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Wakefield, Massachusetts

CDP · Middlesex County

At a glance

27,793
Population
$723,500
Median home value (all homes)
138% above U.S. median
$829,202
Typical market value
Zillow, 2026-07
$1,958/mo
Median rent
45% above U.S. median
$134,306
Median household income
71% above U.S. median
33.2 min
Average commute
94%
Homes with broadband
88.86%
Locations with fiber available
4.4%
Unemployment

Cost of living (Clay Affordability Index)

CAI 146 — 46% above the national average. how it's computed

Housing156% above
Goods & services2% above
Utilities16% above
Taxes7% below
Insurance5% above
Commute cost24% above
For business: Massachusetts is CBII band 3/5 · time to build band 3/5. See state page for the breakdown.

Living here

Nearest 4-year college7 mi
Nearest community college6 mi
Nearest technical college3 mi
High school graduates96.4%
College graduates59.7%

Doing business here

Economic development contacts, most local first:

city Wakefield Economic Development
Wakefield's Community and Economic Development Department supports local businesses (large and small) and positions the Town for regional economic development; it assists with site location, permitting, and steps to open a business, and aims to increase the commercial and industrial tax base.
region Montachusett Regional Planning Com
MRPC provides technical planning assistance to 22 member communities in the Montachusett Region of greater north central Massachusetts, offering comprehensive planning, GIS data analysis, grant writing and administration, and transit/transportation planning services.
state MassDevelopment
MassDevelopment provides financing, real estate, and community development solutions to grow businesses, create opportunity, and energize cities and towns across Massachusetts. It aims to revitalize communities, expand housing, and create jobs.
state Massachusetts Alliance for Economic Development
MassEcon is a private, non-profit partnership of business, industry leaders, and government dedicated to the economic growth of Massachusetts. MassEcon's mission is to promote and champion Massachusetts as the best place to start, grow and locate a business.
State sales taxYes
State income taxYes
Right-to-work stateNo

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