Cost of Living in Nantucket
The biggest cost-of-living factor in Nantucket, Massachusetts is housing. The median home is priced around $4.67M, or about $1,508 per square foot.
With 20% down on a median-priced home, the estimated monthly mortgage payment (principal and interest) is about $24,255, plus roughly $1,278 per month in property taxes. Rates and down payment change this figure significantly.
Nantucket's FY2025 residential property tax rate is $3.28 per $1,000 of assessed value. Combined with home prices, that gives a clear picture of the monthly cost of owning in Nantucket.