Zip 01915 (Beverly, MA) Cost of Living


0 Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.

Beverly cost of living score
131.5
More expensive
31.5% higher
than the US average
3.1% higher
than the Massachusetts average
Beverly (zip 01915), Massachusetts gets a BestPlaces Cost of Living score of 131.5, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 31.5% higher than the U.S. average and 3.1% lower than the average for Massachusetts.

Zip 01915 (Beverly, MA)

Housing costs in Beverly?
A typical home costs $605,700, which is 79.1% more expensive than the national average of $338,100 and 8.7% more expensive than the average Massachusetts home, at $557,300. Renting a two-bedroom unit in Beverly costs $2,420 per month, which is 13.1% more than the national average of $2,140 and close to the state average of $2,420.

Can I afford Beverly?
To live comfortably in Beverly (zip 01915), Massachusetts, a minimum annual income of $115,920 for a family, and $79,200 for a single person is recommended.

What does A.I. say about Beverly?
Living in 01915 Beverly, MA can be quite expensive. The cost of living is over 20% higher than the national average, and housing costs are a major contributor to this number. The median home price in Beverly is around $460,000, which is significantly higher than the nationwide median of around $200,000. This high cost of living means that many people must go above and beyond their budget to afford living in such an affluent city, making it a difficult choice for some individuals or families. Although Beverly has many great attractions and amenities that come with living there, the high cost of living may be too much for some to handle.
   Cost of living score
     CategoriesBeverlyMassachusettsUnited States
  131.5127.5100.0
  109.3108.9100
  88.690.2100.0
  199.9175.0100.0
  $605,700$557,300$338,100
  108.8%112.9%100.0%
  95.4107.9100.0
  145.4147.9100.0

   100=National Average

   Average Rent by Bedroom Size
Crime