Living in Nahant, Massachusetts
Cost of living, income, home prices, rent and demographics of Nahant · Census data 2020–2024
Nahant has 3,325 residents with a median age of 60.7. The median household income is $112,762 (8% higher than the Massachusetts median), the median home value is $748,800, the median rent is $1,777/month.
Nahant at a glance
- Population
- 3,325
- Median age
- 60.7State: 40
- Median household income
- $112,762State: $103,960
- Median home value
- $748,800State: $562,100
- Median rent
- $1,777/moState: $1,762
- Homeowners
- 78.9%
- Bachelor's degree or higher
- 61.6%
- Average commute
- 32 min
Is Nahant a good place to live?
Pros: Median household income 8% higher than the Massachusetts median; a poverty rate of 8.9%.
Cons: Home values 33% higher than the state median; an average commute of 32 minutes; unemployment of 5.9%.
The weather is best in June to September.
Cost of living in Nahant
Housing is the biggest part of the cost of living. In Nahant the median home value is $748,800, 125% higher than the U.S. median. Renters pay a median of $1,777 per month, which is 32.1% of household income. Homeowners with a mortgage pay $3,327 a month in housing costs.
Nahant median household income
The median household income in Nahant is $112,762 and the income per person is $97,976. 8.9% of residents live below the poverty line (Massachusetts: 10%).
Housing in Nahant: homes for sale and rent
- Housing units
- 1,814
- Owner-occupied
- 78.9%
- Renter-occupied
- 21.1%
- Vacant
- 12.4%Includes seasonal homes
- Median year built
- 1938
- Average household size
- 2.06
Nahant demographics
- Population
- 3,325
- Median age
- 60.7
- Under 18
- 11%
- 65 and older
- 36.2%
- Households
- 1,589
- Foreign-born
- 6.1%
- Veterans
- 5.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Nahant ›
Education in Nahant
61.6% of adults 25 and older in Nahant have a bachelor's degree or higher (Massachusetts: 47.3%), and 33.5% have a graduate or professional degree.
Jobs and commute in Nahant
- Unemployment rate
- 5.9%State: 5.2%
- Average commute
- 32 minState: 29 min
- Work from home
- 18.7%
- Drive alone
- 68%
- Public transit
- 2.5%
- Walk to work
- 5.8%
- Homes with broadband
- 95.3%
Nahant vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Nahant | 3,325 | $112,762 | $748,800 | $1,777 |
| Swampscott | 15,277 | $134,386 | $771,100 | $2,303 |
| Winthrop Town | 18,759 | $116,167 | $649,600 | $2,064 |
| Revere | 60,012 | $86,969 | $597,400 | $2,076 |
| Lynn | 101,709 | $75,043 | $510,100 | $1,722 |
| Hull | 10,138 | $115,485 | $646,000 | $2,081 |
| Marblehead | 20,413 | $182,132 | $943,900 | $1,764 |
| Salem | 44,795 | $85,153 | $542,800 | $1,836 |
| Chelsea | 39,908 | $72,179 | $493,500 | $1,956 |
More for people moving to Nahant
Nahant ZIP code ›Weather and climate ›Living in Nahant: FAQ
What is the median household income in Nahant, MA?
The median household income in Nahant is $112,762, 8% higher than the Massachusetts median of $103,960 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Nahant?
The median home value in Nahant is $748,800, compared with $562,100 in Massachusetts.
How much is rent in Nahant?
The median gross rent in Nahant is $1,777 per month, about 32.1% of household income.
Is Nahant, MA a good place to live?
Pluses: median household income 8% higher than the Massachusetts median; a poverty rate of 8.9%. Minuses: home values 33% higher than the state median; an average commute of 32 minutes; unemployment of 5.9%.
What is the median age in Nahant?
The median age in Nahant is 60.7 years (Massachusetts: 40).
How long is the commute in Nahant?
The average commute to work in Nahant is 32 minutes; 18.7% of workers work from home.
What is the unemployment rate in Nahant?
The unemployment rate in Nahant is 5.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Nahant?
61.6% of adults in Nahant have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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