Cost of Living in Beverly, MA
Population: 42,408 • 2026 Data
$103,739
Median Household Income
+34% vs national
$1,683
Median Monthly Rent
+25% vs national
$621,900
Median Home Value
+83% vs national
3.6%
Unemployment Rate
Housing in Beverly
The median home value in Beverly, MA is $621,900. Monthly rent for a typical unit averages $1,683, while total monthly housing costs (including utilities and insurance) average $2,095.
Rent-to-income ratio: 19.5%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Beverly, MA is $103,739. The unemployment rate stands at 3.6%, with a labor force of 24,084 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.