The labor force participation rate in Nantucket is 73%, with an unemployment rate of 2.9%. For many in the labor force, the common commute time is 12 minutes. 21.5% of Nantucket’s population have a graduate degree, and 31.3% have a bachelors degree. For many without a college degree, 23% attended some college, 19.8% have a high school diploma, and just 4.4% possess an education not as much as senior high school. 4.4% are not included in medical health insurance.
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Nantucket, Massachusetts is situated in Nantucket county, and includes a populace of 11168, and rests within the greater metropolitan area. The median age is 40.3, with 11% of this residents under ten years old, 12.2% between ten-19 many years of age, 10.8% of citizens in their 20’s, 15.7% in their thirties, 15% in their 40’s, 13.8% in their 50’s, 12.5% in their 60’s, 5.7% in their 70’s, and 3.3% age 80 or older. 51.2% of citizens are men, 48.8% women. 46.5% of residents are reported as married married, with 13.4% divorced and 36.1% never married. The percent of women and men recognized as widowed is 4%.
The typical family unit size in Nantucket, MA is 3.31 household members, with 70.5% being the owner of their particular dwellings. The average home appraisal is $1131000. For people renting, they pay out on average $1764 monthly. 61.2% of households have dual sources of income, and a median household income of $107717. Average income is $44630. 8.7% of town residents live at or below the poverty line, and 11.2% are handicapped. 5.6% of residents are veterans regarding the US military.