| ZIP Code | 02554 |
|---|---|
| City | Nantucket |
| State | Massachusetts (MA) |
| County | Nantucket County |
| Area Code | 508/774 |
| Latitude | 41.290114 |
|---|---|
| Longitude | -70.096294 |
| Timezone | New York (DST) |
| FIPS | 25019 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 40.7 yrs |
|---|---|
| Avg Household Size | 2.81 |
| Below Poverty | 2.3% ▼ 77% below avg |
| College Grads | 63.9% ▲ 65% above avg |
| Unemployment | 5.2% ≈ Avg |
| No HS Diploma | 96 (1%) |
| HS Graduate | 1,491 (15.7%) |
| Some College | 640 (6.8%) |
| Associates | 1,195 (12.6%) |
| Bachelors | 524 (5.5%) |
| Graduate Degree | 5,521 (58.3%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $125,524 ▲ 64% above avg ↑ 17% since 2019 |
|---|---|
| Median Home Value | $1,386,100 ▲ 397% above avg ↑ 29% since 2019 |
| Home/Income Ratio | 11.0x (nat avg ~3.5x) |
| Median Rent | $2,081/mo ↑ 18% since 2019 |
| Total Units | 10,985 |
| Vacant Units | 6,066 |
| Avg HH Size | 2.81 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 10,985 |
|---|---|
| Vacant | 6,066 |
| Owner Occupied | 76.1% |
| Renter Occupied | 24.0% |
| Avg HH Size | 2.81 |
ZIP code 02554 is located in Nantucket, Massachusetts, within Nantucket County. With a population of 14,033, this is a lightly populated ZIP code with a middle-aged community — the median age is 40.7 years. Economically, 02554 is a upper-middle-income ZIP code: the median household income of $125,524 is significantly above the national average.
Real estate in ZIP code 02554 represents among the most expensive housing markets in the country. The median home value of $1,386,100 is more than double the national average. Renters can expect to pay around $2,081 per month in median rent. Homeownership is strong here — 76.1% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 29% since 2019.
The population of 02554 is majority White (68.77%). Residents are highly educated — 63.9% hold a bachelor's degree or higher, which is significantly above the national average. Poverty affects a relatively small share of residents at 2.3%. Household income has grown by 17% since 2019.
The unemployment rate in 02554 stands at 5.2%, which is near the national average. About 12% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 71%.
Overall, ZIP code 02554 in Nantucket, MA is characterized as upper-middle-income, highly educated, a middle-aged community, and predominantly owner-occupied. With 14,033 residents, a median household income of $125,524, and a median home value of $1,386,100, it offers a clear picture of life in this part of Massachusetts.