professional Degree2.5%

Housing

The median home value in Wakefield is $271,100, below the national median of $303,400. The median monthly rent is $1,646. The homeownership rate is 85.2%.

$271,100
Median Home Value
$1,646/mo
Median Rent
85.2%
Homeownership Rate
Housing Metric Value
Median Home Value$271,100
Median Monthly Rent$1,646
Homeownership Rate85.2%

Salaries in Pennsylvania

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Frequently Asked Questions

What is the population of Wakefield, Pennsylvania?
The population of Wakefield, Pennsylvania is 573 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Wakefield, Pennsylvania?
The median household income in Wakefield, Pennsylvania is $70,417. This is 12.6% below the national median of $80,610.
What is the median home value in Wakefield, Pennsylvania?
The median home value in Wakefield, Pennsylvania is $271,100. The median monthly rent is $1,646.
What percentage of people in Wakefield have a college degree?
In Wakefield, Pennsylvania, 10.1% of adults age 25 and older hold a bachelor's degree or higher, and 63.0% have a high school diploma or higher.
Is Wakefield, Pennsylvania an affordable place to live?
The home price-to-income ratio in Wakefield, Pennsylvania is 3.8x (median home value $271,100 vs. median income $70,417), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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