Wakefield is a medium-sized town located in the state of Massachusetts. With a population of 27,069 people and five associated neighborhoods, Wakefield is the 73rd largest community in Massachusetts.

Housing costs in Wakefield are among some of the highest in the nation, although real estate prices here don't compare to real estate prices in the most expensive communities in Massachusetts.

Also of interest is that Wakefield has more people living here who work in computers and math than 95% of the places in the US.

One interesting thing about the economy is that relatively large numbers of people worked from their home: 20.35% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

In addition, Wakefield is home to many people who could be described as "urban sophisticates". Urban sophisticates are educated, wealthy, executives and professionals, who have urbane tastes in books, food, and travel, whether they actually live in a big city, or choose to reside in a small town. In big or medium-sized cities, urban sophisticates tend to frequent art institutions such as opera, symphonies, ballet, live theatre, and museums.

Wakefield is a good choice for families with children because of several factors. Many other families with children live here, making it a place where both parents and children are more likely to develop social ties with other families. The town’s good public school district and large population of college-educated adults provide an environment conducive to academic success. Many people own their own single-family homes, providing areas for children to play and stability in the community. Finally, Wakefield’s overall crime rate is lower than average for the country.

One downside of living in Wakefield is that it can take a long time to commute to work. In Wakefield, the average commute to work is 31.98 minutes, which is quite a bit higher than the national average. On the other hand, local public transit is widely used in the town, so leaving the car at home and taking transit is often a viable alternative.

Although the majority of commuting trips in the town are by private automobile, Wakefield is somewhat unusual for a town of its size for having a substantial number of people who use public transportation. For a lot of people, the subway helps to get to and from their jobs every morning, which benefits everyone in the Wakefield area by reducing both traffic and air pollution.

If knowledge is power, Wakefield is a pretty powerful place. 56.87% of the adults in Wakefield have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.

The per capita income in Wakefield in 2022 was $64,988, which is upper middle income relative to Massachusetts, and wealthy relative to the rest of the US. This equates to an annual income of $259,952 for a family of four.

The people who call Wakefield home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Wakefield residents report their race to be White, followed by Asian. Important ancestries of people in Wakefield include Irish, Italian, English, German, and Polish.

The most common language spoken in Wakefield is English. Other important languages spoken here include Spanish and Italian.