Andover, MA Cost Of Living
Cost Of Living In Andover, MA Summary
Cost of living in Andover 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 Andover 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 Andover is 159, with 100 being the average.
The cost of living index in Andover is 1.6x higher than the national average.
Andover ranks as the #80 cheapest in Massachusetts out of 112.
Andover ranks as the #5,877 cheapest out of 6,489 in the US.
The median home value in Andover is $980,273.
The median income in Andover is $127,054.
Table Of Contents
Andover's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Andover, MA?
According to the most recent data on the cost of living, Andover has an overall cost of living index of 159, which is 1.6x higher than the national index of 100.
Compared to Massachusetts, Andover has a cost of living index that's 1.2x higher than Massachusetts's index of 134.
The standard of living in Andover ranks as #80 most affordable out of the 112 places we measured in Massachusetts. By definition, that implies Andover ranks as the #32 most expensive place in the Bay State.
For more reading on life in Andover, check out:
In Massachusetts
In America
Andover Cost Of Living Vs. Massachusetts
Six factors go into calculating the cost of living index in Andover. Here is how it fairs on each of the criteria:
The Services index in Andover is 120.
The Groceries index in Andover is 103.
The Health index in Andover is 113.
The Housing index in Andover is 261.
The Transportation index in Andover is 119.
The Utilities index in Andover is 132.
| Living Expense | Andover | Massachusetts | National Average | |
|---|---|---|---|---|
| Overall | 159 | 134 | 100 | |
| Services | 120 | 121 | 100 | |
| Groceries | 103 | 106 | 100 | |
| Health | 113 | 112 | 100 | |
| Housing | 261 | 164 | 100 | |
| Transportation | 119 | 120 | 100 | |
| Utilities | 132 | 136 | 100 | |
Andover, 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 2019-2023. The key points are:
The Median Home Value in Andover is $980,273.
The Median Rent in Andover is $1,422.
The Median Income in Andover is $127,054.
The Home Value To Income in Andover is 7.7x.
The Rent To Monthly Income in Andover is 0.13x.
| Statistic | Andover | Massachusetts | United States |
|---|---|---|---|
| Median Home Value | $980,273 | $649,115 | $303,400 |
| Median Rent | $1,422 | $1,687 | $1,348 |
| Median Income | $127,054 | $101,341 | $78,538 |
| Home Value To Income | 7.7x | 6.4x | 3.9x |
| Rent To Monthly Income | 0.13x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Andover, MA Costs By Category
Detailed Andover Services Costs Vs. Massachusetts
| Item | Andover | Massachusetts |
|---|---|---|
| Shampoo | $1.49 | $1.28 |
| Movie | $15.49 | $12.13 |
| Bowling | $29.33 | $18 |
| Haircut | $43.72 | $24.26 |
| Beauty Salon | $65.56 | $45.56 |
Detailed Andover Groceries Costs Vs. Massachusetts
| Item | Andover | Massachusetts |
|---|---|---|
| Ground Beef | $5.48 | $5.84 |
| Fried Chicken | $1.45 | $1.57 |
| Milk | $4.76 | $4.67 |
| Potatoes | $4.99 | $4.93 |
| Pizza | $12.52 | $12.09 |
| Beer | $10.21 | $10.41 |
| Toothpaste | $3.53 | $3.7 |
Detailed Andover Health Costs Vs. Massachusetts
| Item | Andover | Massachusetts |
|---|---|---|
| Optometrist | $123.17 | $125.68 |
| Doctor | $157.89 | $135.78 |
| Dentist | $149.22 | $113.29 |
Detailed Andover Transportation Costs Vs. Massachusetts
| Item | Andover | Massachusetts |
|---|---|---|
| Gasoline | $3.43 | $3.46 |
| Tire Balancing | $97.39 | $59.92 |
Detailed Andover Utilities Costs Vs. Massachusetts
| Item | Andover | Massachusetts |
|---|---|---|
| All Electricity | $302.72 | $193.99 |
| Phone | $187.85 | $192.25 |
Andover SnackAbility
/10
Cost Of Living In Cities Around Andover
The cost of living varies in the cities and towns around Andover. Here's a quick look at the cost of living in the most populous nearby places:
Lowell, MA has a cost of living index of 129, 0.8x Andover.
Lawrence, MA has a cost of living index of 129, 0.8x Andover.
Haverhill, MA has a cost of living index of 131, 0.8x Andover.
| City | Population | Cost Of Living | Vs. Andover |
|---|---|---|---|
| Lowell, MA | 114,799 | 129 | 0.8x |
| Lawrence, MA | 88,297 | 129 | 0.8x |
| Haverhill, MA | 67,387 | 131 | 0.8x |
| Arlington, MA | 46,015 | 179 | 1.1x |
| Lexington, MA | 34,085 | 211 | 1.3x |
| Melrose, MA | 29,488 | 166 | 1.0x |
| Belmont, MA | 27,009 | 204 | 1.3x |
| Reading, MA | 25,448 | 164 | 1.0x |
| Wilmington, MA | 23,195 | 161 | 1.0x |
| Winchester, MA | 22,862 | 212 | 1.3x |
