Population 4,063 · Census ACS 2020–24
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Population and households in Bank Square
Household size in Bank Square
| Period | Bank Square | Waltham | Boston area | Massachusetts | U.S. |
|---|---|---|---|---|---|
| 2006–10 | 2.47 | 2.24 | 2.54 | 2.53 | 2.68 |
| 2010–14 | 2.35 | 2.30 | 2.59 | 2.57 | 2.73 |
| 2015–19 | 2.13 | 2.31 | 2.60 | 2.57 | 2.71 |
| 2020–24 | 2.38 | 2.25 | 2.55 | 2.52 | 2.65 |
| Change | −0.09 | +0.01 | +0.01 | −0.01 | −0.03 |
Households in Bank Square are small: just 2.38 people on average, compared with 2.65 nationally. That is typical of places where many people live alone or as couples, and fewer have children at home. Locally, though, the typical household here is bigger than in Waltham as a whole, where it has 2.25 people.
Household size: the average number of people living in each occupied home. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25010).
Median age in Bank Square
| Period | Bank Square | Waltham | Boston area | Massachusetts | U.S. |
|---|---|---|---|---|---|
| 2006–10 | 30.7 | 37.1 | 38.9 | 39.4 | 37.7 |
| 2010–14 | 32.6 | 36.3 | 39.7 | 40.1 | 38.6 |
| 2015–19 | 34.7 | 36.2 | 40.4 | 41.0 | 39.6 |
| 2020–24 | 34.0 | 37.4 | 40.8 | 41.4 | 40.1 |
| Change | +3.3 | +0.3 | +1.9 | +2.0 | +2.3 |
Bank Square is young: half of its residents are under 34.0, compared with a national median of 40.1. The population tilts toward young adults, many of them living alone or as couples. The median age has climbed from 30.7 in 2006–10, but in a place this small, much of that may be survey noise rather than real change.
Median age: the age that splits residents into two equal halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B01002).
Single-parent households in Bank Square
| Period | Bank Square | Waltham | Boston area | Massachusetts | U.S. |
|---|---|---|---|---|---|
| 2006–10 | 13.6% | 7.9% | 10.4% | 11.0% | 12.3% |
| 2010–14 | 5.1% | 7.5% | 10.2% | 11.0% | 12.3% |
| 2015–19 | 4.4% | 5.8% | 9.6% | 10.3% | 11.6% |
| 2020–24 | 12.8% | 7.4% | 9.7% | 10.6% | 11.6% |
| Change | −0.9 pts | −0.5 pts | −0.7 pts | −0.4 pts | −0.6 pts |
Single parents head about one in eight households in Bank Square (12.8%), a bit above the national share of 11.6%.
Single-parent households: households where one adult with no spouse present lives with children under 18. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B11003).
Housing in Bank Square
Renters in Bank Square
| Period | Bank Square | Waltham | Boston area | Massachusetts | U.S. |
|---|---|---|---|---|---|
| 2006–10 | 76.4% | 52.8% | 36.8% | 36.0% | 33.3% |
| 2010–14 | 72.0% | 50.7% | 38.5% | 37.7% | 35.6% |
| 2015–19 | 69.9% | 48.3% | 38.3% | 37.6% | 36.0% |
| 2020–24 | 64.7% | 50.3% | 38.4% | 37.5% | 34.8% |
| Change | −11.7 pts | −2.5 pts | +1.6 pts | +1.5 pts | +1.5 pts |
Most households in Bank Square rent: 64.7% of occupied homes are rented, far above the national share of 34.8%. Expect more apartments, and more turnover, than in owner-heavy areas. About four in ten owners (39.3%) have paid off their mortgages, about the same as nationally. Rentals cluster in the east; owners are most common in the west.
Renters: occupied homes that are rented rather than owned. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25003).
