Nantucket County, Massachusetts
Income Data
U.S. Census Bureau ACSAt a Glance
Economic Indicators
How Nantucket County Compares
Detailed Income Statistics
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
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Income Comparison Calculator
See how your household income compares in Nantucket County
Your income is above the Nantucket County median
County median: $119,750 per year
vs. County Median
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vs. State Average
+24%
vs. National Median
+60%
Income Adequacy
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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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.