Nantucket, MA
Maps & Population Facts
Population
10,912
Population Density
237
Labor Participaton
74.9%
Bachelor's or Higher
45.1%
Median Household Income
$91,942
Median Individual Income
$40,437
Median Individual Income(Full-time Workers Only)
$57,727
Housing Estimates
Median House Value
$995,900
Median Gross Rent
$1,689
Median Mortgage Payment
$2,783
Housing Units
12,030
People who reside in Nantucket live in:
Detached - Single Family Homes
84%
Apt, Condo, Other
16%
Analysis
Income
Households in Nantucket earn significantly more money than the national median income, averaging 52% higher per household.
Housing
Nantucket has a median house price of $995,900, which makes it one of the most expensive places in the United States to own property. The cost of renting in Nantucket is 67% more than the national average.
| Percent | |
|---|---|
| Renter Occupied Households | 38% |
| New Construction (Built after 2000) | 19% |
Demographics
The median age in Nantucket is 40. The age of the general population in Nantucket is comparable with with the national average.
Nantucket 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
| Nantucket | Massachusetts | USA | |
| Median Property Value | 995,900 | 385,400 | 217,600 |
| Median Mortgage Payment | 2,783 | 2,108 | 1,513 |
| Median Gross Rent | 1,689 | 1,208 | 1,012 |
| Property Vacancy | 68.7% | 10.0% | 12.6% |
| % Renters | 35% | 38% | 36% |
| Residents per Sq. Mi. | 237 | 885 | 93 |
Personal Comparison
| Nantucket | Massachusetts | USA | |
| Median Household Income | 91,942 | 77,385 | 60,336 |
| Median Individual Income | 40,437 | 41,700 | 33,646 |
| Median Income (Full-Time) | 57,727 | 60,923 | 46,881 |
| Median Age | 39.8 | 39.5 | 38.1 |
| Labor Participation | 74.9% | 67.8% | 62.8% |
| Attained College Degree | 45.1% | 43.4% | 32.0% |
Population Density Analysis
Nantucket, MA
237
Residents per Sq. Mile
The population density of Nantucket 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 +