Housing costs in Beverly?
A typical home costs
$633,700, which is 87.4% more expensive than the national average of
$338,100 and 13.7% more expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Beverly costs
$2,420 per month, which is 69.2% more than the national average of
$1,430 and 11.6% more than the state average of
$2,140.
Can I afford Beverly?
To live comfortably in Beverly, Massachusetts, a minimum annual income of
$121,320 for a family, and
$79,600 for a single person is recommended.
What does A.I. say about Beverly?
The cost of living in Beverly, MA is high, but it is a desirable place to live. Housing costs are especially steep with rents and mortgages that are comparable to the more expensive suburbs of Boston. Groceries, health care, and transportation are all fairly expensive as well. In general, the cost of living in Beverly is higher than most other places in Massachusetts which makes it hard for some families to make ends meet on their salary alone. Despite this fact, people still flock to the town because of its proximity to Boston and the beautiful scenery it offers.