Living in Danvers, Massachusetts
Cost of living, income, home prices, rent and demographics of Danvers · Census data 2020–2024
Danvers has 28,098 residents with a median age of 45.3. The median household income is $125,395 (21% higher than the Massachusetts median), the median home value is $644,200, the median rent is $2,076/month.
Danvers at a glance
- Population
- 28,098
- Median age
- 45.3State: 40
- Median household income
- $125,395State: $103,960
- Median home value
- $644,200State: $562,100
- Median rent
- $2,076/moState: $1,762
- Homeowners
- 69.2%
- Bachelor's degree or higher
- 48.4%
- Average commute
- 28 min
Is Danvers a good place to live?
Pros: Median household income 21% higher than the Massachusetts median; an average commute of 28 minutes; unemployment of 4.7%; a poverty rate of 4.8%.
Cons: Home values 15% higher than the state median.
The weather is best in June to September.
Cost of living in Danvers
Housing is the biggest part of the cost of living. In Danvers the median home value is $644,200, 94% higher than the U.S. median. Renters pay a median of $2,076 per month, which is 29.3% of household income. Homeowners with a mortgage pay $2,817 a month in housing costs.
Danvers median household income
The median household income in Danvers is $125,395 and the income per person is $58,972. 4.8% of residents live below the poverty line (Massachusetts: 10%).
Housing in Danvers: homes for sale and rent
- Housing units
- 11,536
- Owner-occupied
- 69.2%
- Renter-occupied
- 30.8%
- Vacant
- 4.6%Includes seasonal homes
- Median year built
- 1963
- Average household size
- 2.49
Danvers demographics
- Population
- 28,098
- Median age
- 45.3
- Under 18
- 17.2%
- 65 and older
- 22.6%
- Households
- 11,005
- Foreign-born
- 9.1%
- Veterans
- 5.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Danvers ›
Education in Danvers
48.4% of adults 25 and older in Danvers have a bachelor's degree or higher (Massachusetts: 47.3%), and 17.7% have a graduate or professional degree.
Jobs and commute in Danvers
- Unemployment rate
- 4.7%State: 5.2%
- Average commute
- 28 minState: 29 min
- Work from home
- 19.3%
- Drive alone
- 70.3%
- Public transit
- 2.9%
- Walk to work
- 2.4%
- Homes with broadband
- 94.1%
Danvers vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Danvers | 28,098 | $125,395 | $644,200 | $2,076 |
| Peabody | 54,695 | $96,657 | $596,200 | $1,950 |
| Middleton | 9,816 | $167,402 | $742,700 | $1,407 |
| Wenham | 4,929 | $194,781 | $885,400 | — |
| Topsfield | 6,564 | $195,718 | $853,400 | $1,115 |
| Lynnfield | 13,064 | $175,265 | $917,600 | $2,676 |
| Beverly | 42,665 | $106,044 | $650,300 | $1,771 |
| Salem | 44,795 | $85,153 | $542,800 | $1,836 |
| Hamilton | 7,600 | $129,833 | $720,000 | $1,794 |
More for people moving to Danvers
Danvers ZIP code ›Weather and climate ›Living in Danvers: FAQ
What is the median household income in Danvers, MA?
The median household income in Danvers is $125,395, 21% higher than 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 Danvers?
The median home value in Danvers is $644,200, compared with $562,100 in Massachusetts.
How much is rent in Danvers?
The median gross rent in Danvers is $2,076 per month, about 29.3% of household income.
Is Danvers, MA a good place to live?
Pluses: median household income 21% higher than the Massachusetts median; an average commute of 28 minutes; unemployment of 4.7%; a poverty rate of 4.8%. Minuses: home values 15% higher than the state median.
What is the median age in Danvers?
The median age in Danvers is 45.3 years (Massachusetts: 40).
How long is the commute in Danvers?
The average commute to work in Danvers is 28 minutes; 19.3% of workers work from home.
What is the unemployment rate in Danvers?
The unemployment rate in Danvers is 4.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Danvers?
48.4% of adults in Danvers 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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