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CONTEXT <br /> Mashpee is currently home to just under 14,000 residents;this <br /> population grows significantly in the summer with 36.1%of the homes in <br /> Mashpee being seasonal.As a place of work,Mashpee's 477 <br /> establishments employ approximately 4,500 people on an annual basis. <br /> The average wage per job in Mashpee is $32,188 while median incomes <br /> are significantly higher. The table below outlines the key demographic <br /> and economic statistics for Mashpee. <br /> People&Housing Employment&Income <br /> Population Estimate(2010") 13,850 Labor Force(persons working in 7,329 <br /> the area)(2010) <br /> Median Age(2010 Census) 47.5 Unemployment Rate(2010) 3.9 <br /> White Alone(2010 Census) 89.1 Establishments(2010 ES202) 477 <br /> H.S.Diploma or More-%of 95.9% Workers(2010 ES202) 4,498 <br /> Adults 25+(2010') <br /> Bachelor's Deg.or More-%of 34.1% Avg.Wage per Job(2010 ES202) $32,188 <br /> Adults 25+(2010') <br /> Households(2010") 5,925 MedianHousehold Income $62,645 <br /> (2010') <br /> Total Housing Units(2010') 9,605 %Derived from Earnings(2010`) 48.2% . <br /> Percent of Total Units Vacant for <br /> Seasonal or Recreational Use 36.1% Median Family Income(2010') $74,195 <br /> (2010`) <br /> Median Value of Owner Occupied $361,100 Poverty Rate(2010') 7.5 <br /> Housing(2010') - <br /> Total Building Permits Issued N/A Mean Travel Time to Work 24A <br /> (minutes)(2010') <br /> 'American Community Survey 5 year estimates. <br /> As with most towns,the majority of Mashpee tax revenues are derived <br /> from tax on real and personal property.The 2012 Real Estate Total Tax <br /> for the Town of Mashpee is $8.96 per$1,000 of Assessed Value. As of <br /> 2009,ninety one percent of property tax revenues were derived from <br /> taxes on residential and open space properties.Taxes on commercial, <br /> industrial and personal property make up approximately 9% of revenues. <br /> Page 2 Mashpee EDIC Economic Development Plan <br />