The old parish church became known as the Old or South Parish when in 1713 the North Parish was established. This North Parish later became the town of North Reading. In 1769 the West Parish was established. In 1812 the Old or South Parish of Reading separated from Reading and was officially incorporated as South Reading.
The Railroad was chartered and built in 1844 between Wilmington and Boston. This later became the main line of the Boston and Maine Railroad. The Boston and Maine Foundry was built in 1854 and was later reincorporated as the Smith and Anthony Stove Company. The Boston Ice Company cut and shipped ice from Lake Quannapowitt starting in 1851. The Rattan Works (which made wicker furniture) was established in 1856 by Cyrus Wakefield. This later grew into the Wakefield Rattan Company and at one time had a thousand employees. In 1868 Cyrus Wakefield donated land and money for a new Town Hall and in thanks the town voted to change its name from South Reading to Wakefield.
In 1856 the South Reading public library was established, this later became the Beebe Town Library. The first weekly newspaper in town was established in 1858. Wakefield is made up of various parts including the Westside, Montrose and Greenwood.
One of the oldest and largest manufacturers of flying model airplane toys in the world, Paul K. Guillow, Inc. is located in Wakefield. The company is particularly notable for its extensive line of balsa wood model airplane kits.
Wakefield gained media attention on December 26, 2000, when Michael McDermott, an employee at Edgewater Technology, fatally shot seven of his co-workers.
The town has also gained considerable attention in August, 2008 surrounding the trial of alleged double murderer Sean Fitzpatrick. Fitzpatrick is accused of killing Michael Zammitti Jr. and Chester Roberts on March 13, 2006.
Reading, Massachusetts (West), Melrose, Massachusetts (South), Stoneham, Massachusetts (Southwest), Lynnfield, Massachusetts (North), and Saugus, Massachusetts (East) border Wakefield.
According to the United States Census Bureau, the town has a total area of 7.9 square miles (20.5 km²), of which, 7.5 square miles (19.3 km²) of it is land and 0.4 square miles (1.1 km²) of it (5.56%) is water.
Wakefield has two lakes: Crystal Lake and Lake Quannapowitt. Crystal Lake is used as a reservoir for some of the town's drinking water. Lake Quannapowitt is used for a wide variety of recreational activities, including boating, windsurfing and fishing, and is the primary source of the Saugus river.
In 1847, Lake Quannapowitt was named for the Indian, James Quannapowitt, one of the signers of the old Indian Deed of 1686. The earliest settlers referred to the lake simply as the "Greate Pond" or "Reading Pond." Lake Quannapowitt is also home to the oldest inland yacht club in the United States, Quannapowitt Yacht Club which was founded in 1886. Long regarded as "Wakefield's greatest natural resource," Lake Quannapowitt covers an area of 247 acres. Its outlet is the Saugus River to the Atlantic Ocean. Wakefield Common sits to the south of the lake, and is the site of many recreational activities and events throughout the year.
In 1991, a group of local citizens formed "The Friends of Lake Quannapowitt" to advocate for the lake and to educate the public about this natural resource. The group has also raised money for projects that benefit the lake and the surrounding areas.
There were 9,747 households out of which 30.2% had children under the age of 18 living with them, 55.1% were married couples living together, 9.7% had a female householder with no husband present, and 32.2% were non-families. 26.4% of all households were made up of individuals and 10.6% had someone living alone who was 65 years of age or older. The average household size was 2.52 and the average family size was 3.09.
In the town the population was spread out with 22.6% under the age of 18, 5.8% from 18 to 24, 32.7% from 25 to 44, 23.8% from 45 to 64, and 15.1% who were 65 years of age or older. The median age was 39 years. For every 100 females there were 90.2 males. For every 100 females age 18 and over, there were 87.8 males.
The median income for a household in the town was $66,117, and the median income for a family was $77,834. Males had a median income of $51,591 versus $39,327 for females. The per capita income for the town was $30,369. About 1.7% of families and 3.1% of the population were below the poverty line, including 1.7% of those under age 18 and 4.6% of those age 65 or over.
Wakefield hosts yearly major town meetings to discuss the budget. As it is a town, not a city, Wakefield's main decisions are made by a Board of Selectmen.
Elinor Freedman is the current principal of Wakefield High School. Wakefield High School's sports teams are known as the Wakefield Warriors. In 1997, the boys' and girls' basketball teams from Wakefield High School won Division II state championships on the same night.
Contains 1 middle school (Galvin Middle) (current Principal: Dr. Mullen), and 4 Elementary schools (Woodville, Dolbeare, Walton and Greenwood). Defunct elementary schools include Doyle, Lincoln, Warren, Montrose, Hurd, Franklin, Yeuell, and the Little Red School House. The Little Red School house was a one-room school house building that was used for pre-K and K students on the Westside. Westside students would later attend the Mary E. Walton School or Doyle school from 1-4 grades. Now, all Westside pupils attend the Walton school. In 2003 the Doyle School closed down and forced children to changed schools. Wakefield is also home to two private schools, St. Joseph's & the Odyssey Day School. Since fall of 2003, Odyssey has been located in the former Doyle School, which they are leasing from the town of Wakefield.