Cost of Living in Nantucket County, Massachusetts
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Nantucket County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Nantucket County ranks #3,134 of 3,142 counties for affordability (bottom 1%)
Sourced county brief
Median Home Value in Nantucket County Estimated at $1,593,800
The median home value in Nantucket County was estimated at $1,593,800 according to the 2020-2024 ACS 5-Year Estimates. This value is $959,543 higher than the Massachusetts unweighted county mean home value of $634,257. Median selected monthly owner costs for all owner-occupied units in the county were $3,014, exceeding the state unweighted county mean of $2,087. For those in rental housing, the median gross rent was $2,213 per month, which is $597 above the state unweighted county mean of $1,616. The official ACS B25071 GRAPI, representing the median gross rent as a percentage of household income, was 31.7%. This figure matches the Massachusetts unweighted county mean for official GRAPI of 31.7%. The median household income for all households was $139,688, while the median income specifically for renter households was $73,466. These data points provide a snapshot of housing tenure costs in the region as of the 2020-2024 period. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Nantucket County
Affordability Verdict
ACS B25071 estimates median gross rent at 31.7% of renter household income in Nantucket County, which is between the 30% and 50% rent-burden benchmarks. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $2,213 per month; median selected monthly owner costs are $3,014. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $88,520 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Massachusetts unweighted mean of county median rents is $1,616 per month. Nantucket County's $2,213 median is 37.0% above that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Nantucket County
Rent Burden
19.0%
of gross income
Max Housing (28% Rule)
$3,259
per month
Owner Cost Burden
25.9%
of gross income
The median home in Nantucket County may be a stretch
Median home value is $1,593,800. Estimated monthly cost: $12,724 vs. your max of $3,259.
Rent Affordability Guide
Income Needed Calculator
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2020-2024). Data is informational only and is not personalized financial advice.
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