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Wakefield, MA
Full City Profile · Massachusetts · Suffolk County County
3.6
/5.0
B+
Good
27,284
Population
3,692/sq mi density
$130,320
Median Income
$67,001 per capita
$670,100
Home Value
$797,699 Zillow
$1,872
Median Rent
27.6% income on rent
51°F
Avg Temperature
259 sunny days/yr
136
Violent Crime/100K
603 property/100K
B+
Overall
3.6 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.8 / 5.0
$130,320 median income, 3.1% unemployment
B+
Affordability
3.8 / 5.0
$670,100 home value, $1,872/mo rent
F
Safety
1.0 / 5.0
136 violent crimes/100K
A+
Education
5.0 / 5.0
57.0% bachelor's degree or higher
Income Overview
Median Household Income
$130,320
73% above
US avg: $75,149
Per Capita Income
$67,001
72% above
US avg: $39,052
Unemployment Rate
3.1%
14% below
US avg: 3.6%
Poverty Rate
3.3%
73% below
US avg: 12.4%
Income Comparison: Wakefield vs. U.S. Average
Each bar shows Wakefield’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$130,320
173%
Per Capita
US: $39,052
$67,001
172%
IRS Avg AGI
US: $72,000
$122,612
170%
Avg Weekly Wage
US: $1,432
$2,525
176%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$2,525
76% above US avg ($1,432)
Mean Commute Time
32 min
15% above US avg (28 min)
Work From Home
22.2%
46% above US avg (15.2%)
Drive Alone
62.9%
14% below US avg (73.2%)
Public Transit
6.9%
38% above US avg (5.0%)
County GDP
$190,778M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
62.9%
Public Transit
6.9%
Work From Home
22.2%
Other
8%
Average commute time
32 minutes
US avg: 28 min
Business Landscape
Total Establishments
33,364
Restaurants
2,747
Healthcare
2,078
Retail
2,312
Manufacturing
311
Tax & Financial
IRS Avg Adjusted Gross Income
$122,612
70% above US avg ($72,000)
Avg Property Tax
$8,634
147% above US avg ($3,500)
Cost of Living Index
105.8
Above national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $130,320 |
| Per Capita Income | $67,001 |
| IRS Avg Adjusted Gross Income | $122,612 |
| Avg Weekly Wage | $2,525 |
| County GDP | $190,778M |
Hardship Indicators
| Unemployment Rate | 3.1% |
| Poverty Rate | 3.3% |
| Gini Coefficient | 0.528 |
| Cost of Living Index | 105.8 |
Commute
| Mean Commute | 32 minutes |
| Drive Alone | 62.9% |
| Public Transit | 6.9% |
| Work From Home | 22.2% |
Businesses
| Total Establishments | 33,364 |
| Restaurants | 2,747 |
| Healthcare | 2,078 |
| Retail | 2,312 |
| Manufacturing | 311 |
Tax
| IRS Avg AGI | $122,612 |
| Avg Property Tax | $8,634 |