Wake County NC Information

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Wake County Subdivisions

Wake County NC Data & Demographics (As of July 1, 2021)

POPULATION

Total Population 1,141,511 (100%)
Population in Households 1,119,165 (98.0%)
Population in Families 893,092 (78.2%)
Population in Group Quarters1 22,346 ( 2.0%)
Population Density 1,367
Diversity Index2 64
 
 

INCOME

Median Household Income $84,089
Average Household Income $111,254
% of Income for Mortgage4 16%
Per Capita Income $42,526
Wealth Index5 121
 

HOUSING

Total HU (Housing Units) 468,682 (100%)
Owner Occupied HU 282,777 (60.3%)
Renter Occupied HU 153,001 (32.6%)
Vacant Housing Units 32,904 ( 7.0%)
Median Home Value $322,354
Average Home Value $367,613
Housing Affordability Index3 144
 

HOUSEHOLDS

Total Households 435,778
Average Household Size 2.57
Family Households 281,308
Average Family Size 3
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.

GROWTH RATE / YEAR

2010-2021 2021-2026
Population 2.13% 2.09%
Households 2.08% 2.08%
Families 1.92% 1.98%
Median Household Income   2.35%
Per Capita Income   2.12%
Owner Occupied HU   2.03%

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Wake County NC - Peer Comparisons by Rank and Percentile

The table below compares Wake County to the other 100 counties and county equivalents in North Carolina by rank and percentile using July 1, 2021 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 # 1 100th
Population Density # 2 99th
Median Household Income # 2 99th
Housing Affordability Index # 25 25th
Per Capita Income # 2 99th
Diversity Index # 18 83rd

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

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