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 14,491 people and six constituent neighborhoods, Nantucket is the 145th 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.
Also of interest is that Nantucket has more people living here who work in computers and math than 95% of the places in the US.
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 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 15.20 minutes getting to work every day.
Do you have a 4-year college degree or graduate degree? If so, you may feel right at home in Nantucket. 50.70% of adults here have a 4-year degree or graduate degree, whereas the national average for all cities and towns is just 21.84%.
The per capita income in Nantucket in 2018 was $52,324, which is upper middle income relative to Massachusetts, and wealthy relative to the rest of the US. This equates to an annual income of $209,296 for a family of four. However, Nantucket contains both very wealthy and poor people as well.
Nantucket is a very 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. Nantucket also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 14.68% of the town’s residents. Important ancestries of people in Nantucket include Irish, English, Italian, German, and Scottish.
The most common language spoken in Nantucket is English. Other important languages spoken here include Spanish and Slavic languages.