Housing costs in Hanover?
A typical home costs
$696,300, which is 105.9% more expensive than the national average of
$338,100 and 24.9% more expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Hanover costs
$2,180 per month, which is 52.4% more than the national average of
$1,430 and close to the state average of
$2,140.
Can I afford Hanover?
To live comfortably in Hanover, Massachusetts, a minimum annual income of
$133,560 for a family, and
$70,000 for a single person is recommended.
What does A.I. say about Hanover?
The cost of living in Hanover, MA is slightly higher than the national average. The median home cost in Hanover is $388,500 and the median rent is $1700 per month. Utilities are also on the high side, with electricity averaging between $0.1104 and $0.1322 per kilowatt-hour depending on usage. Despite its relatively high cost of living, Hanover offers a wide variety of amenities including excellent public schools, plenty of recreational activities like hiking and biking trails, and easy access to Boston via Route 3.