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CITY · 2020 ACS

Wakefield

Virginia · 759 residents · 1.245 sq mi
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The short version

Wakefield has notably lower household income than the US average, with a median household income of $35,568. Population has fallen 27% since 2000, a loss of 279 residents. 21% of adults hold a bachelor's degree or higher, below the national rate of 33%. Median home value is $95,400. With a median age of 50.7, the population is older than the US median of 38.8. Households here earn about 53% less than the Virginia median.

At a glance
Lower income
below the US median
US median: $66,278
Older
median age 50.7
US median: 38.8
Less educated
21% hold a bachelor's degree
US average: 33%
Stable housing
home values roughly flat, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
759
−27%since 2000
from 1,038 in 2000
1990 – 2025
Population density
610 / sq mi
−27%since 2000
from 834 / sq mi in 2000
US average: 280
Median age
50.7
+25%since 2000
from 40.5 in 2000
US average: 38.8
Population, 1990 – 2024
7068641K1K1K1990201020202024Wakefield
20241K
1990201020202024
Section 02

Income & economy

Median household income
$35,568
−17%inflation adjusted, since 2000
from $28,500 in 2000
US average: $66,278
1990 – 2024
Per capita income
$25,207
+65%since 2000
from $15,290 in 2000
US average: $35,364
Households earning $100K+
20.9%
+7.7 ptssince 2009
from 13.2% in 2009
US average: 43.9%
Poverty rate
10.6%
−2.8 ptssince 2000
from 13.4% in 2000
US average: 12.8%
Workforce by industry, 2020
Retail trade14.7%
US avg: 10%
Wholesale trade7.1%
US avg: 6.7%
Finance & insurance6%
US avg: 5.5%
Professional, scientific, technical5.4%
US avg: 4.7%
Information4.7%
US avg: 11.1%
Transportation & warehousing2%
US avg: 2.5%
Education & health services0.6%
US avg: 0.8%
Agriculture, forestry, fishing0.3%
US avg: 1.7%
Construction0.3%
US avg: 1.2%
Other services0.1%
US avg: 6.6%
Manufacturing0%
US avg: 0.5%
Arts, entertainment, food0%
US avg: 2%
Public administration0%
US avg: 4.7%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$95,400
−1%inflation adjusted, since 2000
from $64,000 in 2000
US average: $265,253
1990 – 2024
Median gross rent
$868
+33%inflation adjusted, since 2000
from $434 in 2000
US average: $1,124
Owner-occupied
65.8%
−0.9 ptssince 2000
from 66.7% in 2000
34.2% rent
Afford Score
2.7
+19%since 2000
from 2.2 in 2000
1990 – 2024
RELATED:See current rent listings in Wakefield on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic47.3%(491)
Black51.1%(530)
Hispanic / Latino0.4%(4)
Asian0%(0)
Other0%
Diversity Score62.9%(653)
2020
White, non-Hispanic45.7%(347)
Black45.5%(345)
Hispanic / Latino2.4%(18)
Asian0.1%(1)
Other2.2%(17)
Diversity Score68.3%(519)
Diversity Score
68
+9%since 2000
from 63 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
20.8%
+10.9 ptssince 2000
from 9.9% in 2000
US average: 32.9%
High school or higher
82.3%
+16.3 ptssince 2000
from 65.9% in 2000
US average: 88.5%
Graduate degree
3.5%
−0.1 ptssince 2000
from 3.5% in 2000
US average: 12.7%
Section 06

Commute & transportation

Average commute
40.4 min
+94%since 2000
from 20.8 min in 2000
US average: 26.9
Drive alone to work
90.9%
+16.1 ptssince 2009
from 74.8% in 2009
US average: 75.1%
No vehicle available
11.6%
+2.6 ptssince 2009
from 9.0% in 2009
US average: 8.4%
Section 07

Work & employment

Unemployment rate
9.0%
−3.0 ptssince 2011
from 12.0% in 2011
US average: 5.4%
Labor force participation
68.7%
+22.6 ptssince 2011
from 46.1% in 2011
US average: 63.4%
Management & professional
20.0%
−38.3 ptssince 2009
from 58.3% in 2009
US average: 39.3%
Section 08

People & community

Male
59.9%
+7.1 ptssince 2009
from 52.8% in 2009
Female
40.1%
−7.1 ptssince 2009
from 47.2% in 2009
Foreign born
1.9%
+1.1 ptssince 2009
from 0.8% in 2009
US average: 13.5%
Uninsured
9.8%
−68.7 ptssince 2013
from 78.5% in 2013
US average: 8.8%
Drill deeper

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Head to head

Compare Wakefield to nearby cities

WAKEFIELD VS
Franklin
Income$63,245+78%
Home value$256,600+169%
Population8,478+1036%
SEE FULL COMPARISON →
WAKEFIELD VS
Smithfield
Income$113,158+218%
Home value$374,900+293%
Population9,112+1121%
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WAKEFIELD VS
Williamsburg
Income$75,604+113%
Home value$428,100+349%
Population15,861+2026%
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WAKEFIELD VS
Carrollton
Income$110,956+212%
Home value$423,900+344%
Population8,436+1031%
SEE FULL COMPARISON →
Frequently asked

How many people live in Wakefield, Virginia?

Wakefield, Virginia has about 759 residents according to the 2020 American Community Survey.

What is the median household income in Wakefield, Virginia?

The typical household in Wakefield, Virginia earns about $35,568 a year. Half of households make more than that, and half make less.

Is Wakefield, Virginia expensive?

In Wakefield, Virginia, the median home is worth about $95,400, and the typical rent is about $868 a month.

How educated are people in Wakefield, Virginia?

About 20.8% of adults age 25 and over in Wakefield, Virginia hold a bachelor's degree or higher.

What is the poverty rate in Wakefield, Virginia?

About 10.6% of people in Wakefield, Virginia live below the federal poverty line.

Has Wakefield, Virginia grown since 1990?

Yes, Wakefield, Virginia has shrunk since 1990. The population has lost about 311 residents, a change of about -29 percent over that period.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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