ZIP Code 02554

In ZIP code 02554, which covers Nantucket, households bring in a median of $140,938 a year, with per-capita income at $77,336. Home values run high—the median sits at $1,595,700—yet the county-level property tax rate of 0.25% keeps annual tax bills lower than the price tag might imply. Sales tax adds 6.25% to purchases. With earnings well above national norms, many here can absorb both taxes while still covering daily costs, though the steep entry price for housing means ownership often favors those with substantial income or existing equity.