Nantucket County, Massachusetts
Income Data
At a Glance
How Nantucket County Compares
Detailed Income Statistics
Data Story
About Household Income in Nantucket County, Massachusetts
Nantucket incomes surge 60% nationwide
Nantucket County's median household income of $119,750 runs 60% above the U.S. median of $74,755. This island economy thrives on tourism, hospitality, and seasonal wealth from mainland visitors and second-home owners.
Third-highest county income in state
Nantucket ranks third among Massachusetts counties at $119,750, trailing Middlesex and Norfolk but comfortably above the state average of $96,546. The county's compact, high-value real estate market supports elevated household earnings.
Premium pricing for island life
Nantucket's median income of $119,750 lags Middlesex ($126,779) and Norfolk ($126,497) but exceeds Plymouth ($109,698) by 9%. The island's isolation drives both higher wages and dramatically higher living costs.
Housing remains steeply expensive
Despite $119,750 median household income, a rent-to-income ratio of 20.7% is manageable—but median home values hit $1,387,000, the state's highest. Most Nantucket residents cannot afford to purchase without substantial inherited wealth or outside income sources.
Navigate island real estate strategically
Nantucket's extreme property values demand sophisticated financial planning; households earning $119,750 should consult estate planners and investment advisors before committing to home purchase. Explore alternative wealth-building through diversified investments if buying locally proves prohibitive.
Frequently Asked Questions
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Income Comparison Calculator
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County median: $119,750 per year
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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.