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 10,925 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, service providers, and construction workers and builders. There are especially a lot of people living in Nantucket who work in office and administrative support (13.20%), sales jobs (10.50%), and management occupations (9.60%).
Of important note, Nantucket is also a town of artists. Nantucket has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Nantucket’s character.
Another notable thing is that Nantucket is a major vacation destination. Much of the town’s population is seasonal: many people own second homes and only live there part-time, during the vacation season. The effect on the local economy is that many of the businesses are dependent on tourist dollars, and may operate only during the high season. As the vacation season ends, Nantucket’s population drops significantly, such that year-round residents will notice that the city is a much quieter place to live.
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. Quite often, nautical areas such as these attract visitors and locals who come to enjoy the scenery and various waterfront activities.
One of the benefits of Nantucket is that there is very little traffic. The average commute to work is 13.07 minutes, which is substantially less than the national average. Not only does this mean that the drive to work is less aggravating, but noise and pollution levels are lower as a result.
The education level of Nantucket ranks among the highest in the nation. Of the 25-and-older adult population in Nantucket, 45.71% have at least a bachelor's degree. The typical US community has just 21.84% of its adults holding a bachelor's degree or graduate degree.
The per capita income in Nantucket in 2010 was $47,548, which is wealthy relative to Massachusetts and the nation. This equates to an annual income of $190,192 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 Irish, German, Italian, and Portuguese.
In addition, Nantucket has a lot of people living here who were born outside of the US (15.83%).
The most common language spoken in Nantucket is English. Other important languages spoken here include Spanish and Other Indo-European.