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Worcester, Massachusetts Mortgage and Housing Information
Population: 172,648
Data Source:US Census Bureau. All figures are from year 2000 unless otherwise noted.
Lifestyle in Worcester
Income
| U.S. | Massachusetts | Worcester | |
|---|---|---|---|
| Median Earnings | $27,239 | $32,711 | $28,976 |
| Median Earnings, Males | $32,396 | $40,907 | $32,346 |
| Median Earnings, Females | $22,097 | $26,662 | $25,022 |
Males earn $7,324 (29.3%) more than Females in Worcester.
Commuting in Worcester
Means of transportation to work, workers over 16 years old.
| Means of Transport | Number of People |
|---|---|
| Car, solo | 55,588 |
| Carpooled | 9,438 |
| Public Transit | 3,236 |
| Bicycle | 201 |
| Walking | 5,284 |
| Other Means | 523 |
| Total, Commuted | 74,270 |
| Worked from home | 1,267 |
| Total | 75,537 |
Time Spent Commuting in Worcester
Time spent commuting in Worcester
| Time spent in minutes | Number of People |
|---|---|
| Less than 5 | 2,667 |
| 5-9 | 9,391 |
| 10-14 | 15,551 |
| 15-19 | 13,976 |
| 20-24 | 10,395 |
| 25-29 | 3,681 |
| 30-34 | 7,457 |
| 35-39 | 1,402 |
| 40-44 | 1,252 |
| 45-59 | 3,584 |
| 60-89 | 3,610 |
| Over 90 | 1,304 |
Education
| Level | Number of Males | Percent of Males | Number of Females | Percent of Females |
|---|---|---|---|---|
| Some College | 7,689 | 15.2% | 8,872 | 17.5% |
| Associate Degree | 3,677 | 7.3% | 4,591 | 9.1% |
| Bachelor's Degree | 10,742 | 21.2% | 9,639 | 19.1% |
| Master's Degree | 2,831 | 5.6% | 4,340 | 8.6% |
| Professional Degree | 1,034 | 2.0% | 654 | 1.3% |
| Doctorate Degree | 965 | 1.9% | 919 | 1.8% |
| Total (at least some college) | 26,938 | 53.3% | 29,015 | 51.3% |
| Total over 25 | 50,580 | 100% | 56,547 | 100% |
Housing in Worcester
Value of Houses and Condos
| U.S. | Massachusetts | Worcester | |
|---|---|---|---|
| Median home value in year 2006 | $185,200 | $370,400 | $266,000 |
Monthly Owner Costs
| U.S. | Massachusetts | Worcester | |
|---|---|---|---|
| With a mortgage | $1,402 | $1,925 | $1,776 |
| Without a mortgage | $399 | $616 | $590 |
Tenancy in Worcester
| Owner-occupied homes | 31,823 |
|---|---|
| Renter-occupied homes | 34,985 |
| Homes for sale | 664 |
| Homes for rent | 3,524 |
| Total | 75,390 |
Ownership of Houses and Condos
Types of mortgages for owner-occupied Houses and Condos in Worcester (2006)
| Mortgage Type | Number of Houses and Condos | Percent of total |
|---|---|---|
| Without a mortgage | 7,635 | 24.0% |
| First Mortgage Only | 18,485 | 58.1% |
| Second Mortgage and/or Home Equity Loan | 5,703 | 17.9% |
| Total | 31,823 | 100% |
Age of Worcester Residents
| Males | Females |
|---|---|
| 31 | 34 |
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