Vacant homes in Bank Square
| Period | Bank Square | Waltham | Boston area | Massachusetts | U.S. |
|---|---|---|---|---|---|
| 2006–10 | 5.4% | 7.8% | 8.1% | 9.5% | 11.4% |
| 2010–14 | 7.5% | 7.8% | 7.4% | 9.1% | 11.4% |
| 2015–19 | 11.2% | 7.3% | 7.3% | 8.9% | 11.1% |
| 2020–24 | 8.7% | 5.6% | 6.7% | 7.9% | 9.6% |
| Change | +3.2 pts | −2.2 pts | −1.4 pts | −1.6 pts | −1.8 pts |
Vacancy in Bank Square is close to the national rate: 8.7% of homes are empty, against 9.6%. The rate is higher than in Waltham as a whole (5.6%).
Vacant homes: homes with no one living in them, including vacation homes and homes for sale or rent. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25002).
Age of homes in Bank Square
| Period | Bank Square | Waltham | Boston area | Massachusetts | U.S. |
|---|---|---|---|---|---|
| 2006–10 | 1946 | 1958 | 1958 | 1958 | 1974 |
| 2010–14 | 1946 | 1958 | 1959 | 1959 | 1975 |
| 2015–19 | 1950 | 1962 | 1961 | 1961 | 1977 |
| 2020–24 | 1953 | 1964 | 1964 | 1963 | 1980 |
| Change | +7 | +5 | +6 | +5 | +6 |
Bank Square is a place of older homes: half were built before 1953, while the national median is 1980. That means established neighborhoods, and more houses that may need updating. The newest homes are mostly in the east, the oldest in the south.
Age of homes: the year that splits the housing stock into older and newer halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25035).
Rent in Bank Square
| Period | Bank Square | Waltham | Boston area | Massachusetts | U.S. |
|---|---|---|---|---|---|
| 2006–10 | $1,217 | $1,381 | $1,171 | $1,085 | $965 |
| 2010–14 | $1,261 | $1,470 | $1,251 | $1,157 | $1,040 |
| 2015–19 | $1,410 | $1,790 | $1,537 | $1,398 | $1,213 |
| 2020–24 | $2,010 | $2,231 | $2,051 | $1,860 | $1,571 |
| Change | +$793 | +$850 | +$881 | +$775 | +$606 |
The median renter in Bank Square pays $2,010 a month for rent and utilities, well above the national median of $1,571. Even so, rents here are lower than in Waltham overall ($2,231). Rent takes 35.6% of the typical renter's income, well over the 30% mark often used to define affordable rent, so many renters here are stretched.
Rent: monthly rent plus the utilities renters pay themselves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25064).
Education in Bank Square
Bachelor's degrees in Bank Square
| Period | Bank Square | Waltham | Boston area | Massachusetts | U.S. |
|---|---|---|---|---|---|
| 2006–10 | 26.6% | 45.8% | 42.2% | 38.5% | 28.4% |
| 2010–14 | 33.2% | 50.4% | 44.1% | 40.1% | 29.6% |
| 2015–19 | 50.7% | 55.8% | 48.2% | 43.6% | 32.1% |
| 2020–24 | 51.9% | 58.5% | 51.9% | 47.2% | 35.6% |
| Change | +25.4 pts | +12.7 pts | +9.7 pts | +8.7 pts | +7.2 pts |
Bank Square is highly educated: just over half of adults 25 and older (51.9%) hold at least a bachelor's degree, far above the national share of 35.6%. Even so, the share is lower than in Waltham as a whole (58.5%). College graduates are most concentrated in the north and least in the south.
Bachelor's degrees: adults 25 and older with a bachelor's degree or higher. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
High school graduates in Bank Square
| Period | Bank Square | Waltham | Boston area | Massachusetts | U.S. |
|---|---|---|---|---|---|
| 2006–10 | 80.8% | 89.0% | 89.8% | 88.4% | 84.9% |
| 2010–14 | 86.4% | 89.6% | 90.6% | 89.3% | 86.1% |
| 2015–19 | 88.4% | 92.2% | 91.5% | 90.5% | 87.7% |
| 2020–24 | 83.9% | 92.6% | 91.8% | 91.0% | 89.3% |
| Change | +3.2 pts | +3.6 pts | +2.1 pts | +2.6 pts | +4.3 pts |
Nearly one in six adults in Bank Square never finished high school, well above the national share: only 83.9% have a diploma or equivalent, against 89.3% nationally.
