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 117, with 100 being the average.
The cost of living index in Haverhill is 1.2x higher than the national average.
Haverhill ranks as the #23 cheapest in Massachusetts out of 113.
Haverhill ranks as the #4,628 cheapest out of 6,412 in the US.
The median home value in Haverhill is $347,000.
The median income in Haverhill is $75,130.
According to the most recent data on the cost of living, Haverhill has an overall cost of living index of 117, which is 1.2x higher than the national index of 100.
Compared to Massachusetts, Haverhill has a cost of living index that's 0.8x lower than Massachusetts's index of 143.
The standard of living in Haverhill ranks as #23 most affordable out of the 113 places we measured in Massachusetts. By definition, that implies Haverhill ranks as the #90 most expensive place in the Bay State.
For more reading on life in Haverhill, check out:
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 111.
The Groceries index in Haverhill is 101.
The Health index in Haverhill is 114.
The Housing index in Haverhill is 136.
The Transportation index in Haverhill is 97.
The Utilities index in Haverhill is 111.
|Living Expense||Haverhill||Massachusetts||National Average|
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 Haverhill is $347,000.
The Median Rent in Haverhill is $1,328.
The Median Income in Haverhill is $75,130.
The Home Value To Income in Haverhill is 4.6x.
The Rent To Monthly Income in Haverhill is 0.21x.
|Median Home Value||$347,000||$424,700||$244,900|
|Home Value To Income||4.6x||4.8x||3.5x|
|Rent To Monthly Income||0.21x||0.19x||0.2x|
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 120, 1.0x Haverhill.
Peabody, MA has a cost of living index of 137, 1.2x Haverhill.
Beverly, MA has a cost of living index of 139, 1.2x Haverhill.
|City||Population||Cost Of Living||Vs. Haverhill|