Wakefield town, Virginia Demographics & Population 2026

Population Overview

Wakefield town is a small community located in Virginia. The total population is 1,082. It ranks as the 375th most populous out of 681 cities and towns in Virginia.

Age Demographics

The median age in Wakefield town is 40.4 years. This is 4% higher than the state median of 38.8 years. Only 9.2% of residents are under 18, indicating fewer families with children. 14.7% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.

Economy, Income & Housing

The median household income in Wakefield town is $56,250. This is 38% lower than the state median of $90,974. Compared to the national median of $78,538, household income here is 28% lower. The poverty rate stands at 7.7%. This is 22% lower than the state poverty rate of 9.9%. The unemployment rate is 3.6%. This is 15% lower than the state rate of 4.3%. The median home value is $155,600. Housing costs are 57% lower than the state median of $360,700. With a home-value-to-income ratio of just 2.8x, Wakefield town is one of the most affordable housing markets in the area. 72.5% of occupied housing units are owner-occupied. This homeownership rate is 8% higher than the state average of 67.2%.

Race & Ethnicity

The largest racial or ethnic group in Wakefield town is Black or African American, making up 64.6% of the population. White (non-Hispanic) residents account for 32.8%. The Black or African American population is significantly higher than the state average (64.6% vs 18.4%). The Hispanic or Latino population (0.5%) is well below the state average of 10.7%. The Asian population (0.2%) is well below the state average of 6.8%.

Education

20.0% of residents aged 25 and older hold a bachelor's degree or higher. This is 52% lower than the state rate of 41.5%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 87.1%.

Data Sources & Methodology

All demographic data for Wakefield town, Virginia is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Virginia state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 681 Census-designated places in Virginia. For official data, visit data.census.gov.