Nantucket, MA
Population 10,837 · Massachusetts
About Nantucket, MA
Nantucket is a mid-sized city in Massachusetts with a population of 10,837 residents. The median household income is $109,988 per year, which is above the national average. The median age in Nantucket is 40.3 years.
Housing in Nantucket has a median home value of $1,359,200 and median monthly rent of $2,484. Of the 7,081 total housing units, the majority are owner-occupied, with 3,036 owner-occupied and 689 renter-occupied units.
The unemployment rate in Nantucket is 6.6% and the poverty rate is 2.6%. 57.0% of residents hold a bachelor's degree or higher. The average commute time is 15.3 minutes.
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.
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Frequently Asked Questions about Nantucket
What is the population of Nantucket, MA?
The population of Nantucket, MA is 10,837 according to the latest Census data.
What is the median household income in Nantucket?
The median household income in Nantucket, MA is $109,988 per year.
What is the median home value in Nantucket?
The median home value in Nantucket, MA is $1,359,200.
What is the average rent in Nantucket?
The median monthly rent in Nantucket, MA is $2,484.
What is the unemployment rate in Nantucket?
The unemployment rate in Nantucket, MA is 6.6%.