Living in Beverly, Massachusetts
Cost of living, income, home prices, rent and demographics of Beverly · Census data 2020–2024
Beverly has 42,665 residents with a median age of 39. The median household income is $106,044 (about the same as the Massachusetts median), the median home value is $650,300, the median rent is $1,771/month.
Beverly at a glance
- Population
- 42,665
- Median age
- 39State: 40
- Median household income
- $106,044State: $103,960
- Median home value
- $650,300State: $562,100
- Median rent
- $1,771/moState: $1,762
- Homeowners
- 60.1%
- Bachelor's degree or higher
- 53.4%
- Average commute
- 30 min
Is Beverly a good place to live?
Pros: Median household income about the same as the Massachusetts median; unemployment of 4.4%; a poverty rate of 9.4%.
Cons: Home values 16% higher than the state median; an average commute of 30 minutes.
The weather is best in June to September.
Cost of living in Beverly
Housing is the biggest part of the cost of living. In Beverly the median home value is $650,300, 95% higher than the U.S. median. Renters pay a median of $1,771 per month, which is 31.8% of household income. Homeowners with a mortgage pay $3,023 a month in housing costs.
Beverly median household income
The median household income in Beverly is $106,044 and the income per person is $56,531. 9.4% of residents live below the poverty line (Massachusetts: 10%).
Housing in Beverly: homes for sale and rent
- Housing units
- 17,630
- Owner-occupied
- 60.1%
- Renter-occupied
- 39.9%
- Vacant
- 3.7%Includes seasonal homes
- Median year built
- 1956
- Average household size
- 2.30
Beverly demographics
- Population
- 42,665
- Median age
- 39
- Under 18
- 18.5%
- 65 and older
- 19.4%
- Households
- 16,980
- Foreign-born
- 9.3%
- Veterans
- 4.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Beverly ›
Education in Beverly
53.4% of adults 25 and older in Beverly have a bachelor's degree or higher (Massachusetts: 47.3%), and 19.5% have a graduate or professional degree.
Jobs and commute in Beverly
- Unemployment rate
- 4.4%State: 5.2%
- Average commute
- 30 minState: 29 min
- Work from home
- 22.3%
- Drive alone
- 60.6%
- Public transit
- 5.3%
- Walk to work
- 4.7%
- Homes with broadband
- 92.3%
Beverly vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Beverly | 42,665 | $106,044 | $650,300 | $1,771 |
| Manchester-by-the-Sea | 5,403 | $206,389 | $942,000 | $1,811 |
| Wenham | 4,929 | $194,781 | $885,400 | — |
| Marblehead | 20,413 | $182,132 | $943,900 | $1,764 |
| Salem | 44,795 | $85,153 | $542,800 | $1,836 |
| Hamilton | 7,600 | $129,833 | $720,000 | $1,794 |
| Danvers | 28,098 | $125,395 | $644,200 | $2,076 |
| Peabody | 54,695 | $96,657 | $596,200 | $1,950 |
| Swampscott | 15,277 | $134,386 | $771,100 | $2,303 |
More for people moving to Beverly
Beverly ZIP code ›Weather and climate ›Living in Beverly: FAQ
What is the median household income in Beverly, MA?
The median household income in Beverly is $106,044, about the same as the Massachusetts median of $103,960 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Beverly?
The median home value in Beverly is $650,300, compared with $562,100 in Massachusetts.
How much is rent in Beverly?
The median gross rent in Beverly is $1,771 per month, about 31.8% of household income.
Is Beverly, MA a good place to live?
Pluses: median household income about the same as the Massachusetts median; unemployment of 4.4%; a poverty rate of 9.4%. Minuses: home values 16% higher than the state median; an average commute of 30 minutes.
What is the median age in Beverly?
The median age in Beverly is 39 years (Massachusetts: 40).
How long is the commute in Beverly?
The average commute to work in Beverly is 30 minutes; 22.3% of workers work from home.
What is the unemployment rate in Beverly?
The unemployment rate in Beverly is 4.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Beverly?
53.4% of adults in Beverly have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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