Nantucket, MA
Population 10,837 · Massachusetts
About Nantucket, MA
Nantucket is a mid-sized city located in Massachusetts with a population of 10,837 residents according to the latest US Census Bureau American Community Survey data. The median household income is $109,988 per year, which is 46% above the national median of $75,149. The median age of 40.3 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Nantucket features a median home value of $1,359,200, which is 455% above the national median of $244,900. This places Nantucket in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,484, 114% above the national average of $1,163/month. Of the 7,081 total housing units, 82% are owner-occupied (3,036 units) and 18% are renter-occupied (689 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Nantucket shows an unemployment rate of 6.6%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 2.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Nantucket have an average one-way commute time of 15.3 minutes, one of the shorter commutes in the region.
Education & Demographics
57.0% of Nantucket residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.8% White, 0.0% Hispanic or Latino, 0.4% Black or African American, and 12.0% Asian residents, with 14.9% of the population being foreign-born.
Cost of Living in Nantucket, MA
Compared to national averages, Nantucket has a median household income of $109,988 (46% above the national median of $75,149). Home values average $1,359,200, which is 455% above the national median. Monthly rent at $2,484 is 114% above the US average of $1,163. Within Massachusetts, Nantucket's income is 4% above the state average of $105,630, and home values are 142% above the state median of $561,296.
Why Live in Nantucket, MA?
Nantucket offers a strong local economy with a median household income of $109,988, well above the national average, and a well-educated community where 57.0% of residents hold a bachelor’s degree or higher, and a low poverty rate of 2.6%, better than the national average. Additionally, the city features short commute times averaging just 15.3 minutes.
Potential considerations include a competitive housing market where the typical home costs $1,359,200. However, Nantucket’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Nantucket has a population of 10,837 with a median age of 40.3 years. Compare Nantucket with other cities to see how it stacks up, or explore all cities in Massachusetts.
Similar Cities Near Nantucket
Cities in Massachusetts with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Maynard | 10,663 | $119,549 | $494,200 | Compare |
| Holbrook | 11,320 | $107,768 | $436,500 | Compare |
| Hull | 10,098 | $127,112 | $606,100 | Compare |
| South Yarmouth | 11,642 | $79,638 | $465,100 | Compare |
| Webster | 12,300 | $60,384 | $303,900 | Compare |
| Palmer Town | 12,372 | $78,789 | $255,000 | Compare |
| Andover | 9,261 | $127,054 | $719,900 | Compare |
| North Adams | 12,660 | $48,521 | $185,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Massachusetts
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Nantucket With Other Cities
Frequently Asked Questions about Nantucket
What is the population of Nantucket, MA?
The population of Nantucket, MA is 10,837 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Massachusetts.
What is the median household income in Nantucket?
The median household income in Nantucket, MA is $109,988 per year, which is 46% above the national median of $75,149.
What is the median home value in Nantucket?
The median home value in Nantucket, MA is $1,359,200, which is 455% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Nantucket?
The median monthly rent in Nantucket, MA is $2,484, which is 114% above the national average of $1,163/month.
What is the unemployment rate in Nantucket?
The unemployment rate in Nantucket, MA is 6.6%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Nantucket, MA a good place to live?
Nantucket offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 10,837 and a median age of 40.3, the city appeals to a broad range of residents.
How educated is Nantucket, MA?
57.0% of residents in Nantucket aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Nantucket?
Key cost-of-living indicators for Nantucket, MA: median home value is $1,359,200 (455% above national), median rent is $2,484/month, and median household income is $109,988. The home-value-to-income ratio is 12.4x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Nantucket?
The poverty rate in Nantucket, MA is 2.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Nantucket, MA?
Nantucket's population is 0.8% White, 0.0% Hispanic or Latino, 0.4% Black or African American, 12.0% Asian, and 6.8% two or more races. 14.9% of residents are foreign-born.