Wake Forest has the 799th largest population in the United States. The population grew by 26.9% from 2010 to 2015, which was faster than the national average. Wake Forest is part of the Raleigh metro area. Unemployment in the Raleigh area is 4%, which is lower than the national average, and is getting better. Raleigh has the 44th largest local economy in the US, and a high cost of living. The average pay for jobs in Wake Forest is below average at $48,590, and the median cost of a home in Wake Forest is $259,000, which is above the national average. 50% of workers in Wake Forest hold a bachelors degree or higher (above average), and 94% of workers have a high school degree (above average). Driving to work is especially common in Wake Forest. 80% of Wake Forest workers drive to work alone, 1% take public transit, 9% carpool, and 9% walk. People in Wake Forest spend an average of 28 minutes commuting to work, which is longer than the national average of 26 minutes.