Pros and Cons of Living In Nantucket, Massachusetts. Is Nantucket, MA a Nice Place To Live or Retire?

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Nantucket, Massachusetts

Moving to Nantucket In Massachusetts ? Is Nantucket, MA a Nice Place To Live? Pros and Cons of Living in Nantucket, Massachusetts. Find out the best and worst about to live, raise a family or retire in Nantucket.

DEMOGRAPHICS

Population
8606
Unemployment
6.4%
36% NAT AVG.
Poverty
7.1%
49% NAT AVG.
Cost Of Living
198
98% NAT AVG.

ECONOMICS

Median Home Cost
$1017600
343% NAT AVG.
Median Income
$107868
60% NAT AVG.
Median Rent
$1792
54% NAT AVG.
Overall Score
8

CRIME REPORT

Total Crime
228
15% NAT. AVG.
46% STATE AVG.
Violent Crime
18
60% NAT. AVG.
49% STATE AVG.
Property Crime
210
7% NAT. AVG.
74% STATE AVG.

SOCIO-ECONOMICS

People Living Below BPL
1 in 14
Unemployed People
1 in 16
People Earning < $10,000
1 in 59
People Earning < $50,000
25.7%
People With Any Degree
1 in 1.9

ETHNICITY

Ethnicity Nantucket USA
White 68.5% 60.1%
African American 8.6% 12.2%
American Indian 1.3% 0.6%
Asian 0.6% 5.6%
Hawaiian 0.1% 0.2%
Multiracial 3.3% 2.8%
Hispanic 17.2% 18.2%
Other 0.5% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Nantucket USA
Less than $10,000 1.7% 5.8%
$10,000 to $14,999 1.8% 4.1%
$15,000 to $24,999 4.8% 8.5%
$25,000 to $34,999 7.1% 8.6%
$35,000 to $49,999 10.3% 12.0%
$50,000 to $74,999 12.6% 17.2%
$75,000 to $99,999 10.3% 12.8%
$100,000 to $149,999 15.8% 15.6%
$150,000 to $199,999 14.2% 7.1%

EDUCATION

Education Nantucket USA
< 9th Grade 4% 5.0%
9-12th Grade 2% 7.0%
High School or GED 19% 27.0%
Other College 21% 20.0%
Associate's Degree 9% 9%
Bachelor's Degree 28% 20.0%
Master's Degree 13% 9.0%
Professional Degree 2% 2.0%
Doctorate Degree 2% 1.0%
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. 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.

Cost of living in Nantucket is 198, which is 98% higher than national average. In Nantucket, only 45% of adults have a bachelor's degree and 30% have some college but no degree. 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.
Nantucket Scorecard

Jobs80%

Housing100%

Affordability50%

Safety70%

Amenities80%

Diversity85%

Education85%

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