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Wellesley, Massachusetts Demographics & Population 2026

Most EducatedHighest rate of bachelor's degrees in Massachusetts

During the 2020–2024 ACS period, Wellesley, Massachusetts had a total population of 30,347, the 50th largest community in Massachusetts, with a median household income of $250,000+, which is 140% higher than the state average. The poverty rate is 4.0%.

Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes

Key Takeaways

Wellesley Quick Facts

Population 30,347
Median Household Income $250,000+
Median Home Value $1,582,700
Poverty Rate 4.0%
Unemployment Rate 4.4%
Median Age 37.1 years
Homeownership Rate 84.4%
Affordability Ratio 6.3x
Bachelor's Degree or Higher 89.0%
High School Graduation Rate 98.8%
Diversity Index 51/100
Population 30,347 50th of 248
Median Income $250,000+ top 10%
Poverty Rate 4.0% 68% lower than national
Median Home Value $1,582,700 top 10%

How Wellesley Changed

Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.

Metric2019–20232020–2024Change
Population29,90630,347+1.5%
Median household income$250,000+$250,000++0.0%
Median home value$1,513,400$1,582,700+4.6%

How Wellesley Compares

Economy & Housing

Household Income Distribution

Under $25K 7.0%
$25K-$50K 4.1%
$50K-$100K 11.9%
$100K+ 77.0%
Detailed income brackets
Under $10K
3.2%
$10K-$15K
1.8%
$15K-$20K
0.9%
$20K-$25K
1.2%
$25K-$30K
0.7%
$30K-$35K
0.6%
$35K-$40K
0.7%
$40K-$45K
0.8%
$45K-$50K
1.4%
$50K-$60K
1.8%
$60K-$75K
2.9%
$75K-$100K
7.3%
$100K-$125K
3.0%
$125K-$150K
5.4%
$150K-$200K
7.6%
$200K+
60.8%

Employment

4.4% Unemployment Rate State: 5.1%|National: 5.2%
58.6% Labor Force Participation

Housing Overview

Owner 84.4%
Renter 15.6%
Affordability Index Expensive
6.3x home value to income ratio
Median gross rent $2,886/mo 13.9% of median household income annually

People & Demographics

Diversity Index

51out of 100
Moderate Diversity

Moderate diversity with one or two groups making up the majority.

State average: 53 | National average: 61

Education

Wellesley Rankings in Massachusetts

#50 Population of 248
#1 Median Income of 241
#1 Education of 248
#6 Home Value of 242

Other Cities in Norfolk County

CityPopulationMedian IncomePovertyHome Value
Quincy 102,114 $98,882 10.6% $618,500
Brookline 63,266 $142,101 8.7% $1,246,800
Weymouth Town 58,505 $102,714 7.7% $552,100
Braintree Town 38,899 $122,214 5.9% $656,800
Randolph Town 34,878 $109,573 8.4% $496,400
Franklin Town 33,154 $145,773 5.9% $611,700
Needham 32,459 $214,308 3.7% $1,188,500
Norwood 31,542 $107,030 8.8% $651,700
Milton 28,587 $188,529 4.7% $933,200
Dedham 25,237 $128,955 5.6% $661,800

Cities Similar to Wellesley

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Needham32,459$214,308$1,188,50081.9%3.7%
Lexington34,295$238,444$1,203,10084.3%4.7%
Milton28,587$188,529$933,20072.0%4.7%
Belmont27,175$183,137$1,159,00080.9%3.6%
Winchester23,406$230,198$1,215,20079.5%4.7%

Population Overview

Wellesley is a mid-sized community located in Massachusetts, within Norfolk County. The total population is 30,347. It ranks as the 50th most populous out of 248 Census-designated places in Massachusetts.

Age Demographics

The median age in Wellesley is 37.1 years. This is 7% lower than the state median of 40.0 years.

Economy, Income & Housing

The median household income in Wellesley is $250,000+. This is 140% higher than the state median of $103,960. It is also 210% higher than the national median of $80,734. The poverty rate stands at 4.0%. This is 61% lower than the state poverty rate of 10.0%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 4.4%. This is 15% lower than the state rate of 5.1%. The median home value is $1,582,700. Housing costs are 182% higher than the state median of $562,100. The home-value-to-income ratio of 6.3x suggests that housing affordability is a significant concern for many residents. 84.4% of occupied housing units are owner-occupied. This homeownership rate is 35% higher than the state average of 62.5%.

Race & Ethnicity

The largest racial or ethnic group in Wellesley is White (non-Hispanic), making up 67.6% of the population. Asian residents account for 15.9%. The Black or African American population (2.1%) is well below the state average of 6.4%. The Asian population is significantly higher than the state average (15.9% vs 7.2%).

Education

89.0% of residents aged 25 and older hold a bachelor's degree or higher. This places Wellesley in the top 10% of all cities in the state for educational attainment. This is 88% higher than the state rate of 47.3%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 98.8%. Notably, 56.7% of adults hold a graduate or professional degree, indicating a highly educated workforce.

Data Sources & Methodology

All demographic data for Wellesley, Massachusetts is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Massachusetts state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 248 Census-designated places in Massachusetts. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.

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Frequently Asked Questions

What is the population of Wellesley, Massachusetts?

Wellesley, Massachusetts has a population of 30,347 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Wellesley, MA?

The median household income in Wellesley is $250,000+, which is 210% higher than the national median of $80,734.

What is the poverty rate in Wellesley, MA?

The poverty rate in Wellesley is 4.0%. This means approximately 1,006 residents live below the federal poverty line.

What is the racial makeup of Wellesley, Massachusetts?

Wellesley's population is 67.6% White, 2.1% Black, 7.4% Hispanic/Latino, and 15.9% Asian.

What is the median home value in Wellesley, MA?

The median home value in Wellesley is $1,582,700. The home-value-to-income ratio is 6.3x.

How educated is Wellesley, Massachusetts?

89.0% of adults (25+) in Wellesley hold a bachelor's degree or higher, and 56.7% hold a graduate or professional degree.