Housing costs in Danvers?
A typical home costs
$654,100, which is 93.5% more expensive than the national average of
$338,100 and 17.4% more expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Danvers costs
$2,230 per month, which is 55.9% more than the national average of
$1,430 and 4.0% more than the state average of
$2,140.
Can I afford Danvers?
To live comfortably in Danvers (zip 01937), Massachusetts, a minimum annual income of
$125,280 for a family, and
$73,200 for a single person is recommended.
What does A.I. say about Danvers?
The cost of living in 01937 Danvers, MA is quite expensive. The median home value in the area is around $449,000, which is significantly higher than the national average. In addition to high housing costs, food and transportation can also be pricey due to the area's close proximity to Boston. Utility prices are comparable to other parts of the state and country while taxes are slightly higher than average. Though it can be more costly to live in Danvers compared to other places, its excellent school system and close proximity to local attractions make up for the extra expense.