Cost of Living in Danvers, MA
Population: 27,924 • 2026 Data
$117,072
Median Household Income
+51% vs national
$2,004
Median Monthly Rent
+49% vs national
$611,200
Median Home Value
+80% vs national
5.7%
Unemployment Rate
Housing in Danvers
The median home value in Danvers, MA is $611,200. Monthly rent for a typical unit averages $2,004, while total monthly housing costs (including utilities and insurance) average $2,196.
Rent-to-income ratio: 20.5%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Danvers, MA is $117,072. The unemployment rate stands at 5.7%, with a labor force of 16,680 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.