Living in Winchester, Massachusetts
Cost of living, income, home prices, rent and demographics of Winchester · Census data 2020–2024
Winchester has 23,406 residents with a median age of 42.5. The median household income is $230,198 (121% higher than the Massachusetts median), the median home value is $1,215,200, the median rent is $2,279/month.
Winchester at a glance
- Population
- 23,406
- Median age
- 42.5State: 40
- Median household income
- $230,198State: $103,960
- Median home value
- $1,215,200State: $562,100
- Median rent
- $2,279/moState: $1,762
- Homeowners
- 81.7%
- Bachelor's degree or higher
- 79.5%
- Average commute
- 31 min
Is Winchester a good place to live?
Pros: Median household income 121% higher than the Massachusetts median; unemployment of 3.8%; a poverty rate of 4.7%.
Cons: Home values 116% higher than the state median; an average commute of 31 minutes.
The weather is best in June to September.
Cost of living in Winchester
Housing is the biggest part of the cost of living. In Winchester the median home value is $1,215,200, 265% higher than the U.S. median. Renters pay a median of $2,279 per month, which is 25.9% of household income. Homeowners with a mortgage pay $4,001 a month in housing costs.
Winchester median household income
The median household income in Winchester is $230,198 and the income per person is $109,898. 4.7% of residents live below the poverty line (Massachusetts: 10%).
Housing in Winchester: homes for sale and rent
- Housing units
- 8,521
- Owner-occupied
- 81.7%
- Renter-occupied
- 18.3%
- Vacant
- 2.1%Includes seasonal homes
- Median year built
- 1954
- Average household size
- 2.77
Winchester demographics
- Population
- 23,406
- Median age
- 42.5
- Under 18
- 27.6%
- 65 and older
- 18%
- Households
- 8,340
- Foreign-born
- 20.1%
- Veterans
- 3.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Winchester ›
Education in Winchester
79.5% of adults 25 and older in Winchester have a bachelor's degree or higher (Massachusetts: 47.3%), and 50.8% have a graduate or professional degree.
Jobs and commute in Winchester
- Unemployment rate
- 3.8%State: 5.2%
- Average commute
- 31 minState: 29 min
- Work from home
- 33.8%
- Drive alone
- 51.6%
- Public transit
- 6.2%
- Walk to work
- 2.6%
- Homes with broadband
- 96.2%
Winchester vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Winchester | 23,406 | $230,198 | $1,215,200 | $2,279 |
| Woburn | 41,939 | $111,185 | $673,500 | $2,221 |
| Arlington | 46,350 | $150,701 | $933,800 | $2,082 |
| Medford | 59,354 | $129,540 | $755,500 | $2,509 |
| Stoneham | 23,355 | $113,964 | $671,900 | $2,035 |
| Melrose | 29,650 | $133,953 | $822,900 | $1,970 |
| Lexington | 34,295 | $238,444 | $1,203,100 | $2,891 |
| Belmont | 27,175 | $183,137 | $1,159,000 | $2,527 |
| Burlington | 26,274 | $146,436 | $740,600 | $2,718 |
More for people moving to Winchester
Winchester ZIP code ›Weather and climate ›Living in Winchester: FAQ
What is the median household income in Winchester, MA?
The median household income in Winchester is $230,198, 121% 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 Winchester?
The median home value in Winchester is $1,215,200, compared with $562,100 in Massachusetts.
How much is rent in Winchester?
The median gross rent in Winchester is $2,279 per month, about 25.9% of household income.
Is Winchester, MA a good place to live?
Pluses: median household income 121% higher than the Massachusetts median; unemployment of 3.8%; a poverty rate of 4.7%. Minuses: home values 116% higher than the state median; an average commute of 31 minutes.
What is the median age in Winchester?
The median age in Winchester is 42.5 years (Massachusetts: 40).
How long is the commute in Winchester?
The average commute to work in Winchester is 31 minutes; 33.8% of workers work from home.
What is the unemployment rate in Winchester?
The unemployment rate in Winchester is 3.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Winchester?
79.5% of adults in Winchester 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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