Fairhaven, Massachusetts Median Income

Fairhaven, Massachusetts has a population of 16,200, with a median household income of $94,000.

Current median income data for Fairhaven.

$94,000

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Population

16,200

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Median Income

$94,000

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Unemployment

4.70%

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Housing Price

$520,000

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Crime Rate

3.50

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Internet Speed

225.00 Mbps

Fairhaven is a small local community located in Massachusetts. The city has a population that is below the average city population in Massachusetts, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Fairhaven, located in Massachusetts, is a city that reflects important demographic and economic patterns within the region.

Population Overview

Fairhaven has a population of 16,200, which is below the state average. This suggests a smaller and more localized community environment.

Income and Economy

The median household income in Fairhaven is $94,000, which is below the state average, indicating moderate economic conditions.

Housing Market

The average housing price in Fairhaven is about $520,000, making it relatively affordable compared to many cities in Massachusetts.

Employment and Safety

The unemployment rate in Fairhaven is 4.70%, slightly above the state average, suggesting moderate employment conditions. Crime rates in Fairhaven are higher than the state average, which may be a factor for residents to consider.

City Comparison

Compared to other cities in Massachusetts, Fairhaven shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

Fairhaven continues to play a role in shaping regional trends in Massachusetts, particularly in terms of economic and demographic factors.

Frequently Asked Questions about Fairhaven

What is the population of Fairhaven?

The population of Fairhaven is approximately 16,200.

Is Fairhaven a good place to live?

Fairhaven offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Fairhaven?

The median household income in Fairhaven is around $94,000.

How expensive is housing in Fairhaven?

The average housing price in Fairhaven is approximately $520,000.