Living in Nantucket, Massachusetts
Cost of living, income, home prices, rent and demographics of Nantucket · Census data 2020–2024
Nantucket has 14,483 residents with a median age of 42.4. The median household income is $139,688 (34% higher than the Massachusetts median), the median home value is $1,593,800, the median rent is $2,213/month.
Nantucket at a glance
- Population
- 14,483
- Median age
- 42.4State: 40
- Median household income
- $139,688State: $103,960
- Median home value
- $1,593,800State: $562,100
- Median rent
- $2,213/moState: $1,762
- Homeowners
- 71.8%
- Bachelor's degree or higher
- 56.3%
- Average commute
- 16 min
Is Nantucket a good place to live?
Pros: Median household income 34% higher than the Massachusetts median; an average commute of 16 minutes; unemployment of 4.3%; a poverty rate of 3.2%.
Cons: Home values 184% higher than the state median.
The weather is best in June to September.
Cost of living in Nantucket
Housing is the biggest part of the cost of living. In Nantucket the median home value is $1,593,800, 379% higher than the U.S. median. Renters pay a median of $2,213 per month, which is 31.7% of household income. Homeowners with a mortgage pay $3,888 a month in housing costs.
Nantucket median household income
The median household income in Nantucket is $139,688 and the income per person is $77,014. 3.2% of residents live below the poverty line (Massachusetts: 10%).
Housing in Nantucket: homes for sale and rent
- Housing units
- 12,594
- Owner-occupied
- 71.8%
- Renter-occupied
- 28.2%
- Vacant
- 58.3%Includes seasonal homes
- Median year built
- 1984
- Average household size
- 2.71
58.3% of homes are vacant most of the year, a sign that Nantucket has many vacation and second homes.
Nantucket demographics
- Population
- 14,483
- Median age
- 42.4
- Under 18
- 20.5%
- 65 and older
- 16.1%
- Households
- 5,252
- Foreign-born
- 15.8%
- Veterans
- 6.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Nantucket ›
Education in Nantucket
56.3% of adults 25 and older in Nantucket have a bachelor's degree or higher (Massachusetts: 47.3%), and 21.9% have a graduate or professional degree.
Jobs and commute in Nantucket
- Unemployment rate
- 4.3%State: 5.2%
- Average commute
- 16 minState: 29 min
- Work from home
- 13%
- Drive alone
- 67.9%
- Public transit
- 0.7%
- Walk to work
- 6.4%
- Homes with broadband
- 95.3%
Nantucket vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Nantucket | 14,483 | $139,688 | $1,593,800 | $2,213 |
| Madaket | 377 | $112,500 | $1,637,500 | — |
| Edgartown | 5,278 | $125,236 | $1,199,300 | $1,796 |
| Chatham | 6,681 | $85,167 | $942,800 | $1,485 |
| West Yarmouth | 6,194 | $65,841 | $494,600 | $1,470 |
| Dennis Port | 3,691 | $70,094 | $523,900 | $1,556 |
| West Dennis | 2,556 | $95,758 | $644,800 | $1,593 |
| Oak Bluffs | 5,407 | $145,196 | $923,100 | $1,099 |
| Harwich Port | 2,238 | $70,761 | $815,500 | — |
More for people moving to Nantucket
Nantucket ZIP code ›Weather and climate ›Living in Nantucket: FAQ
What is the median household income in Nantucket, MA?
The median household income in Nantucket is $139,688, 34% 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 Nantucket?
The median home value in Nantucket is $1,593,800, compared with $562,100 in Massachusetts.
How much is rent in Nantucket?
The median gross rent in Nantucket is $2,213 per month, about 31.7% of household income.
Is Nantucket, MA a good place to live?
Pluses: median household income 34% higher than the Massachusetts median; an average commute of 16 minutes; unemployment of 4.3%; a poverty rate of 3.2%. Minuses: home values 184% higher than the state median.
What is the median age in Nantucket?
The median age in Nantucket is 42.4 years (Massachusetts: 40).
How long is the commute in Nantucket?
The average commute to work in Nantucket is 16 minutes; 13% of workers work from home.
What is the unemployment rate in Nantucket?
The unemployment rate in Nantucket is 4.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Nantucket?
56.3% of adults in Nantucket 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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