Wellesley is a medium-sized town located in the state of Massachusetts. With a population of 29,479 people and six constituent neighborhoods, Wellesley is the 65th largest community in Massachusetts. Wellesley has an unusually large stock of pre-World War II architecture, making it one of the older and more historic towns.
Wellesley home prices are not only among the most expensive in Massachusetts, but Wellesley real estate also consistently ranks among the most expensive in America.
Wellesley is a decidedly white-collar town, with fully 97.75% of the workforce employed in white-collar jobs, well above the national average. Overall, Wellesley is a town of professionals, managers, and sales and office workers. There are especially a lot of people living in Wellesley who work in management occupations (20.14%), sales jobs (14.71%), and business and financial occupations (10.97%).
Also of interest is that Wellesley has more people living here who work in computers and math than 95% of the places in the US.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 11.05% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
In addition, Wellesley is a college town. There are a lot of students in Wellesley attending college, and as a result Wellesley provides a number of services, amenities and opportunities geared to the needs and activities of students.
Wellesley, while not large, also appears to be attractive to some younger, educated professionals, who help shape the character of the town.
Because of many things, Wellesley is a great place for families with children to consider. First of all, many other families with children live here, making Wellesley a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The town’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, Wellesley has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, Wellesley’s overall crime rate is lower than average for the country.
One downside of living in Wellesley, however, is that residents on average have to contend with a long commute, spending on average 30.62 minutes every day commuting to work. However, local public transit is widely used. For those who would prefer to avoid driving entirely and leave their car at home, it may be an option to use the transit instead.
Like elsewhere in America, most people in Wellesley use a private automobile to get to work. But notably, a substantial number of Wellesley‘s citizens do make use of public transit in their daily commute, primarily riding the train. This helps more people get to work with less air pollution, and require fewer highways to get them there.
If knowledge is power, Wellesley is a pretty powerful place. 82.69% of the adults in Wellesley 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 Wellesley in 2010 was $79,915, which is wealthy relative to Massachusetts and the nation. This equates to an annual income of $319,660 for a family of four.
Wellesley is a very ethnically-diverse town. The people who call Wellesley home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Wellesley residents report their race to be White, followed by Asian. Important ancestries of people in Wellesley include Irish, Italian, English, German, and Polish.
In addition, Wellesley has a lot of people living here who were born outside of the US (15.20%).
The most common language spoken in Wellesley is English. Other important languages spoken here include Chinese and Spanish.