Housing costs in Andover?
A typical home costs
$832,300, which is 146.2% more expensive than the national average of
$338,100 and 49.3% more expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Andover costs
$2,410 per month, which is 68.5% more than the national average of
$1,430 and 11.2% more than the state average of
$2,140.
Can I afford Andover?
To live comfortably in Andover (zip 01810), Massachusetts, a minimum annual income of
$159,480 for a family, and
$79,200 for a single person is recommended.
What does A.I. say about Andover?
The cost of living in Andover, MA (01810) is higher than the national average. According to Best Places, the cost of living index for 01810 is 121.6, which is 21.6% higher than the U.S. average of 100. Housing costs are especially high, with an index score of 281 which is 81% higher than the U.S. average of 160; and utilities cost 46% more than the U.S. average of 118. Groceries are slightly higher than average with an index score of 111 compared to 100 for the United States as a whole, but overall still within a reasonable range for most people to manage their household budgets well enough to cover all monthly expenses without going into debt or struggling financially each month to pay bills on time.