Nantucket is a somewhat small coastal town (i.e. on the ocean, a bay, or inlet) located in the state of Massachusetts. With a population of 11,399 people and five constituent neighborhoods, Nantucket is the 177th largest community in Massachusetts.
Nantucket home prices are not only among the most expensive in Massachusetts, but Nantucket real estate also consistently ranks among the most expensive in America.
Unlike some towns where white-collar or blue-collar occupations dominate the local economy, Nantucket is neither predominantly one nor the other. Instead, it has a mixed workforce of both white- and blue-collar jobs. Overall, Nantucket is a town of sales and office workers, professionals, and service providers. There are especially a lot of people living in Nantucket who work in management occupations (13.24%), sales jobs (12.39%), and office and administrative support (11.22%).
Another notable thing is that Nantucket is an extremely popular destination for tourists and seasonal residents. So much of the population is seasonal such that the town’s population swells significantly during the vacation season, and drops again when the season ends. Because of this, much of the local economy is centered around tourism; some businesses may be operated only during the high season. During the low season, year-round residents will notice that the city is a substantially quieter place to live.
Nantucket is a good choice for families with children because of several factors. Many other families with children live here, making it a place where both parents and children are more likely to develop social ties with other families. The town’s good public school district and large population of college-educated adults provide an environment conducive to academic success. Many people own their own single-family homes, providing areas for children to play and stability in the community. Finally, Nantucket’s overall crime rate is lower than average for the country.
Nantucket is also nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Such areas are often places that visitors and locals go for waterfront activities or taking in the scenery.
Residents of the town have the good fortune of having one of the shortest daily commutes compared to the rest of the country. On average, they spend only 12.83 minutes getting to work every day.
If knowledge is power, Nantucket is a pretty powerful place. 52.83% of the adults in Nantucket have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.
The per capita income in Nantucket in 2018 was $55,398, which is upper middle income relative to Massachusetts, and wealthy relative to the rest of the US. This equates to an annual income of $221,592 for a family of four. However, Nantucket contains both very wealthy and poor people as well.
Nantucket is a somewhat ethnically-diverse town. The people who call Nantucket home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Nantucket residents report their race to be White, followed by Black or African-American. Important ancestries of people in Nantucket include English, Irish, Italian, German, and Polish.
The most common language spoken in Nantucket is English. Other important languages spoken here include Spanish and Slavic languages.