Winchester, MA
Population 22,862 · Massachusetts
About Winchester, MA
Winchester is a mid-sized city located in Massachusetts with a population of 22,862 residents according to the latest US Census Bureau American Community Survey data. The median household income is $218,176 per year, which is 190% above the national median of $75,149. The median age of 43 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Winchester features a median home value of $1,181,700, which is 383% above the national median of $244,900. This places Winchester in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,271, 95% above the national average of $1,163/month. Of the 8,283 total housing units, 83% are owner-occupied (6,714 units) and 17% are renter-occupied (1,340 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Winchester shows an unemployment rate of 3.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 3.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Winchester have an average one-way commute time of 30.8 minutes.
Education & Demographics
78.4% of Winchester 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 0.4% White, 0.5% Hispanic or Latino, 0.2% Black or African American, and 2.5% Asian residents, with 20.2% of the population being foreign-born.
How Winchester Ranks in Massachusetts
Cost of Living in Winchester, MA
Compared to national averages, Winchester has a median household income of $218,176 (190% above the national median of $75,149). Home values average $1,181,700, which is 383% above the national median. Monthly rent at $2,271 is 95% above the US average of $1,163. Within Massachusetts, Winchester's income is 107% above the state average of $105,630, and home values are 111% above the state median of $561,296.
Why Live in Winchester, MA?
Winchester offers a strong local economy with a median household income of $218,176, well above the national average, and a strong job market with an unemployment rate of just 3.0%, and a well-educated community where 78.4% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 3.9%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $1,181,700. However, Winchester’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Winchester has a population of 22,862 with a median age of 43 years. Compare Winchester with other cities to see how it stacks up, or explore all cities in Massachusetts.
Similar Cities Near Winchester
Cities in Massachusetts with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Stoneham | 22,986 | $112,635 | $629,000 | Compare |
| Wilmington | 23,195 | $161,473 | $646,200 | Compare |
| Gardner | 21,075 | $62,948 | $271,300 | Compare |
| Dedham | 25,109 | $124,375 | $630,400 | Compare |
| Marblehead | 20,334 | $165,859 | $906,200 | Compare |
| Reading | 25,448 | $163,725 | $741,100 | Compare |
| Burlington | 26,223 | $142,207 | $679,400 | Compare |
| Winthrop Town | 18,807 | $106,357 | $606,900 | 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 Winchester With Other Cities
Frequently Asked Questions about Winchester
What is the population of Winchester, MA?
The population of Winchester, MA is 22,862 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 Winchester?
The median household income in Winchester, MA is $218,176 per year, which is 190% above the national median of $75,149.
What is the median home value in Winchester?
The median home value in Winchester, MA is $1,181,700, which is 383% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Winchester?
The median monthly rent in Winchester, MA is $2,271, which is 95% above the national average of $1,163/month.
What is the unemployment rate in Winchester?
The unemployment rate in Winchester, MA is 3.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Winchester, MA a good place to live?
Winchester offers above-average incomes, a competitive housing market, and a strong job market. With a population of 22,862 and a median age of 43, the city appeals to a broad range of residents.
How educated is Winchester, MA?
78.4% of residents in Winchester 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 Winchester?
Key cost-of-living indicators for Winchester, MA: median home value is $1,181,700 (383% above national), median rent is $2,271/month, and median household income is $218,176. The home-value-to-income ratio is 5.4x, a moderate figure by national standards.
What is the poverty rate in Winchester?
The poverty rate in Winchester, MA is 3.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Winchester, MA?
Winchester's population is 0.4% White, 0.5% Hispanic or Latino, 0.2% Black or African American, 2.5% Asian, and 3.0% two or more races. 20.2% of residents are foreign-born.