Beverly, MA Cost Of Living
Cost Of Living In Beverly, MA Summary
Cost of living in Beverly research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Beverly is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Massachusetts, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Beverly is 139, with 100 being the average.
The cost of living index in Beverly is 1.4x higher than the national average.
Beverly ranks as the #69 cheapest in Massachusetts out of 113.
Beverly ranks as the #5,546 cheapest out of 6,412 in the US.
The median home value in Beverly is $485,800.
The median income in Beverly is $89,882.
Table Of Contents
Beverly's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Beverly, MA?
According to the most recent data on the cost of living, Beverly has an overall cost of living index of 139, which is 1.4x higher than the national index of 100.
Compared to Massachusetts, Beverly has a cost of living index that's 1.0x lower than Massachusetts's index of 143.
The standard of living in Beverly ranks as #69 most affordable out of the 113 places we measured in Massachusetts. By definition, that implies Beverly ranks as the #44 most expensive place in the Bay State.
For more reading on life in Beverly, check out:
- Living In Beverly
- Beverly Crime Report
- Search Homes For Sale In Beverly, MA
In Massachusetts
In America
Beverly Cost Of Living Vs. Massachusetts
Six factors go into calculating the cost of living index in Beverly. Here is how it fairs on each of the criteria:
The Services index in Beverly is 125.
The Groceries index in Beverly is 115.
The Health index in Beverly is 120.
The Housing index in Beverly is 179.
The Transportation index in Beverly is 109.
The Utilities index in Beverly is 123.
| Living Expense | Beverly | Massachusetts | National Average | |
|---|---|---|---|---|
| Overall | 139 | 143 | 100 | |
| Services | 125 | 126 | 100 | |
| Groceries | 115 | 108 | 100 | |
| Health | 120 | 117 | 100 | |
| Housing | 179 | 202 | 100 | |
| Transportation | 109 | 114 | 100 | |
| Utilities | 123 | 123 | 100 | |
Beverly, MA Housing Cost Breakdown
Housing swings affordability the most between places in Massachusetts, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Beverly is $485,800.
The Median Rent in Beverly is $1,439.
The Median Income in Beverly is $89,882.
The Home Value To Income in Beverly is 5.4x.
The Rent To Monthly Income in Beverly is 0.19x.
| Statistic | Beverly | Massachusetts | United States |
|---|---|---|---|
| Median Home Value | $485,800 | $424,700 | $244,900 |
| Median Rent | $1,439 | $1,429 | $1,163 |
| Median Income | $89,882 | $89,026 | $69,021 |
| Home Value To Income | 5.4x | 4.8x | 3.5x |
| Rent To Monthly Income | 0.19x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Beverly, MA Costs By Category
Detailed Beverly Services Costs Vs. Massachusetts
| Item | Beverly | Massachusetts |
|---|---|---|
| Shampoo | $1.0 | $1.06 |
| Movie | $14.43 | $10.68 |
| Bowling | $21.0 | $14.67 |
| Haircut | $34.97 | $18.62 |
| Beauty Salon | $64.17 | $39.05 |
Detailed Beverly Groceries Costs Vs. Massachusetts
| Item | Beverly | Massachusetts |
|---|---|---|
| Ground Beef | $3.74 | $4.22 |
| Fried Chicken | $1.64 | $1.39 |
| Milk | $2.27 | $2.05 |
| Potatoes | $4.02 | $3.29 |
| Pizza | $11.16 | $10.62 |
| Beer | $9.29 | $9.38 |
| Toothpaste | $2.3 | $2.34 |
Detailed Beverly Health Costs Vs. Massachusetts
| Item | Beverly | Massachusetts |
|---|---|---|
| Optometrist | $102.75 | $108.57 |
| Doctor | $194.0 | $116.17 |
| Dentist | $108.27 | $99.13 |
Detailed Beverly Transportation Costs Vs. Massachusetts
| Item | Beverly | Massachusetts |
|---|---|---|
| Gasoline | $2.19 | $2.22 |
| Tire Balancing | $64.47 | $50.07 |
Detailed Beverly Utilities Costs Vs. Massachusetts
| Item | Beverly | Massachusetts |
|---|---|---|
| All Electricity | $233.87 | $167.67 |
| Phone | $181.11 | $175.64 |
Beverly SnackAbility
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Cost Of Living In Cities Around Beverly
The cost of living varies in the cities and towns around Beverly. Here's a quick look at the cost of living in the most populous nearby places:
Cambridge, MA has a cost of living index of 172, 1.2x Beverly.
Lynn, MA has a cost of living index of 126, 0.9x Beverly.
Peabody, MA has a cost of living index of 137, 1.0x Beverly.
| City | Population | Cost Of Living | Vs. Beverly |
|---|---|---|---|
| Cambridge, MA | 116,892 | 172 | 1.2x |
| Lynn, MA | 100,233 | 126 | 0.9x |
| Peabody, MA | 54,200 | 137 | 1.0x |
| Arlington, MA | 46,045 | 162 | 1.2x |
| Salem, MA | 44,452 | 132 | 0.9x |
| Gloucester, MA | 29,814 | 136 | 1.0x |
| Melrose, MA | 29,567 | 145 | 1.0x |
| Danvers, MA | 27,966 | 140 | 1.0x |
| Reading, MA | 25,483 | 152 | 1.1x |
| Winchester, MA | 22,875 | 190 | 1.4x |
