What is the median household income in Wellesley, MA?
The median household income in Wellesley, MA is $250,000 or more a year (2020–2024 American Community Survey).
Paying the median gross rent of $2,886 a month would take about $115,400 a year at the common guideline of spending no more than 30% of income on rent.
Figures last updated on .
- Median household income
- $250,000 or more
- Median renter income
- $108,214 (±$57,868)
- Income to afford median rent
- about $115,400
Income in Wellesley against Norfolk County, its state and the nation
| Wellesley | Norfolk County | Massachusetts | United States | |
|---|---|---|---|---|
| Median household income | $250,000 or more | $130,739 (±$2,551) | $103,960 (±$527) | $80,734 |
| Median renter household income | $108,214 (±$57,868) | $74,159 (±$3,427) | $60,987 (±$576) | $52,966 |
| Median owner household income | $250,000 or more | $166,233 (±$2,455) | $135,402 (±$770) | $100,009 |
| Median gross rent | $2,886 (±$360) | $2,149 (±$29) | $1,762 (±$9) | $1,413 |
How much you need to earn to rent in Wellesley
Many landlords and housing programs use 30% of gross income as the most a household should spend on rent.
At that guideline, the median gross rent of $2,886 a month ($34,632 a year) needs an income of about $115,400 a year.
The median renting household in Wellesley earns $108,214 a year, less than that.
This is arithmetic on the published medians, not a rule any landlord must follow; screening criteria vary and some places limit how income may be weighed.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median gross rent | $1,938 (±$358) | $2,886 (±$360) | +48.9% | No measurable change after inflation |
| Median home value | $1,149,100 (±$34,361) | $1,582,700 (±$48,725) | +37.7% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median household income in places near Wellesley
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Wellesley | — | $250,000 or more | — |
| Needham (community) | 2.7 mi | $214,308 (±$13,048) | — |
| Needham | 2.7 mi | $214,308 (±$13,048) | — |
| Natick | 3.7 mi | $138,538 (±$11,269) | — |
| Cochituate | 3.9 mi | $192,361 (±$18,465) | — |
| Weston | 3.9 mi | $250,000 or more | — |
| Dover (community) | 4.2 mi | $250,000 or more | — |
| Newton | 4.2 mi | $190,304 (±$8,593) | — |
| Dover | 5.0 mi | $250,000 or more | — |
None of the nearby places differs measurably from this one on this figure.
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Norfolk County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 1 (tie) | Dover | $250,000 or more |
| 1 (tie) | Wellesley | $250,000 or more |
| 3 | Medfield | $235,800 (±$31,636) |
| 4 | Westwood | $223,125 (±$33,149) |
| 5 | Needham | $214,308 (±$13,048) |
| 6 | Norfolk | $200,720 (±$21,984) |
| 7 | Cohasset | $199,306 (±$53,082) |
| 8 | Sharon | $191,835 (±$18,502) |
Showing 8 of 28 places in Norfolk County, ranked from highest to lowest.
The figures for Wellesley include the places inside it that have pages of their own: Wellesley (community).
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Wellesley
What is the median household income in Wellesley?
The median household income in Wellesley is $250,000 or more a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Wellesley?
About $115,400 a year, if rent is to stay at or below 30% of income at the median gross rent of $2,886 a month.
What do renters earn in Wellesley?
The median renting household in Wellesley, MA earns $108,214 (±$57,868) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Wellesley town, Norfolk County, Massachusetts
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Wellesley town, Norfolk County, Massachusetts
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Wellesley town, Norfolk County, Massachusetts
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Wellesley town, Norfolk County, Massachusetts
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Wellesley town, Norfolk County, Massachusetts
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Wellesley town, Norfolk County, Massachusetts
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Wellesley town, Norfolk County, Massachusetts (county subdivision:74175, in state:25 county:021).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
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- Population growth in Wellesley
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- Housing across Norfolk County
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- Housing data for every place in Massachusetts