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 11,008 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, construction workers and builders, and service providers. There are especially a lot of people living in Nantucket who work in sales jobs (13.80%), office and administrative support (12.77%), and management occupations (10.27%).
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.
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 12.50 minutes getting to work every day.
Nantucket is one of the most well-educated cities in the nation. 42.02% of adults in Nantucket have at least a bachelor's degree. Compare that to the average community in America, which has just 21.84% with a bachelor's degree or higher.
The per capita income in Nantucket in 2010 was $46,009, which is upper middle income relative to Massachusetts, and wealthy relative to the rest of the US. This equates to an annual income of $184,036 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 11.86% of the town’s residents. 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 (17.64%).
The most common language spoken in Nantucket is English. Other important languages spoken here include Spanish and French.