Today, Wakefield is a desirable suburban residential community governed by a public spirited, well-informed citizenry interested in maintaining both the natural beauty of the town and in providing a high quality of services and facilities at a level adequate to the needs of health and safety. The town has diversification of industry and employment and the level of wages and employment is high. Manufacturing is the largest source of employment; next in importance finance, insurance and real estate followed by the wholesale and retail trade industry.

The Central Business District along Main Street consists of banks, public buildings, specialty shops, and professional offices. Town residents confidently assert that Wakefield is a well managed community.

Wakefield Mass is located in Eastern Massachusetts, bordered by Stoneham and Reading on the west, Melrose on the south, Saugus on the east, and Lynnfield on the north. Wakefield is 10 miles north of Boston; 16 miles south of Lawrence; 100 miles south of Portland, Maine; and 230 miles from New York City.