Wakefield CDP, MA

ZIP 01880 — Economy & Jobs

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow AreaRemote Work Hub

Income, employment, industries, and economic trends

Income & Economy in Wakefield CDP, MA (01880)

Median Income

$130,419

*Adjusted for inflation (2023 dollars)

IRS Net Migration

+1,287

Wealth inflow

Population

27,258

Unemployment

4.5%

0.8pp above US avg

IRS migration statistics show a net inflow of about 1,287 for ZIP 01880 (Wakefield CDP, MA) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.

Economic Indicators

Unemployment

4.5%+23% vs US avg

Self-Employed

2.7%-56% vs US avg

SNAP Benefits

5.5%-53% vs US avg

910

Establishments

14,674

Employees

~16 per establishment — small businesses dominate

Professional services

Top Industry

Economic Distributions

Census ACS 5-Year (P0): occupation, industry, household income brackets.

Occupation

Industry

Construction8.8%
Manufacturing8.9%
Wholesale trade2.7%
Retail trade8.0%
Transportation, utilities3.7%
Information2.5%
Finance, insurance, real estate8.8%
Professional, scientific, management18.4%
Education, health care, social25.6%
Arts, entertainment, food services6.0%
Other services3.0%
Public administration3.6%

Household Income

Historical Trends in 01880 (2020–Present)

Since 2020, population grew 2.1%, median income rose 5.9% (inflation-adjusted), home values increased 2.0%.

Median Income

$130,419

+74% vs US avg

Unemployment Rate