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Cochituate, MA Profile: Facts & Data

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Cochituate, Massachusetts - Basic Facts

The Cochituate Census Designated Place had a population of 6,993 as of July 1, 2020.

The primary coordinate point for Cochituate is located at latitude 42.3209 and longitude -71.3642 in Middlesex County. The formal boundaries for the Cochituate Census Designated Place encompass a land area of 3.81 sq. miles and a water area of 0.35 sq. miles. Middlesex County is in the Eastern time zone (GMT -5). The elevation is 174 feet.

The Cochituate Census Designated Place (GNIS ID: 2378001) has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

The Cochituate Census Designated Place is located within Town of Wayland, a minor civil division (MCD) of Middlesex County.

Alternate Unofficial Names for Cochituate: Cohituate Village.

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Cochituate, MA Data & Demographics (As of July 1, 2020)

POPULATION

Total Population 6,993 (100%)
Population in Households 6,949 (99.4%)
Population in Families 6,018 (86.1%)
Population in Group Quarters1 44 ( 0.6%)
Population Density 1,836
Diversity Index2 41
 
 

INCOME

Median Household Income $158,645
Average Household Income $205,395
% of Income for Mortgage4 18%
Per Capita Income $75,973
Wealth Index5 318
 

HOUSING

Total HU (Housing Units) 2,678 (100%)
Owner Occupied HU 2,184 (81.6%)
Renter Occupied HU 406 (15.2%)
Vacant Housing Units 88 ( 3.3%)
Median Home Value $664,321
Average Home Value $718,289
Housing Affordability Index3 128
 

HOUSEHOLDS

Total Households 2,590
Average Household Size 2.68
Family Households 1,884
Average Family Size 3
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

 2010-2020 2020-2025
Population 0.61% 0.5%
Households 0.49% 0.44%
Families 0.47% 0.43%
Median Household Income   1.33%
Per Capita Income   1.9%
Owner Occupied HU   0.59%

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Cochituate, MA - Peer Comparisons by Rank and Percentile

The table below compares Cochituate to the other 245 incorporated cities, towns and CDPs in Massachusetts by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 99 60th
Population Density # 97 61st
Median Household Income # 9 97th
Housing Affordability Index # 179 73rd
Per Capita Income # 13 95th
Diversity Index # 67 73rd

Additional comparisons and rankings can be made with a VERY EASY TO USE Massachusetts Census Data Comparison Tool.

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