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Wade, NC Profile: Facts & Data

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Wade, North Carolina - Basic Facts

The Town of Wade had a population of 641 as of July 1, 2023.

The primary coordinate point for Wade is located at latitude 35.1629 and longitude -78.7361 in Cumberland County. The formal boundaries for the Town of Wade encompass a land area of 1.78 sq. miles and a water area of 0.01 sq. miles. Cumberland County is in the Eastern time zone (GMT -5).

The Town of Wade has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The Town of Wade is located within Township of Eastover, a minor civil division (MCD) of Cumberland County.


Jump to... (On This Page!)
  1. Wade 2023 Demographic Data
  2. Growth Rates for Wade (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. North Carolina Research Tools (Easy Tools & Current Data)
  3. North Carolina Data Comparison Tool - 2023 Demographics
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Wade, NC Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 641 (100%)
Population in Households 641 (100.0%)
Population in Families 545 (85.0%)
Population in Group Quarters1 0
Population Density 368
Diversity Index2 58
 
 

INCOME

Median Household Income $47,826
Average Household Income $73,265
% of Income for Mortgage4 24%
Per Capita Income $29,375
Wealth Index5 52
Socioeconomic Status Index6 Moderate (50.7)
 

HOUSING

Total HU (Housing Units) 309 (100%)
Owner Occupied HU 152 (49.2%)
Renter Occupied HU 105 (34.0%)
Vacant Housing Units 52 (16.8%)
Median Home Value $188,636
Average Home Value $195,395
Housing Affordability Index3 102
 

HOUSEHOLDS

Total Households 257
Average Household Size 2.49
Family Households 179
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

 2020-2023 2023-2028
Population 0.14% -0.60%
Households 0.73% -0.31%
Families   -0.45%
Median Household Income   3.36%
Per Capita Income   4.19%
Owner Occupied HU   -0.26%

Wade, NC - Peer Comparisons by Rank and Percentile

The table below compares Wade to the other 776 incorporated cities, towns and CDPs in North Carolina by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 523 33rd
Population Density # 534 31st
Median Household Income # 488 37th
Housing Affordability Index # 297 38th
Per Capita Income # 414 47th
Diversity Index # 325 58th

Additional comparisons and rankings can be made with a VERY EASY TO USE North Carolina Census Data Comparison Tool.

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