Housing costs in North Andover?
A typical home costs
$696,700, which is 106.1% more expensive than the national average of
$338,100 and 25.0% more expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in North Andover costs
$2,340 per month, which is 63.6% more than the national average of
$1,430 and 8.5% more than the state average of
$2,140.
Can I afford North Andover?
To live comfortably in North Andover (zip 01845), Massachusetts, a minimum annual income of
$133,560 for a family, and
$76,800 for a single person is recommended.
What does A.I. say about North Andover?
The cost of living in 01845 North Andover, MA is quite affordable. The median home value is $510,400, which is lower than the national average. The median household income is also slightly lower than the average for Massachusetts at $113,917. However, the cost of living in this town remains low due to its proximity to Boston and a variety of local amenities. Residents can find many reasonably priced restaurants, shops, and services in the area. Additionally, it's home to several colleges and universities that offer students quality education at reasonable prices. All in all, North Andover offers residents an affordable place to call home without sacrificing quality of life.