Wakefield is a city in Massachusetts state in USA with a population of 27041 residents.. The poverty rate of Wakefield is 5%, which is 64% lower than national average. The typical household in Wakefield earns $103696 a year, compared to the national median of $67,500. Nearly 21% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Wakefield, only 94% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Wakefield remained 2.7%, which is 43% lower than national rate. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Wakefield, only 53% of adults have a bachelor's degree and 21% have some college but no degree.

Cost of living in Wakefield is 146, which is 46% higher than national average. Median home value in Wakefield is $557800 , which is 143% higher than national average. While median income in Wakefield remained $103696, which is 54% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.