Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 42.9 yrs |
|---|---|
| Avg HH Size | 2.42 |
| Below Poverty | 4.5% ▼ 55% below avg |
| College Grads | 63.9% ▲ 65% above avg |
| Unemployment | 4.5% ≈ Avg |
| No HS Diploma | 151 (0.8%) |
| HS Graduate | 4,071 (21.3%) |
| Some College | 1,049 (5.5%) |
| Associates | 1,636 (8.6%) |
| Bachelors | 1,268 (6.6%) |
| Graduate Degree | 10,945 (57.2%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $130,419 ▲ 71% above avg |
|---|---|
| Median Home Value | $670,100 ▲ 140% above avg |
| Home/Income Ratio | 5.1x (nat avg ~3.5x) |
| Median Rent | $1,872/mo |
| Total Housing Units | 11,513 |
| Vacant Units | 460 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Wakefield is a city in Massachusetts, located in Middlesex County. The city spans 1 ZIP code and is home to approximately 27,258 residents. It is a middle-aged city, with a median age of 42.9 years.
Economically, Wakefield is a upper-middle-income community. The median household income of $130,419 is significantly above the national average. Approximately 4.5% of residents live below the poverty line. The unemployment rate is 4.5%, near the national average.
The real estate market in Wakefield is a premium housing market. Median home values stand at $670,100, which is more than double the national average. Renters typically pay around $1,872 per month. Homeownership is high at 70.5%, typical of suburban and family-oriented communities.
The population of Wakefield is highly educated. 63.9% of adults hold a bachelor's degree or higher — significantly above the national average. The community is primarily White (87.06%).
Wakefield, MA offers residents above-average earning potential within Massachusetts.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 01880 | 27,258 | $130,419 | $670,100 | $1,872 | 4.5% | 63.9% | 70.5% |