1st Advantage MortgageIn Nantucket County, Massachusetts, the typical household earns $139,688 a year and the typical rent is $2,213. A loan makes sense only if its total cost beats your alternatives and the payment fits your budget. Check the lender's Massachusetts license first.
On this page
- A quick profile of Nantucket County
- Income in Nantucket County compared with Massachusetts
- Employment and commuting in Nantucket County
- Housing costs in Nantucket County
- Nantucket County towns compared
- How Nantucket County compares with nearby counties
- What a median Nantucket County budget can carry
- Before borrowing in Nantucket County
- Nantucket County households compared
- Four steps for Nantucket County borrowers
- Who licenses lenders for Nantucket County residents
- More guides for Nantucket County
- Frequently asked questions
A quick profile of Nantucket County
With an estimated 14,483 residents (ACS 2020 to 2024), Nantucket County ranks 14th of 14 in Massachusetts for population. Packed into 46 square miles, that is close to 314 residents for every square mile of land. No metropolitan area includes Nantucket County in the 2023 federal delineation, so its numbers stand on their own rather than as part of a metro. Nantucket is the biggest of its 3 Census places, at roughly 10,017 people (69% of the county total).
Income in Nantucket County compared with Massachusetts
At $139,688, the typical Nantucket County household income is 113% above the median U.S. county ($65,681).
| Yearly household income | Nantucket County | Gap to Massachusetts |
|---|---|---|
| Under $35,000 | 6.2% | -12.0 pts |
| $35,000 to $99,999 | 30.6% | +0.4 pts |
| $100,000 to $199,999 | 26.1% | -3.3 pts |
| $200,000 or more | 37.1% | +14.9 pts |
About 6% of households earn under $35,000, while 63% clear $100,000. 3.2% of residents fall below the federal poverty line (statewide: 10.0%). A household earning below the $139,688 median should test any payment carefully; one earning above it should still pick the shortest term it can manage.
Employment and commuting in Nantucket County
Education and health care employs 27% of working residents, the largest share; professional and administrative services is next with 18%. Construction stands out: 18% of workers here, versus 6% statewide. ACS puts five-year average unemployment at 4.3% in Nantucket County. Long commutes are the exception here: 3% of workers spend 45 minutes or longer getting to work.
| Sector | Nantucket County | Compared with Massachusetts |
|---|---|---|
| Education and health care | 27.2% | -1.0 pts |
| Professional and administrative services | 18.0% | +2.3 pts |
| Construction | 17.7% | +11.5 pts |
| Retail trade | 8.7% | -0.9 pts |
| Arts, lodging and food service | 6.2% | -1.3 pts |
| Transportation, warehousing and utilities | 5.5% | +1.3 pts |
Shorter commutes usually mean lower vehicle costs, which can leave more room for a payment, or for paying a loan off early.
Housing costs in Nantucket County
Median gross rent, utilities included, comes to $2,213 in Nantucket County versus $1,762 statewide. By the Census definition, 55% of Nantucket County renters are cost-burdened. The median owner-occupied home is valued at $1,593,800, about 11.4 times the median household income. The ownership rate is 72%.
| Nantucket County | Massachusetts | U.S. county median | |
|---|---|---|---|
| Median gross rent | $2,213/mo | $1,762/mo | $877/mo |
| Median home value | $1,593,800 | $562,100 | $185,300 |
| Owners | 72% | 63% | 75% |
| Rent-burdened renters | 55% | 52% | 45% |
| Burdened owners | 47% | 30% | n/a |
High rent burdens leave little slack. If you are borrowing to consolidate, make sure the new payment is lower than the ones it replaces.
Nantucket County towns compared
Here are the 3 most populous of the county's 3 Census places, with income and rent from the same 2020 to 2024 survey. About 73% of Nantucket County residents live in one of the 3. Live in one of these Nantucket County communities, or between them? This is your local guide.
| Town or CDP | Type | People | Median household income | Median gross rent | Miles from center |
|---|---|---|---|---|---|
| Nantucket | CDP | 10,017 | $148,017 | $2,228 | 2 mi |
| Madaket | CDP | 377 | $112,500 | n/a | 4 mi |
| Siasconset | CDP | 204 | n/a | n/a | 7 mi |
A CDP is a named community without its own municipal government.
