Wellesley, Massachusetts is a small city with a population of approximately 29,000. Young adults aged 15-24 will find plenty of activities, as they make up a larger portion of the population here (23%) than nationally (14%), while young professionals figure less prominently in the demographics. With an average age of just under 37, the city's residents are notably younger than most cities in Massachusetts. Renters tend to be in the minority in the city, and 83% of residents own their homes. Relatively high rent costs could be playing a role, as the average rent of $1,492 per month is substantially higher than the state average of $1,218.
Wellesley has an average commute time of about 33 minutes. Driving a vehicle is the prevailing means of commuting to work, chosen by 28% of workers, while public transit isn't widely used. Walking (5%) isn't a common way to get to work, though the number far surpasses the national average.
Many Wellesley residents work in one of four industries: education, scientific, finance, and healthcare. Combined, these industries make up 27% of the city's workforce. Meanwhile, looking at job function, many of the city's residents work in management, which ranks as the top profession in the city. Wellesley workers take home an average annual income of around $154,000, the highest average income of any municipality in Massachusetts. The city's average income also compares favorably to the national average of $73,345. Wellesley has a high percentage of residents older than 25 with advanced degrees compared to the national average (7%), as 21% have earned a Master's degree or a Doctorate. Further, 19% possess a Bachelor's degree, which also outpaces the national average.
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