This article presents information about the Population & Steets in Winthorpe City, Massachusetts. These figures may be considered to be an indication of the overall health of the city. The city's average yearly unemployment rate has been below the statewide average since 1985. However, the population of Winthrop City has declined over the past few years. This decrease in job opportunities has led to a decline in the town's overall quality of life.
The lack of affordable housing options in Winthrop is evident in the city's declining vacancy rates. The population is mostly comprised of low and moderate-income households. The affordability gap also extends to the middle-income group. The good news is that the city is not expecting a large increase in population in the near future. Instead, the town can adapt the existing units to meet the current housing needs of its residents.
The median age in Winthrop is 39.9 years. This is almost 4 years higher than the median age for the area. This increase in median age is a sign of the growing middle-aged population in Winthrop. While the older population is fairly stable, this change does put pressure on the trade-up market. Despite these trends, however, the average age of Winthrop residents is still well above the state average.
The median rent in Winthrop City was $302 in 1980, $681 in 1990, and $824 in 2000. However, this figure represents rents that were paid by those in place in 1999. While these figures are indicative of average rents in Winthrop, they do not represent the affordability levels of the area. In Winthrop, the cost of renting a home has a significant impact on the bottom income groups.