C+

Wake, VA

Source:

Affordability Score: 60/100

Population: 656 · 1 ZIP codes

The affordability dashboard for Wake, VA aggregates Census ACS 5-Year Estimates across 1 ZIP code covering 656 residents, then layers in county-level federal data to produce an overall grade of C+ (60/100). The headline inputs are median household income of $76,467, median home value of $251,500, median rent of per month, and 20.6% of adults holding a bachelor's degree or higher. These four metrics alone explain most of the variance between city dashboards.

Cross-agency feeds widen the picture beyond Census demographics. HUD publishes a Fair Market Rent for a 2-bedroom in this county at $1,291 per month (studio $1,052, 1BR $1,058, 3BR $1,548, 4BR $2,018). Department of Labor data lists infant center-based childcare at $10,905 per year, consuming 14% of the local median household income.

Reading the overall grade requires reading all seven dimensions together. The score weights Income 20%, Safety 20%, Housing 15%, Rent 15%, Education 10%, Commute 10%, and Childcare 10%, with each sub-score benchmarked against national percentiles rather than state averages — so the grade is genuinely comparable across any city in the country. Strengths visible in the raw data for Wake, VA include rent. Pressure points are education. Unemployment currently reads 0.0% and poverty 0.6% — numbers worth keeping alongside the headline grade.

Score Breakdown

Income C+
$76,467
Median household income
Education F
20.6%
Bachelor's degree or higher
Housing C
3.3x
Home value $251,500 vs income
Commute N/A
N/A
Average commute time
Rent B+
$1,291/mo
2BR fair market rent (20% of income)
Safety N/A
N/A
Violent crime rate (county)
Childcare C-
$10,905/yr
Center-based infant care (14% of income)

Income & Employment

Median Income
$76,467
▲ 23% vs national
Per Capita Income
$37,438
Unemployment Rate
0.0%
Poverty Rate
0.6%

Housing

Median Home Value
$251,500
▼ 9% vs national
Median Rent
Owner Occupied
73.2%
2BR Fair Market Rent
$1,291/mo
▲ 8% vs national

Fair Market Rents by Bedroom

Studio
$1,052
1BR
$1,058
2BR
$1,291
3BR
$1,548
4BR
$2,018

Safety

Violent Crime Rate
Data Source
FBI UCR (county-level)

Education & Family

Bachelor's Degree+
20.6%
▼ 9 ppt vs national
High School+
56.2%
Median Age
49.6
Avg. Commute

Childcare Costs

Infant (Center)
$10,905/yr
14% of income
Toddler (Center)
$8,293/yr
Preschool (Center)
$7,618/yr
School-Age (Center)
$7,389/yr

What This Means

Wake, VA receives an overall affordability grade of C+ (60/100), aggregated from 1 ZIP codes with a total population of 656. This area performs well in rent. Challenges include education. Data was unavailable for commute, safety — these dimensions were excluded from the overall score.

Nearby City Dashboards

Explore Wake ZIP Codes
View all 1 ZIP codes with demographics and individual scorecards
View ZIPs →

What are common questions about this dashboard?

Is Wake, VA affordable?
Wake, VA receives an overall affordability grade of C+ (60/100) based on Census, HUD, FBI, and DOL data. Median household income is $76,467. Median home value is $251,500.
What is the cost of living in Wake?
Key cost metrics: 2BR fair market rent $1,291/mo. Infant childcare $10,905/yr. Median home value $251,500.
How is the affordability score calculated?
The score evaluates 7 dimensions weighted by importance: Income (20%), Safety (20%), Housing (15%), Rent (15%), Education (10%), Commute (10%), and Childcare (10%). Each metric is compared against national percentile benchmarks from Census, HUD, FBI, and DOL data.

Data as of 2024. Source: U.S. Census Bureau ACS 5-Year Estimates. Source: HUD Fair Market Rents. Source: FBI Uniform Crime Report. Source: DOL National Database of Childcare Prices. Verify with HUD →