Nantucket is a city in Massachusetts state in USA with a population of 8606 residents.. The poverty rate of Nantucket is 7.1%, which is 49% lower than national average. The typical household in Nantucket earns $107868 a year, compared to the national median of $67,500. Nearly 25.7% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Nantucket, only 94% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Nantucket remained 6.4%, which is 36% higher than national rate. Nearly 1 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Nantucket, only 45% of adults have a bachelor's degree and 30% have some college but no degree.

Cost of living in Nantucket is 198, which is 98% higher than national average. Median home value in Nantucket is $1017600 , which is 343% higher than national average. While median income in Nantucket remained $107868, which is 60% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.