Martha’s Vineyard: A Great Place to Visit?
During the summer months, “The Vineyard” becomes the playground for nearly 75,000 people. Many of these summer-time residents come from all over the United States and around the world and can afford to have a “home-away-from-home” on the island. They occupy over half the number of houses on the island.
However, around September, life on the island returns to normal for the 15,000 year-round residents. Some of these year-rounders are retired and still enjoy a life of relaxation. But the working population on the island has to work extra hard to make ends meet. The cost of living is nearly 60% higher than the national average…housing prices nearly 96% higher…while wages fall far short of that. Vineyard’s regulars make 30% less on average than those who make the island their summer escape.
You’ve heard the expression…”it’s a nice place to visti but you wouldn’t want to live there…here’s a case of “you can’t afford to live there”…but you can visit IF you’re the President of the United States.