Woods Hole is a small town in Massachusetts with approximately 1,000 residents. Retirees can expect to feel welcome, as they account for 43% of the population compared to 14% nationally, while young adults account for a smaller percentage of the town. Overall, the town's population, with an average age of just under 53, is decidedly older than most cities in Massachusetts. Renters tend to be in the minority in the town, and 82% of residents own their homes. With an average rent of $1,350/month, exceeding the state average by $132 per month, relatively high rent costs may play a role in the higher levels of ownership.
Woods Hole has a high number of residents older than 25 who have advanced degrees compared to the national average (7%), as 32% have earned a Master's or a Doctorate. In addition, 22% have a Bachelor's degree, which also outpaces the national average. Many Woods Hole residents work in one of three industries: scientific, education, and healthcare. Together, these industries make up 25% of the labor force in the town. Meanwhile, in terms of job function, many residents work in management, making it the top profession in the town. With an average annual income of about $107K, Woods Hole workers earn about $23,000 more than the average Massachusetts resident. Woods Hole's average income also compares favorably to the national average of $73,345.
With an average commute time of about 19 minutes, quicker than most cities in the state, Woods Hole residents are well aware that getting to work isn't overly time-consuming. Driving a vehicle is the typical mode of getting to work, chosen by 30% of workers, while public transit isn't used much. Relatively few commuters (5%) walk to work, though the number is significantly higher than the national average.
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