Nantucket County, Massachusetts

+24% vs. Massachusetts average
$119,750
Median Household Income
$72,733
Per Capita Income

At a Glance

Median Household Income
$119,750
+24% vs. state avg
Per Capita Income
$72,733
+84% vs. national
Income-to-Housing Ratio
8.6%
income as % of home value
Rank in Massachusetts
#3 / 14
by median household income

Economic Indicators

Unemployment Rate
N/A
Labor Force Participation
N/A

How Nantucket County Compares

Nantucket County$119,750
Massachusetts Average$96,546
National Median$74,755

Detailed Income Statistics

$119,750
Median Household Income
$72,733
Per Capita Income
$1,387,000
Median Home Value
8.6%
Income-to-Housing Ratio

Income Advisory: Nantucket County

Income Verdict

Nantucket County has a median household income of $119,750 and per capita income of $72,733 — a gap of $47,017, suggesting a higher share of single-earner or non-family households.

Housing Affordability

With median gross rent at $2,070/month and a median household income of $119,750, rent consumes approximately 20.7% of monthly income — well within affordable thresholds.

Economic Context

The median household income of $119,750 places Nantucket County in a high-earning tier, supporting strong purchasing power and above-average consumer spending. Per capita income of $72,733 reflects a relatively affluent population with substantial individual earning capacity.

Neighbor Context

Nantucket County earns approximately 24% above the Massachusetts state median household income of $96,546, positioning it favorably within the state.

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

What is the median household income in Nantucket County, Massachusetts?
The median household income in Nantucket County, Massachusetts is $119,750, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. This represents the midpoint of all household incomes in the county.
How much do people earn in Nantucket County?
The per capita income in Nantucket County is $72,733, which represents the average income per person across the entire county population. The median household income — which accounts for all earners in a household — is $119,750.
How does Nantucket County compare to the Massachusetts average?
Nantucket County's median household income of $119,750 is higher than the Massachusetts state average of $96,546. The per capita income is $72,733, compared to the state average of $55,038.
What is the per capita income in Nantucket County, Massachusetts?
The per capita income in Nantucket County, Massachusetts is $72,733, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. Per capita income is calculated by dividing total personal income by total population, providing an average income figure per resident.
Why is Nantucket County income higher than the Massachusetts average?
Nantucket County's median household income of $119,750 is higher than the Massachusetts average of $96,546. This difference of $23,204 can be attributed to factors such as local industry mix, proximity to major employment centers, educational attainment levels, and cost of living. Counties with higher incomes often have a greater concentration of professional and technical occupations.
How does Nantucket County rank for income in Massachusetts?
Nantucket County ranks #3 out of 14 counties in Massachusetts by median household income (1 = highest). With a median household income of $119,750 and per capita income of $72,733, it falls in the top third of counties statewide.

Income Comparison Calculator

See how your household income compares in Nantucket County

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Your income is above the Nantucket County median

County median: $119,750 per year

vs. County Median

+0%

vs. State Average

+24%

vs. National Median

+60%

vs. Nantucket County MedianAbout equal
vs. Massachusetts Average24% above
vs. National Median60% above

Income Adequacy

Monthly income covers median rent4.8x

Your monthly income ($9,979) vs. median rent ($2,070/mo). A ratio of 3.3x or higher means rent is under 30% of income.

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By Logan Johnson, Founder & Data EditorUpdated Reviewed by Logan Johnson, Founder & Data Editor

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.