Wakefield, MA
Population 27,284 · Massachusetts
About Wakefield, MA
Wakefield is a mid-sized city in Massachusetts with a population of 27,284 residents. The median household income is $130,320 per year, which is above the national average. The median age in Wakefield is 42.9 years.
Housing in Wakefield has a median home value of $670,100 and median monthly rent of $1,872. Of the 11,526 total housing units, the majority are owner-occupied, with 7,795 owner-occupied and 3,271 renter-occupied units.
The unemployment rate in Wakefield is 4.5% and the poverty rate is 4.6%. 57.0% of residents hold a bachelor's degree or higher. The average commute time is 31.8 minutes.
How Wakefield Ranks in Massachusetts
Cost of Living in Wakefield, MA
Compared to national averages, Wakefield has a median household income of $130,320 (73% above the national median of $75,149). Home values average $670,100, which is 174% above the national median. Monthly rent at $1,872 is 61% above the US average of $1,163. Within Massachusetts, Wakefield's income is 23% above the state average of $105,630, and home values are 19% above the state median of $561,296.
Why Live in Wakefield, MA?
Wakefield offers a strong local economy with a median household income of $130,320, well above the national average, and a well-educated community where 57.0% of residents hold a bachelor’s degree or higher, and a low poverty rate of 4.6%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $670,100. However, Wakefield’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Wakefield has a population of 27,284 with a median age of 42.9 years. Compare Wakefield with other cities to see how it stacks up, or explore all cities in Massachusetts.
Similar Cities Near Wakefield
Cities in Massachusetts with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Belmont | 27,009 | $178,188 | $1,108,800 | Compare |
| Milford | 27,919 | $88,992 | $429,800 | Compare |
| Danvers | 27,924 | $117,072 | $611,200 | Compare |
| Burlington | 26,223 | $142,207 | $679,400 | Compare |
| Milton | 28,481 | $178,053 | $896,500 | Compare |
| Agawam Town | 28,510 | $82,359 | $290,000 | Compare |
| Saugus | 28,599 | $100,819 | $589,500 | Compare |
| West Springfield Town | 28,635 | $70,401 | $307,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Massachusetts
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Wakefield
What is the population of Wakefield, MA?
The population of Wakefield, MA is 27,284 according to the latest Census data.
What is the median household income in Wakefield?
The median household income in Wakefield, MA is $130,320 per year.
What is the median home value in Wakefield?
The median home value in Wakefield, MA is $670,100.
What is the average rent in Wakefield?
The median monthly rent in Wakefield, MA is $1,872.
What is the unemployment rate in Wakefield?
The unemployment rate in Wakefield, MA is 4.5%.