Wellesley is a medium-sized town located in the state of Massachusetts. With a population of 29,000 people and six constituent neighborhoods, Wellesley is the 65th largest community in Massachusetts. Much of the housing stock in Wellesley was built prior to World War II, making it one of the older and more historic towns in the country.
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 97.28% 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 (17.40%), sales jobs (12.72%), and business and financial occupations (10.87%).
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: 8.90% 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.
Wellesley is also a college town, where lots of students live while attending area colleges. Because of the high percentage of people living in Wellesley enrolled in college, Wellesley has a number of services, amenities and opportunities geared towards the needs and activities of students.
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.
Although the majority of commuting trips in the town are by private automobile, Wellesley is somewhat unusual for a town of its size for having a substantial number of people who use public transportation. For a lot of people, the train helps to get to and from their jobs every morning, which benefits everyone in the Wellesley area by reducing both traffic and air pollution.
If knowledge is power, Wellesley is a pretty powerful place. 83.40% 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 $73,816, which is wealthy relative to Massachusetts and the nation. This equates to an annual income of $295,264 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 English, Italian, German, and Polish.
The most common language spoken in Wellesley is English. Other important languages spoken here include Chinese and Spanish.