Cost of Living in North Andover, MA

Population 31,024 · Massachusetts · Data vintage 2023

196
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

North Andover's housing market reflects its status as a high-earning metro: $670,000 for a typical home, 120% above the US median, paired with household incomes around $134,319 that put it in the upper third of the state.

Geographically, North Andover sits roughly 12 miles east of Lowell. Median home values run roughly 70% higher than Lowell's $395,000.

Cost Overview

Housing 220
Rent 161

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

About the Cost of Living in North Andover

The median home value in North Andover is $670,000 — 120% above the national median of $305,000. Median rent runs $2,113/month, 61% higher than the national median of $1,314/month. The median household income of $134,319/year is 80% higher than the US median of $74,580. The local unemployment rate is 3.4%, below 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, North Andover has a cost of living index of 196 versus the US average of 100, meaning it is 96% more expensive.

🏠 Housing

Median Home Value
$670,000
120% above avg
Median Rent
$2,113/mo
61% above avg
Price-to-Rent Ratio
26.4x
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 69.9%
Renter-occupied 30.1%

💰 Estimated Monthly Budget

Rent median rent
$2,113
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,727/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
32.4 min
20% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
18.6%

Commute Mode

Drove alone
68.9%
Carpooled
5.1%
Public transit
2.5%
Walked
2.3%
Work from home
18.6%

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
$134,319
80% above avg
Per Capita Income
$66,594
Unemployment Rate
3.4%
29% below avg
Poverty Rate
7.7%
Labor Force Participation
54.4%

🎓 Education

Bachelor's degree+ 31.8%
Graduate degree 28.9%

👥 Demographics

Median Age 39.7
Male median age 37.1
Female median age 43.2

🌤 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

Frequently Asked Questions

What is the cost of living in North Andover, MA?

North Andover has a cost index of 196 (100 = national average). It is 96% above the national average.

What is average rent in North Andover, MA?

The median gross rent in North Andover is $2,113 per month based on 2023 Census data.

What is the average home price in North Andover?

The median home value in North Andover is $670,000 according to 2023 Census ACS data.

What is the median income in North Andover?

The median household income in North Andover is $134,319 per year (2023 ACS 5-year estimates).

What is the sales tax in North Andover, MA?

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

Is North Andover, MA affordable?

North Andover is above average in cost of living, with an index of 196 — about 96% higher than the national average.

What is the weather like in North Andover?

North 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.

North Andover at a Glance

Population
31,024
Median Income
$134,319
Home Value
$670,000
Median Rent
$2,113/mo
Unemployment
3.4%
Avg High Temp
59.4°F
Sales Tax
6.3%
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