Danvers, MA Cost Of Living
Cost Of Living In Danvers, MA Summary
Cost of living in Danvers 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 Danvers 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 Danvers is 148, with 100 being the average.
The cost of living index in Danvers is 1.5x higher than the national average.
Danvers ranks as the #66 cheapest in Massachusetts out of 112.
Danvers ranks as the #5,642 cheapest out of 6,489 in the US.
The median home value in Danvers is $721,646.
The median income in Danvers is $117,072.
Table Of Contents
Danvers's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Danvers, MA?
According to the most recent data on the cost of living, Danvers has an overall cost of living index of 148, which is 1.5x higher than the national index of 100.
Compared to Massachusetts, Danvers has a cost of living index that's 1.1x higher than Massachusetts's index of 134.
The standard of living in Danvers ranks as #66 most affordable out of the 112 places we measured in Massachusetts. By definition, that implies Danvers ranks as the #46 most expensive place in the Bay State.
For more reading on life in Danvers, check out:
In Massachusetts
In America
Danvers Cost Of Living Vs. Massachusetts
Six factors go into calculating the cost of living index in Danvers. Here is how it fairs on each of the criteria:
The Services index in Danvers is 123.
The Groceries index in Danvers is 105.
The Health index in Danvers is 114.
The Housing index in Danvers is 223.
The Transportation index in Danvers is 116.
The Utilities index in Danvers is 136.
| Living Expense | Danvers | Massachusetts | National Average | |
|---|---|---|---|---|
| Overall | 148 | 134 | 100 | |
| Services | 123 | 121 | 100 | |
| Groceries | 105 | 106 | 100 | |
| Health | 114 | 112 | 100 | |
| Housing | 223 | 164 | 100 | |
| Transportation | 116 | 120 | 100 | |
| Utilities | 136 | 136 | 100 | |
Danvers, 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 Danvers is $721,646.
The Median Rent in Danvers is $2,004.
The Median Income in Danvers is $117,072.
The Home Value To Income in Danvers is 6.2x.
The Rent To Monthly Income in Danvers is 0.21x.
| Statistic | Danvers | Massachusetts | United States |
|---|---|---|---|
| Median Home Value | $721,646 | $649,115 | $303,400 |
| Median Rent | $2,004 | $1,687 | $1,348 |
| Median Income | $117,072 | $101,341 | $78,538 |
| Home Value To Income | 6.2x | 6.4x | 3.9x |
| Rent To Monthly Income | 0.21x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Danvers, MA Costs By Category
Detailed Danvers Services Costs Vs. Massachusetts
| Item | Danvers | 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 Danvers Groceries Costs Vs. Massachusetts
| Item | Danvers | 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 Danvers Health Costs Vs. Massachusetts
| Item | Danvers | Massachusetts |
|---|---|---|
| Optometrist | $123.17 | $125.68 |
| Doctor | $157.89 | $135.78 |
| Dentist | $149.22 | $113.29 |
Detailed Danvers Transportation Costs Vs. Massachusetts
| Item | Danvers | Massachusetts |
|---|---|---|
| Gasoline | $3.43 | $3.46 |
| Tire Balancing | $97.39 | $59.92 |
Detailed Danvers Utilities Costs Vs. Massachusetts
| Item | Danvers | Massachusetts |
|---|---|---|
| All Electricity | $302.72 | $193.99 |
| Phone | $187.85 | $192.25 |
Danvers SnackAbility
/10
Cost Of Living In Cities Around Danvers
The cost of living varies in the cities and towns around Danvers. Here's a quick look at the cost of living in the most populous nearby places:
Lynn, MA has a cost of living index of 137, 0.9x Danvers.
Brookline, MA has a cost of living index of 221, 1.5x Danvers.
Peabody, MA has a cost of living index of 146, 1.0x Danvers.
| City | Population | Cost Of Living | Vs. Danvers |
|---|---|---|---|
| Lynn, MA | 100,905 | 137 | 0.9x |
| Brookline, MA | 62,822 | 221 | 1.5x |
| Peabody, MA | 54,180 | 146 | 1.0x |
| Arlington, MA | 46,015 | 179 | 1.2x |
| Salem, MA | 44,241 | 137 | 0.9x |
| Beverly, MA | 42,408 | 149 | 1.0x |
| Lexington, MA | 34,085 | 211 | 1.4x |
| Melrose, MA | 29,488 | 166 | 1.1x |
| Wakefield, MA | 27,284 | 163 | 1.1x |
| Belmont, MA | 27,009 | 204 | 1.4x |
