States › Massachusetts › Beverly

Is Beverly, MA expensive to live in?

OKRent takes 28 cents of every $1 people earn here.
🏠 Rent per month (2026)$2,65751% higher than U.S. average
💵 Families earn per year (2026)$114,368about $9,531/month · 31% higher than U.S. average
🔑 House price$650,30095% higher than U.S. average

Rent is higher than in 89% of U.S. cities. A typical house costs about 5.7 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $106,280 a year. That is $51 an hour at a full-time job.

Is rent cheaper than other Massachusetts cities?

No. Rent here is more expensive than in most of Massachusetts. It is number 87 of 123 cities from cheapest to most expensive.

Beverly
$2,657
Woburn
$2,713
Pittsfield
$1,591
Fitchburg
$2,166
Marlborough
$2,552
Leominster
$1,989
Salem
$2,459

How much do households earn in Beverly?

Under $25k
13.7%
$25k–50k
12.1%
$50k–100k
26.3%
$100k–150k
21.5%
$150k+
22.3%

Share of households by yearly income. 43.7% of households earn $100,000 or more.

Rent by apartment size in Beverly

SizeBeverlyU.S. average
Studio$950$1,338
1 bedroom$1,675$1,324
2 bedrooms$2,343$1,509
3 bedrooms$1,922$1,698
4 bedrooms$1,780$2,098

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Beverly overall?

Everyday prices in Massachusetts overall are 6% above the U.S. average (index 105.8, U.S. = 100).

Housing
128
Goods (food, clothes…)
99
Utilities
152
Other services
103
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Beverly, so the Massachusetts figure is shown.

Taxes and bills in Beverly

🏛️ Property tax$6,836a year · 1.05% of home value · U.S. $3,119
⚡ Electric bill$164a month (typical) · U.S. $156

Life in Beverly

Commute to work30 minU.S.: 26.4 min
College degree53.4%U.S.: 35.7%
Own their home60.1%U.S.: 65.2%
Below poverty line9.4%U.S.: 12.5%
Unemployment4.4%U.S.: 5.2%

Is it cheaper to rent or buy in Beverly?

Renting is cheaper right now: about $1,855 a month less.

Renting
$2,657
Owning
$4,512

Owning assumes a typical $650,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $65,030 for the down payment.

Frequently asked questions

What is the average rent in Beverly, MA?

Renting in Beverly costs a median of about $2,657 a month in 2026, including utilities. The Massachusetts median is $2,331.

How much do I need to make to live in Beverly?

To keep rent under 30% of income, you need about $106,280 a year, or $51 an hour at a full-time job.

Is Beverly cheap or expensive?

Beverly is rated OK: rent takes 27.9% of the typical household income of $114,368. It ranks 87th cheapest of 123 Massachusetts cities we track.

How much are property taxes in Beverly?

The median homeowner in Beverly pays $6,836 a year in property taxes, about 1.05% of the median home value.

Is Beverly more expensive than the national average?

Overall prices in Massachusetts are 6% above the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Beverly?

The median home value in Beverly is $650,300, about 5.7 times the typical yearly household income.

42,665 people live in Beverly. Numbers are typical (middle) values.