Wakefield, MA
Maps & Population Facts
Population
26,823
Population Density
3,629
Labor Participaton
71.9%
Bachelor's or Higher
50.7%
Median Household Income
$92,252
Median Individual Income
$51,254
Median Individual Income(Full-time Workers Only)
$67,303
Housing Estimates
Median House Value
$448,000
Median Gross Rent
$1,302
Median Mortgage Payment
$2,429
Housing Units
10,957
People who reside in Wakefield live in:
Detached - Single Family Homes
60%
Apt, Condo, Other
40%
Analysis
Income
Households in Wakefield earn significantly more money than the national median income, averaging 53% higher per household.
Housing
Wakefield has a median house price of $448,000. The cost of homeownership is significantly higher than most areas. The cost of renting in Wakefield is 29% more than the national average.
| Percent | |
|---|---|
| Renter Occupied Households | 38% |
| New Construction (Built after 2000) | 10% |
Demographics
The median age in Wakefield is 44. Wakefield has a population that is significantly older than in comparison to the US median age.
Wakefield ranks in the highest of the nation for having an educated population with more college graduates per resident than most areas.
Housing Data
Housing Comparison
| Wakefield | Massachusetts | USA | |
| Median Property Value | 448,000 | 385,400 | 217,600 |
| Median Mortgage Payment | 2,429 | 2,108 | 1,513 |
| Median Gross Rent | 1,302 | 1,208 | 1,012 |
| Property Vacancy | 3.9% | 10.0% | 12.6% |
| % Renters | 25% | 38% | 36% |
| Residents per Sq. Mi. | 3,629 | 885 | 93 |
Personal Comparison
| Wakefield | Massachusetts | USA | |
| Median Household Income | 92,252 | 77,385 | 60,336 |
| Median Individual Income | 51,254 | 41,700 | 33,646 |
| Median Income (Full-Time) | 67,303 | 60,923 | 46,881 |
| Median Age | 43.5 | 39.5 | 38.1 |
| Labor Participation | 71.9% | 67.8% | 62.8% |
| Attained College Degree | 50.7% | 43.4% | 32.0% |
Population Density Analysis
Wakefield, MA
3,629
Residents per Sq. Mile
The population density of Wakefield is comparable to that of a Small City.
Major City
10,000 Residents +
Mid-Sized City
5,000 Residents +
Small City
2,500 Residents +
Suburban
500 Residents +
Rural
100 Residents +
Remote
1 Residents +