Living in Wellesley, Massachusetts
Cost of living, income, home prices, rent and demographics of Wellesley · Census data 2020–2024
Wellesley has 30,347 residents with a median age of 37.1. The median household income is $250,001 (140% higher than the Massachusetts median), the median home value is $1,582,700, the median rent is $2,886/month.
Wellesley at a glance
- Population
- 30,347
- Median age
- 37.1State: 40
- Median household income
- $250,001State: $103,960
- Median home value
- $1,582,700State: $562,100
- Median rent
- $2,886/moState: $1,762
- Homeowners
- 84.4%
- Bachelor's degree or higher
- 89%
- Average commute
- 27 min
Is Wellesley a good place to live?
Pros: Median household income 140% higher than the Massachusetts median; an average commute of 27 minutes; unemployment of 4.4%; a poverty rate of 4%.
Cons: Home values 182% higher than the state median.
The weather is best in June to September.
Cost of living in Wellesley
Housing is the biggest part of the cost of living. In Wellesley the median home value is $1,582,700, 376% higher than the U.S. median. Renters pay a median of $2,886 per month, which is 27.3% of household income. Homeowners with a mortgage pay $4,001 a month in housing costs.
Wellesley median household income
The median household income in Wellesley is $250,001 and the income per person is $111,798. 4% of residents live below the poverty line (Massachusetts: 10%).
Housing in Wellesley: homes for sale and rent
- Housing units
- 9,400
- Owner-occupied
- 84.4%
- Renter-occupied
- 15.6%
- Vacant
- 2.4%Includes seasonal homes
- Median year built
- 1955
- Average household size
- 2.76
Wellesley demographics
- Population
- 30,347
- Median age
- 37.1
- Under 18
- 24.1%
- 65 and older
- 15.5%
- Households
- 9,174
- Foreign-born
- 18.1%
- Veterans
- 2.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Wellesley ›
Education in Wellesley
89% of adults 25 and older in Wellesley have a bachelor's degree or higher (Massachusetts: 47.3%), and 56.7% have a graduate or professional degree.
Jobs and commute in Wellesley
- Unemployment rate
- 4.4%State: 5.2%
- Average commute
- 27 minState: 29 min
- Work from home
- 32%
- Drive alone
- 47.7%
- Public transit
- 5.1%
- Walk to work
- 10.1%
- Homes with broadband
- 97.4%
Wellesley vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Wellesley | 30,347 | $250,001 | $1,582,700 | $2,886 |
| Needham | 32,459 | $214,308 | $1,188,500 | $2,409 |
| Natick | 36,873 | $138,538 | $821,000 | $2,134 |
| Cochituate | 6,471 | $192,361 | $906,300 | $1,582 |
| Weston | 11,579 | $250,001 | $1,694,400 | $2,085 |
| Newton | 89,044 | $190,304 | $1,264,900 | $2,370 |
| Dover | 5,930 | $250,001 | $1,340,300 | $2,917 |
| Wayland | 13,914 | $224,000 | $978,400 | $1,475 |
| Waltham | 64,902 | $120,216 | $748,700 | $2,268 |
More for people moving to Wellesley
Wellesley ZIP code ›Weather and climate ›Living in Wellesley: FAQ
What is the median household income in Wellesley, MA?
The median household income in Wellesley is $250,001, 140% 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 Wellesley?
The median home value in Wellesley is $1,582,700, compared with $562,100 in Massachusetts.
How much is rent in Wellesley?
The median gross rent in Wellesley is $2,886 per month, about 27.3% of household income.
Is Wellesley, MA a good place to live?
Pluses: median household income 140% higher than the Massachusetts median; an average commute of 27 minutes; unemployment of 4.4%; a poverty rate of 4%. Minuses: home values 182% higher than the state median.
What is the median age in Wellesley?
The median age in Wellesley is 37.1 years (Massachusetts: 40).
How long is the commute in Wellesley?
The average commute to work in Wellesley is 27 minutes; 32% of workers work from home.
What is the unemployment rate in Wellesley?
The unemployment rate in Wellesley is 4.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Wellesley?
89% of adults in Wellesley 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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