How Nantucket County compares with nearby counties
Six nearby counties, 29 to 68 miles away by the straight-line distance between their centers. Dukes County leads the group on income ($125,786), Bristol County trails ($85,625), and Nantucket County out-earns 6 of the six. The list crosses into Rhode Island, where different lending rules and regulators apply.
| Adjacent area | How far | HH income (median) | Rent (median) | Owner share |
|---|---|---|---|---|
| Nantucket County | - | $139,688 | $2,213/mo | 72% |
| Barnstable County, MA | 29 mi | $95,241 | $1,678/mo | 81% |
| Dukes County, MA | 32 mi | $125,786 | $1,277/mo | 82% |
| Plymouth County, MA | 58 mi | $114,201 | $1,747/mo | 78% |
| Bristol County, MA | 60 mi | $85,625 | $1,245/mo | 62% |
| Newport County, RI | 63 mi | $103,514 | $1,713/mo | 68% |
| Bristol County, RI | 68 mi | $114,490 | $1,528/mo | 72% |
What a median Nantucket County budget can carry
Nantucket County at the medians, through a lender's eyes (what DTI means):
- Monthly gross at the median, Nantucket County: $11,641
- Median rent: $2,213, or 19 cents of every gross dollar
- 35% debt-to-income limit: $1,861 left for all other debt payments
- Under a 45% cap, $5,238 total minus rent leaves $3,025
Lenders set their own limits and look beyond the ratio. The DTI calculator uses your figures instead of Nantucket County's.
Before borrowing in Nantucket County
The county's numbers point to a few situations that come up often for Nantucket County borrowers.
- Six-figure budgets. For the 63% earning $100,000 or more, lifestyle creep, not approval, is the usual problem.
- Tight rental budgets. With 55% of Nantucket County renters cost-burdened, test a new payment against a lean month.
- Check your file. An error fixed before you apply can change the offers a Nantucket County borrower sees (free reports).
Nantucket County households compared
Degree holders: 56% of adults over 25. About 8% go without health insurance.
| Measure | Nantucket County | Massachusetts statewide | Typical U.S. county |
|---|---|---|---|
| Median age | 42.4 | 40.0 | 41.5 |
| Bachelor's or higher | 56.3% | 47.3% | 22.2% |
| No high school diploma | 6.8% | 8.6% | n/a |
| No health insurance | 7.8% | 2.6% | 7.8% |
| No vehicle | 3.5% | 11.7% | 5.4% |
| Work from home | 13.0% | 18.6% | 8.7% |
| Poverty rate | 3.2% | 10.0% | 13.2% |
| Unemployment (ACS) | 4.3% | 5.2% | 4.4% |
| Minutes to work | Nantucket County workers |
|---|---|
| Under 15 min | 56.6% |
| 15 to 29 min | 28.1% |
| 30 to 44 min | 12.0% |
| 45 to 59 min | 1.4% |
| 60+ min | 1.9% |
Four steps for Nantucket County borrowers
Four checks before you sign anything:
- Price the Nantucket County expense first and borrow that amount, no more.
- Compare the total repaid on every offer, not just the payment.
- A Massachusetts license check takes minutes; do it first.
- Pick the shortest term whose payment still fits.
Who licenses lenders for Nantucket County residents
Consumer lenders serving Nantucket County are licensed by the state, not the county; in Massachusetts that is the Massachusetts Division of Banks. Banks and credit unions have their own regulators, and the CFPB takes complaints about any lender. More on Massachusetts: Massachusetts personal loans.
More guides for Nantucket County
The Massachusetts guide covers the whole state.
Frequently asked questions
How much do households in Nantucket County earn?
The median is $139,688; 63% earn $100,000 or more and 6% under $35,000. A lender uses your own documented income, not this figure.
What do renters pay in Nantucket County?
$2,213 a month at the median, about 19% of median household income.
Which towns does the Nantucket County guide cover?
Every community in the county, unincorporated areas included. The largest of its 3 Census places: Nantucket, Madaket, Siasconset.
Will a Nantucket County address affect my match?
Beyond confirming Massachusetts as your state, no. Your answers about amount, credit, income and payments are all that count.
Who do I complain to about a lender in Nantucket County?
Start with the Massachusetts Division of Banks, then the CFPB complaint portal. Keep copies of every message.