Millbury, MA
Maps & Population Facts
Population
13,521
Population Density
860
Labor Participaton
71.1%
Bachelor's or Higher
31.3%
Median Household Income
$74,713
Median Individual Income
$42,428
Median Individual Income(Full-time Workers Only)
$56,622
Housing Estimates
Median House Value
$263,200
Median Gross Rent
$1,029
Median Mortgage Payment
$1,886
Housing Units
5,762
People who reside in Millbury live in:
Detached - Single Family Homes
62%
Apt, Condo, Other
38%
Analysis
Income
Households in Millbury earn significantly more money than the national median income, averaging 24% higher per household.
Housing
Millbury has a median house price of $263,200. The cost of homeownership is slightly higher than most areas. The cost of renting in Millbury is 2% more than the national average.
| Percent | |
|---|---|
| Renter Occupied Households | 38% |
| New Construction (Built after 2000) | 13% |
Demographics
The median age in Millbury is 43. Millbury has a population that is significantly older than in comparison to the US median age.
Millbury ranks average for having an educated population. The percent of residents who have a college degree is comparable with other areas.
Housing Data
Housing Comparison
| Millbury | Massachusetts | USA | |
| Median Property Value | 263,200 | 385,400 | 217,600 |
| Median Mortgage Payment | 1,886 | 2,108 | 1,513 |
| Median Gross Rent | 1,029 | 1,208 | 1,012 |
| Property Vacancy | 7.5% | 10.0% | 12.6% |
| % Renters | 26% | 38% | 36% |
| Residents per Sq. Mi. | 860 | 885 | 93 |
Personal Comparison
| Millbury | Massachusetts | USA | |
| Median Household Income | 74,713 | 77,385 | 60,336 |
| Median Individual Income | 42,428 | 41,700 | 33,646 |
| Median Income (Full-Time) | 56,622 | 60,923 | 46,881 |
| Median Age | 43.2 | 39.5 | 38.1 |
| Labor Participation | 71.1% | 67.8% | 62.8% |
| Attained College Degree | 31.3% | 43.4% | 32.0% |
Population Density Analysis
Millbury, MA
860
Residents per Sq. Mile
The population density of Millbury is comparable to that of a Suburban 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 +