Cost of Living in Andover, MA

Population 36,465 · Massachusetts · Data vintage 2023

222
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Andover's housing market reflects its status as a high-earning metro: $814,000 for a typical home, 167% above the US median, paired with household incomes around $167,591 that put it in the upper third of the state.

Andover sits roughly 8 miles east of Lowell — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 106% higher than Lowell's $395,000.

Cost Overview

Housing 267
Rent 156

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Andover

The median home value in Andover is $813,800 — 167% above the national median of $305,000. Median rent runs $2,046/month, 56% higher than the national median of $1,314/month. The median household income of $167,591/year is 125% higher than the US median of $74,580. The local unemployment rate is 5.0%, above the national average of 4.8%. Massachusetts's top state income tax rate is 9.0% and the combined sales tax is 6.3%. The climate averages highs of 59.4°F and lows of 40.9°F. Overall, Andover has a cost of living index of 222 versus the US average of 100, meaning it is 122% more expensive.

🏠 Housing

Median Home Value
$813,800
167% above avg
Median Rent
$2,046/mo
56% above avg
Price-to-Rent Ratio
33.1x
Favors renting
Property Tax Rate
1.2%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$1,346
1 BR
$1,498
2 BR
$1,963
3 BR
$2,365
4 BR
$2,603
Owner-occupied 80.5%
Renter-occupied 19.5%

💰 Estimated Monthly Budget

Rent median rent
$2,046
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,660/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
29.6 min
10% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
27.2%

Commute Mode

Drove alone
61.5%
Carpooled
4.3%
Public transit
2.7%
Walked
3.2%
Work from home
27.2%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 9.0%
Total Sales Tax 6.3%
State rate 6.3%
Avg local rate 0.0%
Property Tax 1.2%

💼 Income & Employment

Median Household Income
$167,591
125% above avg
Per Capita Income
$82,177
Unemployment Rate
5.0%
5% above avg
Poverty Rate
3.5%
Labor Force Participation
55.2%

🎓 Education

Bachelor's degree+ 33.9%
Graduate degree 41.3%

👥 Demographics

Median Age 42.7
Male median age 42.8
Female median age 42.7

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
59.4°F
Avg Low
40.9°F
Annual Precip
40.9"
10° 30° 50° 70° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 353845586977838274625140
Low °F 192128384857636254433425
Precip" 2.862.443.423.603.393.993.483.043.754.103.523.32

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 44 — Good
66.6%
Good air days/yr
105
Max AQI recorded
204
PM2.5 days
160
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

95.2%
4-Year Graduation Rate
11.8:1
Student-teacher ratio
11
Public schools
7,447
Total enrollment

Frequently Asked Questions

What is the cost of living in Andover, MA?

Andover has a cost index of 222 (100 = national average). It is 122% above the national average.

What is average rent in Andover, MA?

The median gross rent in Andover is $2,046 per month based on 2023 Census data.

What is the average home price in Andover?

The median home value in Andover is $813,800 according to 2023 Census ACS data.

What is the median income in Andover?

The median household income in Andover is $167,591 per year (2023 ACS 5-year estimates).

What is the sales tax in Andover, MA?

The combined state and local sales tax rate in Andover is 6.3%. The Massachusetts state income tax top rate is 9.0%.

Is Andover, MA affordable?

Andover is above average in cost of living, with an index of 222 — about 122% higher than the national average.

What is the weather like in Andover?

Andover has average high temperatures of 59.4°F and average lows of 40.9°F. Annual precipitation is 40.9". Data from NOAA 1991–2020 Climate Normals.

Andover at a Glance

Population
36,465
Median Income
$167,591
Home Value
$813,800
Median Rent
$2,046/mo
Unemployment
5.0%
Avg High Temp
59.4°F
Sales Tax
6.3%
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