Lanesborough, MA
Maps & Population Facts
Population
3,004
Population Density
104
Labor Participaton
72.8%
Bachelor's or Higher
42.7%
Median Household Income
$76,016
Median Individual Income
$37,885
Median Individual Income(Full-time Workers Only)
$51,847
Housing Estimates
Median House Value
$217,600
Median Gross Rent
$955
Median Mortgage Payment
$1,615
Housing Units
1,437
People who reside in Lanesborough live in:
Detached - Single Family Homes
83%
Apt, Condo, Other
17%
Analysis
Income
Households in Lanesborough earn significantly more money than the national median income, averaging 26% higher per household.
Housing
Lanesborough has a median house price of $217,600. The cost of homeownership is comparable with other areas. The cost of renting in Lanesborough is 6% less than the national average.
| Percent | |
|---|---|
| Renter Occupied Households | 38% |
| New Construction (Built after 2000) | 9% |
Demographics
The median age in Lanesborough is 49. Lanesborough has a population that is significantly older than in comparison to the US median age.
Lanesborough ranks in the highest of the nation for having an educated population with more college graduates per resident than most areas.
Housing Data
Housing Comparison
| Lanesborough | Massachusetts | USA | |
| Median Property Value | 217,600 | 385,400 | 217,600 |
| Median Mortgage Payment | 1,615 | 2,108 | 1,513 |
| Median Gross Rent | 955 | 1,208 | 1,012 |
| Property Vacancy | 17.6% | 10.0% | 12.6% |
| % Renters | 16% | 38% | 36% |
| Residents per Sq. Mi. | 104 | 885 | 93 |
Personal Comparison
| Lanesborough | Massachusetts | USA | |
| Median Household Income | 76,016 | 77,385 | 60,336 |
| Median Individual Income | 37,885 | 41,700 | 33,646 |
| Median Income (Full-Time) | 51,847 | 60,923 | 46,881 |
| Median Age | 49.1 | 39.5 | 38.1 |
| Labor Participation | 72.8% | 67.8% | 62.8% |
| Attained College Degree | 42.7% | 43.4% | 32.0% |
Population Density Analysis
Lanesborough, MA
104
Residents per Sq. Mile
The population density of Lanesborough is comparable to that of a Rural Area.
Major City
10,000 Residents +
Mid-Sized City
5,000 Residents +
Small City
2,500 Residents +
Suburban
500 Residents +
Rural
100 Residents +
Remote
1 Residents +