2025 Compare Cities Economy:
Beverly, MA vs Lake Ridge, VA

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Highlights
- Household income in Lake Ridge, is 21% more than it is in Beverly and is 36% above the National Average.
- Beverly unemployment rate is 5.7%.
- Lake Ridge unemployment rate is 5.2%.
 Beverly, MALake Ridge, VAUnited States
 Unemployment Rate  Unlock5.2%6.0%
 Recent Job Growth  Unlock1.9%1.6%
 Future Job Growth36.7%  Unlock33.5%
 Sales Taxes6.3%  Unlock6.2%
 Income Taxes  Unlock5.8%4.6%
 Income per Cap.$50,533  Unlock$37,638
 Household Income  Unlock$108,654$69,021
 Family Median Income$121,681  Unlock$85,028
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 Est. Households By Income
 Beverly, MALake Ridge, VAUnited States
 Income Less Than 15K  Unlock2.8%9.4%
 Income between 15K and 20K4.7%  Unlock3.8%
 Income between 20K and 30K  Unlock4.0%8.1%
 Income between 30K and 40K4.5%  Unlock8.0%
 Income between 40K and 50K  Unlock3.7%7.6%
 Income between 50K and 60K5.0%  Unlock7.2%
 Income between 60K and 75K  Unlock6.9%9.6%
 Income between 75K and 100K13.1%  Unlock12.8%
 Income between 100K and 150K  Unlock27.7%16.3%
 Income between 150K and 200K10.4%  Unlock7.8%
 Income greater than 200K  Unlock15.1%9.5%
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 Population By Occupation
 Beverly, MALake Ridge, VAUnited States
 Management, business, finance21.4%  Unlock16.4%
 Engineering, computers, science  Unlock10.8%6.5%
 Community, social services2.0%  Unlock1.8%
 Legal  Unlock1.3%1.2%
 Education, library10.3%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock2.1%2.0%
 Healthcare practitioners and technology6.4%  Unlock6.2%
 Healthcare support  Unlock2.2%3.3%
 Firefighters, law enforcement1.8%  Unlock2.1%
 Food preparation, serving  Unlock4.4%5.4%
 Building maintenance3.3%  Unlock3.6%
 Personal care  Unlock3.8%2.6%
 Sales, office, administrative support19.6%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.1%0.6%
 Construction, extraction, maintenance/repair3.9%  Unlock8.1%
 Production, transportation, material moving  Unlock7.2%13.1%
Reviews for Beverly    4 Reviews

Over 5 years ago

On 3 different occasions I have lived here, each time it wasn't my first choice. My opinion has not changed, but gotten worse. First, the cost of living is not accurate  More

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Over 10 years ago

Although Beverly is beautiful, the cost of living is high. to get a good job, you need to commute into Boston which is expensive. As long as you have the money, great  More

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Over 11 years ago

I have lived in Beverly for almost 5 years, and have loved every minute of it. The weather is pleasant, but you have to love winters. It's actually not much colder  More

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Reviews for Lake Ridge    3 Reviews

Over 11 years ago

The cost of living in this area is outright ridiculous. I can't wait to move. There is a lot of crime. There is a lot of traffic. The people drive like they are the  More

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Over 13 years ago

Nothing  More

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Over 19 years ago

The cost of living in Lake Ridge is quite high though not as high as the Washington DC area. Washington is about 30 miles from Lake Ridge and easily accessible by  More

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