Located in the state of Virginia, Wakefield is a moderately-sized city with a population of 11,787 residents. With a population density of 3,124 people per square mile, Wakefield is well above the nation's average density level. According to the most recent Census, 69% of Wakefield residents are White, 20% Asian and 5% Black. Wakefield is known to be family friendly as more than 71% of the population has already tied the knot. It might also be worth noting that 47% of residents also have children under the age of 18. When traveling to work, spending unnecessary time in your vehicle is not ideal and downright frustrating. Across all of America, the average one way commute time is 26 minutes, unfortunately, living in Wakefield offers up a higher than average one way commute time of 33 minutes.
Without the right tools, moving to any new town can be very stressful and challenging. Living in Wakefield, Virginia could be a good experience for anyone who puts in the time to do the research required. When searching for a new neighborhood, several key items should be considered. Safety is paramount, ensuring a secure environment for you and your family. Proximity to workplaces or schools reduces commuting time and enhances convenience. Access to amenities like parks, grocery stores and healthcare facilities contributes to a comfortable lifestyle. Reliable public transportation options promote easy mobility. A strong sense of community fosters social connections and a welcoming atmosphere. With useful information like crime, cost of living, health & safety, education and other key data points, finding the best places to live in Wakefield and in the areas around Wakefield is a much easier task.
With a livability score of 73/100, Wakefield is ranked #5,033 in the United States and #162 in Virginia. For each of the livability categories, we know that Wakefield ranks very well for crime (A+), education (B-) and housing (A+). Wakefield does not fare well for the following: amenities (F) and cost of living (F). It might be a smart idea to take a closer look at each category to find out why.
When contemplating a move, job prospects often top the list of priorities. In Wakefield, the outlook for new employment is notably brighter than in many other areas. The low unemployment rate of 2.2% points to a surge in job opportunities, the potential for higher wages, enhanced workforce productivity and increased economic growth. These favorable conditions bode well for individuals seeking career advancement and financial stability, making this area an appealing destination for those prioritizing professional opportunities and economic prosperity.
A robust real estate market serves as a crucial economic indicator, reflecting the local area's strength, stability and the confidence of its residents. Wakefield excels in the housing sector, scoring high marks based on factors such as median home and rental prices, appreciation rates and home affordability. These calculations suggest that the apartment rental and real estate market in the region is exceptionally healthy, highlighting the area's economic vitality and attractiveness to potential homebuyers and renters.
Assuming that Wakefield meets all of your requirements like low crime rates, good schools and great local amenities, the next most important item to examine is the affordability of real estate in Wakefield. Everything else becomes a lot less important if it turns out that home prices in Wakefield are simply unattainable. The median home price for Wakefield homes is $1,137,977, which is 161.6% higher than the Virginia average. If we take a closer look at the affordability of homes in Wakefield, we’ll see that the home price to income ratio is 4.7, which is 4.4% higher than the Virginia average.
| Statistic | Wakefield | Virginia | National |
| Average one way commute | 33min | 28min | 26min |
| Workers who drive to work | 68.3% | 77.4% | 76.4% |
| Workers who carpool | 8.7% | 9.5% | 9.3% |
| Workers who take public transit | 4.8% | 4.5% | 5.1% |
| Workers who bicycle | 0.4% | 0.4% | 0.6% |
| Workers who walk | 1.7% | 2.4% | 2.8% |
| Working from home | 15.1% | 4.7% | 4.6% |
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