Haverhill, MA Cost Of Living
Cost Of Living In Haverhill, MA Summary
Cost of living in Haverhill 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 Haverhill 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 Haverhill is 131, with 100 being the average.
The cost of living index in Haverhill is 1.3x higher than the national average.
Haverhill ranks as the #40 cheapest in Massachusetts out of 112.
Haverhill ranks as the #5,035 cheapest out of 6,489 in the US.
The median home value in Haverhill is $535,559.
The median income in Haverhill is $87,675.
Table Of Contents
Haverhill's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Haverhill, MA?
According to the most recent data on the cost of living, Haverhill has an overall cost of living index of 131, which is 1.3x higher than the national index of 100.
Compared to Massachusetts, Haverhill has a cost of living index that's 1.0x lower than Massachusetts's index of 134.
The standard of living in Haverhill ranks as #40 most affordable out of the 112 places we measured in Massachusetts. By definition, that implies Haverhill ranks as the #72 most expensive place in the Bay State.
For more reading on life in Haverhill, check out:
In Massachusetts
In America
Haverhill Cost Of Living Vs. Massachusetts
Six factors go into calculating the cost of living index in Haverhill. Here is how it fairs on each of the criteria:
The Services index in Haverhill is 120.
The Groceries index in Haverhill is 104.
The Health index in Haverhill is 114.
The Housing index in Haverhill is 161.
The Transportation index in Haverhill is 110.
The Utilities index in Haverhill is 132.
| Living Expense | Haverhill | Massachusetts | National Average | |
|---|---|---|---|---|
| Overall | 131 | 134 | 100 | |
| Services | 120 | 121 | 100 | |
| Groceries | 104 | 106 | 100 | |
| Health | 114 | 112 | 100 | |
| Housing | 161 | 164 | 100 | |
| Transportation | 110 | 120 | 100 | |
| Utilities | 132 | 136 | 100 | |
Haverhill, 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 Haverhill is $535,559.
The Median Rent in Haverhill is $1,620.
The Median Income in Haverhill is $87,675.
The Home Value To Income in Haverhill is 6.1x.
The Rent To Monthly Income in Haverhill is 0.22x.
| Statistic | Haverhill | Massachusetts | United States |
|---|---|---|---|
| Median Home Value | $535,559 | $649,115 | $303,400 |
| Median Rent | $1,620 | $1,687 | $1,348 |
| Median Income | $87,675 | $101,341 | $78,538 |
| Home Value To Income | 6.1x | 6.4x | 3.9x |
| Rent To Monthly Income | 0.22x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Haverhill, MA Costs By Category
Detailed Haverhill Services Costs Vs. Massachusetts
| Item | Haverhill | Massachusetts |
|---|---|---|
| Shampoo | $1.25 | $1.28 |
| Movie | $13.07 | $12.13 |
| Bowling | $25.44 | $18 |
| Haircut | $26.58 | $24.26 |
| Beauty Salon | $67.97 | $45.56 |
Detailed Haverhill Groceries Costs Vs. Massachusetts
| Item | Haverhill | Massachusetts |
|---|---|---|
| Ground Beef | $5.47 | $5.84 |
| Fried Chicken | $1.44 | $1.57 |
| Milk | $4.75 | $4.67 |
| Potatoes | $5.01 | $4.93 |
| Pizza | $11.66 | $12.09 |
| Beer | $9.82 | $10.41 |
| Toothpaste | $3.73 | $3.7 |
Detailed Haverhill Health Costs Vs. Massachusetts
| Item | Haverhill | Massachusetts |
|---|---|---|
| Optometrist | $115.0 | $125.68 |
| Doctor | $164.0 | $135.78 |
| Dentist | $136.17 | $113.29 |
Detailed Haverhill Transportation Costs Vs. Massachusetts
| Item | Haverhill | Massachusetts |
|---|---|---|
| Gasoline | $3.33 | $3.46 |
| Tire Balancing | $86.0 | $59.92 |
Detailed Haverhill Utilities Costs Vs. Massachusetts
| Item | Haverhill | Massachusetts |
|---|---|---|
| All Electricity | $294.4 | $193.99 |
| Phone | $186.72 | $192.25 |
Haverhill SnackAbility
/10
Cost Of Living In Cities Around Haverhill
The cost of living varies in the cities and towns around Haverhill. Here's a quick look at the cost of living in the most populous nearby places:
Lawrence, MA has a cost of living index of 129, 1.0x Haverhill.
Peabody, MA has a cost of living index of 146, 1.1x Haverhill.
Beverly, MA has a cost of living index of 149, 1.1x Haverhill.
| City | Population | Cost Of Living | Vs. Haverhill |
|---|---|---|---|
| Lawrence, MA | 88,297 | 129 | 1.0x |
| Peabody, MA | 54,180 | 146 | 1.1x |
| Beverly, MA | 42,408 | 149 | 1.1x |
| Danvers, MA | 27,924 | 148 | 1.1x |
| Wakefield, MA | 27,284 | 163 | 1.2x |
| Reading, MA | 25,448 | 164 | 1.3x |
| Wilmington, MA | 23,195 | 161 | 1.2x |
| Derry, NH | 21,668 | 121 | 0.9x |
| Newburyport, MA | 18,444 | 161 | 1.2x |
| Lynnfield, MA | 12,964 | 182 | 1.4x |
