Nantucket County, Massachusetts Income Statistics
Nantucket County Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
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A
Nantucket County Above averageWealthiest county in Massachusetts
Source: Map AI Methodology
Income Statistics Overview
| Metric | Nantucket County | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Household Income | $142,551 | $104,336 | $80,455 |
| Median Personal Income | $83,302 | $80,230 | $60,758 |
| Average Yearly Income Growth | 6.2% | 4.9% | 4.8% |
| Six-Figure Earners | 26.1% | 20.6% | 13.9% |
| $200k+ Households | 37.1% | 22.3% | 13.2% |
The median household income in Nantucket County is about 37% higher than in Massachusetts. Income has been growing faster in Nantucket County (6.2%/yr) than in Massachusetts (4.9%/yr).
About 26% of adults in Nantucket County earn six figures ($100,000 or more) a year, higher than the Massachusetts average of 21%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Nantucket County, Massachusetts grew by 75.5% from 2009 to 2024, reaching $142,551 in 2024. That's an average of about 6.2% per year.
Income Inequality and the Gender Pay Gap in Nantucket County
| Metric | Nantucket County | Massachusetts Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.474 | 0.531 | 0.552 |
| Male Median Income | $95,331 | $90,842 | $69,667 |
| Female Median Income | $76,347 | $75,629 | $56,850 |
| Gender Pay Gap | 19.9% | 16.7% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Nantucket County, it is 0.474, lower than Massachusetts's 0.531, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 25% more than women's income in Nantucket County, Massachusetts. Over a 35-year career, a 25% wage gap accumulates to roughly $664,440 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Nantucket County, Massachusetts has widened from about 12% to 20% in 2024. Over that period the gap was widest at 22% in 2010, and in 2021 women out-earned men by 13%. In dollar terms, the gap has widened by $11,694 since 2009.
Sharply against the trend: the pay gap in Nantucket County widened by 7.8 points while Massachusetts's narrowed by 5.5 points.
Employment
| Metric | Nantucket County | Massachusetts Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.3% | 5.1% | 5.2% |
| Working from Home | 13.0% | 18.6% | 15.0% |
| Commute time (minutes) | 12 | 25 | 22 |
Approximately 370 people are unemployed in Nantucket County, Massachusetts.
The average commute time in Nantucket County is 12 minutes, shorter than the 25 minutes in Massachusetts.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Nantucket County, Massachusetts has risen from 2.8% to 4.3% in 2024. Over that period the rate peaked at 8.0% in 2021 and fell as low as 2.7% in 2018.
Nantucket County, MA Wealth Compared With Nearby Counties
Nantucket County, MA is the smallest of the 6 counties compared here, 14,483 residents against a local median of 231,272. Nantucket County, MA's median household income, at $142,551, runs 37% above the $103,981 typical of the counties around it. That is the better end of the local range on this measure.
Income growth tells the same story from another angle: 6.2%/yr against a local median of 4.9%/yr, 28% above it. Every measure here with a clear better direction points the same way, so Nantucket County, MA is not trading one advantage for another, it reads stronger than its neighbours across the board. The counties themselves spread $40,650 on median household income, so Nantucket County, MA sits at one end of an already wide local range rather than apart from it. Nantucket County, MA has the highest median household income of the 6 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Nantucket County, MA | 14,483 | $142,551 #1/6 | 6.2%/yr #2/6 | 4.3% #1/6 | 0.474 #1/6 |
| Barnstable County, MA | 231,272 | $95,861 | 4.8%/yr | 5.0% | 0.503 |
| Dukes County, MA | 20,933 | $126,345 | 8.6%/yr | 6.6% | 0.495 |
| Plymouth County, MA | 534,586 | $114,939 | 4.9%/yr | 5.1% | 0.520 |
| Bristol County, MA | 582,104 | $85,695 | 4.7%/yr | 5.5% | 0.523 |
| Newport County, RI | 84,657 | $103,981 | 4.9%/yr | 5.5% | 0.501 |
Conclusion
Considering all these factors, Nantucket County, Massachusetts has an overall wealth index grade of A, making it somewhat better than Massachusetts, and notably better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Nantucket County, Massachusetts.
How Rich Is Nantucket County, Massachusetts?
Nantucket County has a wealth index grade of A. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an A grade means residents are much better off than the U.S. average. The median household income is $142,551, about 37% higher than the Massachusetts average of $104,336.
How fast is household income rising in Nantucket County, Massachusetts?
Between 2009 and 2024, the median household income in Nantucket County, Massachusetts rose 75%, from $81,238 to $142,551. Over the same years, income here outpaced Massachusetts as a whole: +75% against +61%.
What was the median household income in Nantucket County in 2023?
In 2023, the median household income in Nantucket County, Massachusetts was $124,472, down 7% from $133,941 in 2022. The Massachusetts median that year was $101,513.
What was the median household income in Nantucket County in 2020?
In 2020, the median household income in Nantucket County, Massachusetts was $114,153. By 2024 it had risen 25% to $142,551.
What is the Gini coefficient in Nantucket County, Massachusetts?
The Gini coefficient in Nantucket County is 0.474. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Nantucket County, Massachusetts?
Since 2009, the income gap between men and women in Nantucket County, Massachusetts has widened from about 12% to 20% in 2024. Over that period the gap was widest at 22% in 2010, and in 2021 women out-earned men by 13%. In dollar terms, the gap has widened by $11,694 since 2009.
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