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

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Waltham, Massachusetts

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

Waltham ( WAWL-tham) is a city in Middlesex County, Massachusetts, United States, and was an early center for the labor movement as well as a major contributor to the American Industrial Revolution. The original home of the Boston Manufacturing Company, the city was a prototype for 19th century industrial city planning, spawning what became known as the Waltham-Lowell system of labor and production. The city is now a center for research and higher education as home to Brandeis University and Bentley University. The population was 65,218 at the 2020 United States census. Waltham is part of the Greater Boston area and lies 9 miles (14 km) west of Downtown...

DEMOGRAPHICS

Population
62597
Unemployment
2.6%
45% NAT AVG.
Poverty
9.2%
34% NAT AVG.
Cost Of Living
150
50% NAT AVG.

ECONOMICS

Median Home Cost
$574000
150% NAT AVG.
Median Income
$95851
42% NAT AVG.
Median Rent
$1774
53% NAT AVG.
Overall Score
9.5

CRIME REPORT

Total Crime
470
68% NAT. AVG.
45% STATE AVG.
Violent Crime
85
65% NAT. AVG.
56% STATE AVG.
Property Crime
385
68% NAT. AVG.
41% STATE AVG.

SOCIO-ECONOMICS

People Living Below BPL
1 in 11
Unemployed People
1 in 38
People Earning < $10,000
1 in 29
People Earning < $50,000
26.8%
People With Any Degree
1 in 1.7

ETHNICITY

Ethnicity Waltham USA
White 64.5% 60.1%
African American 7% 12.2%
American Indian 0.1% 0.6%
Asian 11.8% 5.6%
Hawaiian 0% 0.2%
Multiracial 2.2% 2.8%
Hispanic 14.3% 18.2%
Other 0.1% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Waltham USA
Less than $10,000 3.5% 5.8%
$10,000 to $14,999 3% 4.1%
$15,000 to $24,999 5.6% 8.5%
$25,000 to $34,999 5.8% 8.6%
$35,000 to $49,999 8.9% 12.0%
$50,000 to $74,999 13.5% 17.2%
$75,000 to $99,999 11.9% 12.8%
$100,000 to $149,999 21.5% 15.6%
$150,000 to $199,999 11.7% 7.1%

EDUCATION

Education Waltham USA
< 9th Grade 5% 5.0%
9-12th Grade 4% 7.0%
High School or GED 20% 27.0%
Other College 12% 20.0%
Associate's Degree 7% 9%
Bachelor's Degree 28% 20.0%
Master's Degree 19% 9.0%
Professional Degree 2% 2.0%
Doctorate Degree 3% 1.0%
Waltham is a city in Massachusetts state in USA with a population of 62597 residents.. The poverty rate of Waltham is 9.2%, which is 34% lower than national average. The typical household in Waltham earns $95851 a year, compared to the national median of $67,500. Nearly 26.8% of households earn less than $50,000 a year compared to 39% national rate. The unemployment rate of Waltham remained 2.6%, which is 45% lower than national rate.

Cost of living in Waltham is 150, which is 50% higher than national average. In Waltham, only 52% of adults have a bachelor's degree and 19% have some college but no degree. Median home value in Waltham is $574000 , which is 150% higher than national average. While median income in Waltham remained $95851, which is 42% 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.
Waltham Scorecard

Jobs90%

Housing95%

Affordability40%

Safety85%

Amenities95%

Diversity90%

Education85%

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