This data is based on ZIP code 27587, which covers Wake Forest and Raleigh and Rolesville.
The U.S. Census reports business data by ZIP code, not city boundaries. All numbers reflect the combined ZIP code 27587 area shared across these towns.
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Wake Forest ZIP Area Economy · 2023
Wages -43% vs. avg. Wake Co. town
Wake Forest's ZIP area supports 20,587 jobs across 1,943 businesses, with workers earning an average of $42K per year, 43% below the Wake County average. The economy is well-diversified (0.90 index), led by professional services and retail trade. 87.8% of businesses have fewer than 20 employees, and each business employs an average of 10.6 people. Jobs grew 7% from the prior year while business count grew 3.8%.
Where Businesses Clusteri
Larger blocks have more businesses.
Local Specialization vs. Wake Avg.i
Industries sorted by relative concentration in this ZIP area.
Business Size Distributioni
1,943 businesses by employee count. 87.8% are small businesses (under 20 employees).
Micro (<5)
Small (5-9)
Small (10-19)
Medium (20-49)
Medium (50-99)
Large (100-249)
Major (250-499)
Economic Densityi
0.39
jobs per resident
10.6
employees per business
County avg: 17.2-38%
$16K
payroll per resident
$445K
payroll per business
Wake Forest ZIP Area vs. Avg. Wake Co. Towni
All Industries in ZIP Areai
| Sector | Wake Forest ZIP | Avg. Wake Co. | Spec. |
|---|---|---|---|
| Professional Services | 313 | 982 | 1.0x |
| Retail Trade | 222 | 639 | 1.0x |
| Construction | 220 | 619 | 1.1x |
| Healthcare | 181 | 596 | 0.9x |
| Other Services | 165 | 506 | 1.0x |
| Food & Accommodation | 161 | 500 | 1.0x |
| Admin Services | 129 | 380 | 1.0x |
| Real Estate | 120 | 387 | 0.9x |
| Finance & Insurance | 90 | 299 | 0.9x |
| Wholesale Trade | 66 | 271 | 0.7x |
| Transportation | 54 | 156 | 1.0x |
| Information | 40 | 131 | 0.9x |
| Arts & Entertainment | 34 | 98 | 1.0x |
| Education | 33 | 112 | 0.9x |
| Manufacturing | 28 | 122 | 0.7x |
| Management | 11 | 52 | 0.6x |