Wakefield, Virginia Demographics & Population 2026
During the 2020–2024 ACS period, Wakefield, Virginia had a total population of 11,930, the 114th largest community in Virginia, with a median household income of $237,975, which is 155% higher than the state average. The poverty rate is 1.8%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Household income is 155% above the state average — one of the wealthiest communities in Virginia.
- An exceptionally low poverty rate of 1.8% — among the lowest in Virginia.
- 73.8% of adults hold a bachelor's degree or higher — top 10% in Virginia.
Wakefield Quick Facts
How Wakefield Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 12,024 | 11,930 | -0.8% |
| Median household income | $221,793 | $237,975 | +7.3% |
| Median home value | $826,100 | $861,600 | +4.3% |
How Wakefield Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A diverse community with significant representation from multiple racial and ethnic groups.
State average: 61 | National average: 61
Education
Educational Attainment (Adults 25+)
Wakefield Rankings in Virginia
Explore Virginia Rankings
Other Cities in Fairfax County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Centreville | 71,706 | $139,510 | 7.2% | $590,500 |
| Reston | 64,414 | $148,710 | 5.7% | $642,000 |
| McLean | 49,627 | $250,000+ | 2.9% | $1,412,700 |
| Burke | 44,029 | $185,818 | 3.2% | $747,700 |
| Annandale | 41,705 | $116,263 | 12.1% | $681,300 |
| Oakton | 36,528 | $160,663 | 4.6% | $792,100 |
| Fair Oaks | 35,545 | $123,947 | 5.7% | $608,200 |
| West Falls Church | 31,279 | $134,978 | 7.9% | $706,800 |
| Springfield | 31,154 | $125,999 | 8.9% | $640,300 |
| Tysons | 28,936 | $129,818 | 7.9% | $640,000 |
Cities Similar to Wakefield
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Wyndham | 12,099 | $235,250 | $703,000 | 84.5% | 1.2% |
| Dranesville | 11,828 | $214,688 | $744,500 | 75.2% | 2.8% |
| Fairfax Station | 12,566 | $212,224 | $897,000 | 74.5% | 1.7% |
| New Baltimore | 11,919 | $189,327 | $698,000 | 59.8% | 4.0% |
| Lowes Island | 11,018 | $220,833 | $793,200 | 76.1% | 1.6% |
Population Overview
Wakefield is a small city located in Virginia, within Fairfax County. The total population is 11,930. It ranks as the 114th most populous out of 681 Census-designated places in Virginia.
Age Demographics
The median age in Wakefield is 41.3 years. This is 6% higher than the state median of 39.0 years.
Economy, Income & Housing
The median household income in Wakefield is $237,975. This is 155% higher than the state median of $93,170. It is also 195% higher than the national median of $80,734. The poverty rate stands at 1.8%. This is 82% lower than the state poverty rate of 9.9%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 2.9%. This is 33% lower than the state rate of 4.3%. The median home value is $861,600. Housing costs are 125% higher than the state median of $383,700. The home-value-to-income ratio is 3.6x. 91.6% of occupied housing units are owner-occupied. This homeownership rate is 36% higher than the state average of 67.3%.
Race & Ethnicity
The largest racial or ethnic group in Wakefield is White (non-Hispanic), making up 63.2% of the population. Asian residents account for 17.0%. The Black or African American population (4.8%) is well below the state average of 18.3%. The Asian population is significantly higher than the state average (17.0% vs 6.9%).
Education
73.8% of residents aged 25 and older hold a bachelor's degree or higher. This places Wakefield in the top 10% of all cities in the state for educational attainment. This is 75% higher than the state rate of 42.2%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 96.9%. Notably, 40.9% of adults hold a graduate or professional degree, indicating a highly educated workforce.
Data Sources & Methodology
All demographic data for Wakefield, Virginia is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. 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. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
Free data download: Get all Virginia city and county demographics as CSV. Download Cities CSV | Download Counties CSV
Frequently Asked Questions
What is the population of Wakefield, Virginia?
Wakefield, Virginia has a population of 11,930 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Wakefield, VA?
The median household income in Wakefield is $237,975, which is 195% higher than the national median of $80,734.
What is the poverty rate in Wakefield, VA?
The poverty rate in Wakefield is 1.8%. This means approximately 210 residents live below the federal poverty line.
What is the racial makeup of Wakefield, Virginia?
Wakefield's population is 63.2% White, 4.8% Black, 9.1% Hispanic/Latino, and 17.0% Asian.
What is the median home value in Wakefield, VA?
The median home value in Wakefield is $861,600. The home-value-to-income ratio is 3.6x.
How educated is Wakefield, Virginia?
73.8% of adults (25+) in Wakefield hold a bachelor's degree or higher, and 40.9% hold a graduate or professional degree.