02554 ZIP Code Profile, Map, Data & Demographics

ZIP Code Type: STANDARD
County: Nantucket County
Centroid: Latitude 41.276, Longitude -70.091
Time Zone: Eastern Time Zone (UTC -5 hours)
Observes DST: Yes

ZIP Code 02554 has segments in 2 Counties (Nantucket, Plymouth).

Businesses Addresses: 856
PO Box Addresses: 861
Residential Addresses: 7,121

Multi-Family Addresses: 55
Single Family Addresses: 7,066

Foreclosures in MA 02554

The ZIP Code maps and database are updated 4 times per year.
Database updated: January 1, 2023, Maps updated: August 12, 2022.

Nantucket, MA 02554 Data & Demographics (As of July 1, 2022)

POPULATION
Total Population	14,941 (100%)
Population in Households	14,883 (99.6%)
Population in Families	10,319 (69.1%)
Population in Group Quarters¹	58 ( 0.4%)
Population Density	349
Diversity Index²	62


INCOME
Median Household Income	$129,927
Average Household Income	$171,644
% of Income for Mortgage⁴	46%
Per Capita Income	$64,071
Wealth Index⁵	196

HOUSING
Total HU (Housing Units)	11,977 (100%)
Owner Occupied HU	3,925 (32.8%)
Renter Occupied HU	1,647 (13.8%)
Vacant Housing Units	6,405 (53.5%)
Median Home Value	$1,136,040
Average Home Value	$1,264,338
Housing Affordability Index³	57

HOUSEHOLDS
Total Households	5,572
Average Household Size	2.67
Family Households	3,129
Average Family Size	3.00

NOTES

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.
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.
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.
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).
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.

Nantucket, MA 02554 - Peer Comparisons by Rank and Percentile

The table below compares 02554 to the other 519 ZIP Codes in Massachusetts by rank and percentile using July 1, 2022 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.

GROWTH RATE / YEAR	2020-2022	2022-2027
Population	3.17%	1.03%
Households	2.05%	1.03%
Families		1.03%
Median Household Income		1.13%
Per Capita Income		2.41%
Owner Occupied HU		1.40%

Variable Description	Rank	Percentile
Total Population	# 193	63rd
Population Density	# 363	30th
Median Household Income	# 103	80th
Housing Affordability Index	# 40	8th
Per Capita Income	# 145	72nd
Diversity Index	# 89	83rd

02554 ZIP Code Profile, Map, Data & Demographics

ZIP Code 02554: Basic Data & USPS Preferred City Name

Nantucket, MA 02554 Data & Demographics (As of July 1, 2022)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Nantucket, MA 02554 - Peer Comparisons by Rank and Percentile

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