Cost of Living in Dukes County, Massachusetts

$1,371/mo
Median Monthly Rent
$1,104,100
Median Home Value
12% below state averageUnaffordable

At a Glance

Median Monthly Rent
$1,371/mo
12% below state average
Median Home Value
$1,104,100
292% above national
Rent-to-Income Ratio
31.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How Dukes County Compares

Median monthly rent comparison

Dukes County$1,371/mo
Massachusetts Average$1,558/mo
National Median$1,163/mo

Detailed Housing Stats

$1,371/mo
Median Gross Rent
$1,104,100
Median Home Value
$2,379/mo
Monthly Owner Cost
31.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Dukes County, Massachusetts

Martha's Vineyard premium costs less to justify

Despite the nation's highest median home values at $1.1 million, Dukes County renters spend just 16.1% of their income on housing—better than the national average. This is possible because median household income ($102,348) is among the country's highest, allowing residents to absorb premium coastal costs more easily.

Most expensive homes, smartest affordability ratio

Dukes County boasts the lowest rent-to-income ratio in Massachusetts (16.1%), despite having the state's highest median home values at $1.1 million and median rents of $1,371. This paradox reflects Dukes' wealthy resident base and strong household incomes of $102,348—the second-highest statewide.

Martha's Vineyard commands island premium

Dukes' median rent of $1,371 falls between nearby Barnstable ($1,596) and Hampshire ($1,332), but its home values of $1.1 million dwarf all other surveyed counties—more than double Barnstable's $575,900. Island exclusivity and limited housing supply drive Dukes' unparalleled property values.

Renters enjoy relative bargain, buyers invest heavily

Renters allocate just 16.1% of their $102,348 income to $1,371 monthly rent, an excellent ratio for a resort community. However, homeowners dedicate 27.9% to a $2,379 monthly payment for homes worth $1.1 million—the steepest ownership burden across all surveyed counties.

Island living for the exceptionally affluent

Dukes County is accessible only to households with exceptional incomes—the $1.1 million median home value means even 20% down payments exceed $220,000. If you're relocating to Martha's Vineyard, expect to be among the state's wealthiest residents; for most others, Berkshire or Bristol offer far better value.

Affordability Calculator

See how your income compares to housing costs in Dukes County

$

Rent Burden

16.1%

of gross income

Max Housing (28% Rule)

$2,388

per month

Owner Cost Burden

27.9%

of gross income

The median home in Dukes County may be a stretch

Median home value is $1,104,100. Estimated monthly cost: $8,814 vs. your max of $2,388.

Rent Affordability Guide

Your rent-to-income ratio16.1%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Dukes County, Massachusetts?
Dukes County, Massachusetts has a median monthly rent of $1,371/mo and a median home value of $1,104,100. The affordability rating is Unaffordable, with rent making up approximately 31.0% of median household income.
What is the median rent in Dukes County?
The median gross rent in Dukes County is $1,371/mo. This is 12% below state average for Massachusetts.
Is Dukes County affordable?
Dukes County is rated Unaffordable based on rent-to-income ratio of 31.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Dukes County's rent compare to the state average?
Dukes County's median rent of $1,371/mo is 12% below state average of $1,558/mo for Massachusetts.
What is the median home value in Dukes County?
The median home value in Dukes County, Massachusetts is $1,104,100. This is 292% above the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.