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 148, which is 1.5x higher than the national index of 100.
Compared to Massachusetts, Beverly has a cost of living index that's 1.1x higher than Massachusetts's index of 130.
The standard of living in Beverly ranks as #72 most affordable out of the 113 places we measured in Massachusetts. By definition, that implies Beverly ranks as the #41 most expensive place in the Bay State.
For more reading on life in Beverly, check out:
Beverly Cost Of Living Vs. Massachusetts
Six factors go into calculating the cost of living index in Beverly. Here is how it fares on each of the criteria:
The Services index in Beverly is 111.
The Groceries index in Beverly is 112.
The Health index in Beverly is 220.
The Housing index in Beverly is 109.
The Transportation index in Beverly is 117.
The Utilities index in Beverly is 115.
| Living Expense | Beverly | Massachusetts | National Average |
|---|---|---|---|
| Overall | 148 | 130 | 100 |
| Services | 111 | 110 | 100 |
| Groceries | 112 | 115 | 100 |
| Health | 220 | 168 | 100 |
| Housing | 109 | 117 | 100 |
| Transportation | 117 | 115 | 100 |
| Utilities | 115 | 114 | 100 |
Beverly Cost Of Living Compared To Massachusetts Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Massachusetts, check out:
- Most Expensive Cities In Massachusetts
- Most Affordable Cities In Massachusetts
- Average Rent In Massachusetts
Source: Cost-of-living index 2026, normalized to US average = 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 2020-2024. The key points are:
The Median Home Value in Beverly is $755,766.
The Median Rent in Beverly is $1,771.
The Median Income in Beverly is $106,044.
The Home Value To Income in Beverly is 7.1x.
The Rent To Monthly Income in Beverly is 0.2x.
| Statistic | Beverly | Massachusetts | United States |
|---|---|---|---|
| Median Home Value | $755,766 | $656,690 | $332,700 |
| Median Rent | $1,771 | $1,762 | $1,413 |
| Median Income | $106,044 | $103,960 | $80,734 |
| Home Value To Income | 7.1x | 6.3x | 4.1x |
| Rent To Monthly Income | 0.2x | 0.2x | 0.21x |
Beverly, MA Costs By Category
Detailed Beverly Services costs vs. Massachusetts
| Item | Beverly | 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 Beverly Groceries costs vs. Massachusetts
| Item | Beverly | 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 Beverly Health costs vs. Massachusetts
| Item | Beverly | Massachusetts |
|---|---|---|
| Optometrist | $123.17 | $125.68 |
| Doctor | $157.89 | $135.78 |
| Dentist | $149.22 | $113.29 |
Detailed Beverly Transportation costs vs. Massachusetts
| Item | Beverly | Massachusetts |
|---|---|---|
| Gasoline | $3.43 | $3.46 |
| Tire Balancing | $97.39 | $59.92 |
Detailed Beverly Utilities costs vs. Massachusetts
| Item | Beverly | Massachusetts |
|---|---|---|
| All Electricity | $302.72 | $193.99 |
| Phone | $187.85 | $192.25 |
Beverly SnackAbility
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 204, 1.4x Beverly.
Lynn, MA has a cost of living index of 136, 0.9x Beverly.
Peabody, MA has a cost of living index of 142, 1.0x Beverly.
| City | Population | Cost Of Living | Vs. Beverly |
|---|---|---|---|
| Cambridge, MA | 118,796 | 204 | 1.4x |
| Lynn, MA | 101,709 | 136 | 0.9x |
| Peabody, MA | 54,695 | 142 | 1.0x |
| Arlington, MA | 46,350 | 173 | 1.2x |
| Salem, MA | 44,795 | 135 | 0.9x |
| Gloucester, MA | 30,075 | 140 | 0.9x |
| Melrose, MA | 29,650 | 167 | 1.1x |
| Danvers, MA | 28,098 | 145 | 1.0x |
| Reading, MA | 25,612 | 162 | 1.1x |
| Winchester, MA | 23,406 | 210 | 1.4x |
