Waltham, MA
Maps & Population Facts
Population
62,832
Population Density
4,933
Labor Participaton
69.8%
Bachelor's or Higher
50.7%
Median Household Income
$83,249
Median Individual Income
$40,147
Median Individual Income(Full-time Workers Only)
$59,123
Housing Estimates
Median House Value
$463,600
Median Gross Rent
$1,507
Median Mortgage Payment
$2,260
Housing Units
25,518
People who reside in Waltham live in:
Detached - Single Family Homes
38%
Apt, Condo, Other
62%
Analysis
Income
Households in Waltham earn significantly more money than the national median income, averaging 38% higher per household.
Housing
Waltham has a median house price of $463,600. The cost of homeownership is significantly higher than most areas. The cost of renting in Waltham is 49% more than the national average.
Percent | |
---|---|
Renter Occupied Households | 38% |
New Construction (Built after 2000) | 11% |
Demographics
The median age in Waltham is 34. Waltham has a population that is significantly younger than in comparison to the US median age.
Waltham 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
Waltham | Massachusetts | USA | |
Median Property Value | 463,600 | 385,400 | 217,600 |
Median Mortgage Payment | 2,260 | 2,108 | 1,513 |
Median Gross Rent | 1,507 | 1,208 | 1,012 |
Property Vacancy | 7.0% | 10.0% | 12.6% |
% Renters | 48% | 38% | 36% |
Residents per Sq. Mi. | 4,933 | 885 | 93 |
Personal Comparison
Waltham | Massachusetts | USA | |
Median Household Income | 83,249 | 77,385 | 60,336 |
Median Individual Income | 40,147 | 41,700 | 33,646 |
Median Income (Full-Time) | 59,123 | 60,923 | 46,881 |
Median Age | 34.2 | 39.5 | 38.1 |
Labor Participation | 69.8% | 67.8% | 62.8% |
Attained College Degree | 50.7% | 43.4% | 32.0% |
Population Density Analysis
Waltham, MA
4,933
Residents per Sq. Mile
The population density of Waltham is comparable to that of a Small City.
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 +