Housing costs in Danvers?
A typical home costs
$575,900, which is 70.3% more expensive than the national average of
$338,100 and 3.3% more expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Danvers 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 Danvers?
To live comfortably in Danvers (zip 01923), Massachusetts, a minimum annual income of
$110,520 for a family, and
$79,600 for a single person is recommended.
What does A.I. say about Danvers?
Living in Danvers, MA can be quite expensive as the cost of living is well above the national average. Rent for a one-bedroom apartment costs an average of $1,690 per month, which is more than twice the national average. Utilities are also higher than average at around $170 per month. Groceries and general items are also more expensive compared to other parts of the country. The median home value is around $412,000 and property taxes for a single family home averaged at about $6,500 annually. All in all, it’s costly to live in Danvers but many people enjoy the area due to its thriving economy and strong job market.