High school graduates: adults 25 and older with a high school diploma, GED or more. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
Jobs in Bank Square
| Period | Bank Square | Waltham | Boston area | Massachusetts | U.S. |
|---|---|---|---|---|---|
| 2006–10 | 3.8% | 5.1% | 7.0% | 7.5% | 8.1% |
| 2010–14 | 5.4% | 6.2% | 8.0% | 8.7% | 9.4% |
| 2015–19 | 3.1% | 3.1% | 4.6% | 5.0% | 5.6% |
| 2020–24 | 5.9% | 3.9% | 4.9% | 5.2% | 5.4% |
| Change | +2.1 pts | −1.2 pts | −2.1 pts | −2.3 pts | −2.7 pts |
At 5.9%, unemployment in Bank Square is close to the national rate of 5.4%. The rate is higher than in Waltham as a whole (3.9%). Because the Census pools five years of responses (2020–24), these rates smooth over short swings and lag the current job market.
Unemployment: people looking for work as a share of everyone working or looking. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B23025).
Bank Square compared with nearby neighborhoods
| Neighborhood | Household size | Median age | Single parents | Renters | Vacant homes | Median year built | Median rent | Bachelor's degree | High school diploma | Unemployment |
|---|---|---|---|---|---|---|---|---|---|---|
| Bank Square | 2.38 | 34.0 | 12.8% | 64.7% | 8.7% | 1953 | $2,010 | 51.9% | 83.9% | 5.9% |
| Waltham Highlands | 2.33 | 40.5 | 4.1% | 36.1% | 7.2% | 1946 | $1,691 | 58.4% | 94.6% | 3.0% |
| South Side | 2.21 | 34.3 | 8.4% | 66.4% | 4.9% | 1953 | $2,036 | 62.1% | 93.1% | 4.3% |
| Bleachery | 2.05 | 39.0 | 6.9% | 64.4% | 5.5% | 1972 | $2,507 | 54.4% | 90.8% | 4.5% |
| Piety Corner | 2.02 | 37.6 | 7.7% | 41.1% | 5.1% | 1979 | $2,215 | 57.5% | 90.7% | 3.5% |
| The Lanes | 2.43 | 47.3 | 5.1% | 16.2% | 4.4% | 1962 | $2,334 | 51.8% | 95.3% | 2.2% |
| West Newton | 2.64 | 43.3 | 6.8% | 34.4% | 6.1% | 1942 | $2,347 | 80.4% | 98.2% | 3.0% |
| Warrendale | 2.39 | 41.8 | 7.7% | 28.7% | 4.8% | 1960 | $2,046 | 54.7% | 92.5% | 5.8% |
| Lasell Village | 2.67 | 32.9 | 3.4% | 33.5% | 10.9% | 1949 | $2,442 | 77.7% | 95.4% | 2.1% |
| Lakeview | 2.25 | 34.8 | 7.4% | 65.1% | 3.6% | 1972 | $2,766 | 69.8% | 97.1% | 3.1% |
| North Waltham | 2.23 | 45.3 | 6.1% | 33.4% | 6.0% | 1972 | $2,291 | 49.0% | 92.3% | 3.7% |
All figures 2020–24.
Neighborhoods with similar populations: Ardmore, Winston-Salem, NC · Whitehouse, Jacksonville, FL · Atlantic City Inlet, Atlantic City, NJ · Burlingame Gate, Burlingame, CA · Valencia, Buckeye, AZ · Rancho El Dorado, Silver Bell, AZ · Belmont-Charlottesville, Charlottesville, VA · Eldorado Heights, McKinney, TX · Cripple Creek, Lincoln, NE · Eastwood Hills, Kansas City, MO
About these numbers
Every figure on this page is a BestNeighborhood calculation from the Census Bureau's American Community Survey (ACS), built up from the Census block groups that make up Bank Square. Each ACS 5-year release pools five years of responses; this page shows the last 15 releases, 2006–10 through 2020–24. Neighboring releases share four of their five years, so they move gradually and small changes between them are within the survey's margin of error; in small places the lines can jump from one release to the next for the same reason. The maps show the same measures for each neighborhood, ranked against the whole country.
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