Wakefield, PA
Population 577 · Pennsylvania
About Wakefield, PA
Wakefield is a small community located in Pennsylvania with a population of 577 residents according to the latest US Census Bureau American Community Survey data. The median household income is $77,976 per year, which is 4% above the national median of $75,149. The median age of 27.9 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Wakefield features a median home value of $310,900, which is 27% above the national median of $244,900. This positions Wakefield in a moderately priced market relative to the rest of the country. Median monthly rent is $1,643, 41% above the national average of $1,163/month. Of the 182 total housing units, 81% are owner-occupied (148 units) and 19% are renter-occupied (34 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Wakefield shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 6.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Wakefield have an average one-way commute time of 25.4 minutes.
Education & Demographics
8.7% of Wakefield residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 1.2% White, 0.0% Hispanic or Latino, 1.2% Black or African American, and 0.0% Asian residents, with 1.2% of the population being foreign-born.
Cost of Living in Wakefield, PA
Compared to national averages, Wakefield has a median household income of $77,976 (4% above the national median of $75,149). Home values average $310,900, which is 27% above the national median. Monthly rent at $1,643 is 41% above the US average of $1,163. Within Pennsylvania, Wakefield's income is 6% above the state average of $73,376, and home values are 63% above the state median of $190,903.
Why Live in Wakefield, PA?
Wakefield offers a strong local economy with a median household income of $77,976, well above the national average, and a strong job market with an unemployment rate of just 0.0%, and a low poverty rate of 6.8%, better than the national average.
Wakefield has a population of 577 with a median age of 27.9 years. Compare Wakefield with other cities to see how it stacks up, or explore all cities in Pennsylvania.
Similar Cities Near Wakefield
Cities in Pennsylvania with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| North Towanda | 576 | $22,721 | $170,000 | Compare |
| Lewis Run | 575 | $72,639 | $119,400 | Compare |
| Loysville | 575 | $39,659 | $201,800 | Compare |
| Shippenville | 579 | $46,016 | $100,900 | Compare |
| Starbrick | 579 | $52,961 | $95,000 | Compare |
| Dayton | 572 | $57,917 | $107,000 | Compare |
| Juniata Terrace | 582 | $54,167 | $59,000 | Compare |
| Lemont Furnace | 582 | $60,000 | $68,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Pennsylvania
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Wakefield With Other Cities
Frequently Asked Questions about Wakefield
What is the population of Wakefield, PA?
The population of Wakefield, PA is 577 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Pennsylvania.
What is the median household income in Wakefield?
The median household income in Wakefield, PA is $77,976 per year, which is 4% above the national median of $75,149.
What is the median home value in Wakefield?
The median home value in Wakefield, PA is $310,900, which is 27% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Wakefield?
The median monthly rent in Wakefield, PA is $1,643, which is 41% above the national average of $1,163/month.
What is the unemployment rate in Wakefield?
The unemployment rate in Wakefield, PA is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Wakefield, PA a good place to live?
Wakefield offers above-average incomes, a competitive housing market, and a strong job market. With a population of 577 and a median age of 27.9, the city appeals to young professionals and families.
How educated is Wakefield, PA?
8.7% of residents in Wakefield aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Wakefield?
Key cost-of-living indicators for Wakefield, PA: median home value is $310,900 (27% above national), median rent is $1,643/month, and median household income is $77,976. The home-value-to-income ratio is 4.0x, a moderate figure by national standards.
What is the poverty rate in Wakefield?
The poverty rate in Wakefield, PA is 6.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Wakefield, PA?
Wakefield's population is 1.2% White, 0.0% Hispanic or Latino, 1.2% Black or African American, 0.0% Asian, and 0.0% two or more races. 1.2% of residents are foreign-born.