Wellesley, MA
Maps & Population Facts
Population
29,004
Population Density
2,894
Labor Participaton
59.8%
Bachelor's or Higher
82.7%
Median Household Income
$176,852
Median Individual Income
$58,135
Median Individual Income(Full-time Workers Only)
$133,980
Housing Estimates
Median House Value
$1,042,300
Median Gross Rent
$1,768
Median Mortgage Payment
$3,924
Housing Units
9,221
People who reside in Wellesley live in:
Detached - Single Family Homes
81%
Apt, Condo, Other
19%
Analysis
Income
Households in Wellesley earn significantly more money than the national median income, averaging 1.93% higher per household.
Housing
Wellesley has a median house price of $1,042,300, which makes it one of the most expensive places in the United States to own property. The cost of renting in Wellesley is 75% more than the national average.
| Percent | |
|---|---|
| Renter Occupied Households | 38% |
| New Construction (Built after 2000) | 12% |
Demographics
The median age in Wellesley is 36. Wellesley has a population that is younger than in comparison to the US median age.
Wellesley 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
| Wellesley | Massachusetts | USA | |
| Median Property Value | 1,042,300 | 385,400 | 217,600 |
| Median Mortgage Payment | 3,924 | 2,108 | 1,513 |
| Median Gross Rent | 1,768 | 1,208 | 1,012 |
| Property Vacancy | 6.1% | 10.0% | 12.6% |
| % Renters | 17% | 38% | 36% |
| Residents per Sq. Mi. | 2,894 | 885 | 93 |
Personal Comparison
| Wellesley | Massachusetts | USA | |
| Median Household Income | 176,852 | 77,385 | 60,336 |
| Median Individual Income | 58,135 | 41,700 | 33,646 |
| Median Income (Full-Time) | 133,980 | 60,923 | 46,881 |
| Median Age | 35.9 | 39.5 | 38.1 |
| Labor Participation | 59.8% | 67.8% | 62.8% |
| Attained College Degree | 82.7% | 43.4% | 32.0% |
Population Density Analysis
Wellesley, MA
2,894
Residents per Sq. Mile
The population density of Wellesley 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 +