Cost of Living in Danvers, MA
Housing
The housing market plays a significant role in determining the cost of living in Danvers, MA.
- Housing Index: 140.0 / 100
- Median Home Price is: $551,000
- Average Rent (2 BR Apartment): $2800 per month
- Average Rent (2 BR House): $2850 per month
Analyzing the housing landscape in Danvers, MA, we see a housing index of 140.0, indicating that the city is more expensive than the national average. With a median home price of 551000, homeownership may be challenging for some families. Average rent for a 2-bedroom apartment is set at 2800, while a house commands slightly higher at 2850. It's vital to consider the cost of living in relation to income levels, as well as the local amenities and quality of life to make an informed decision about your potential move.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Danvers, MA.
- Electricity Price: $28.15 USD (median by state)
- Natural Gas Price: $21.62 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Danvers, MA could entail higher utility costs. Electricity costs sit at $28.15, while natural gas is priced at $21.62 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Danvers is a financially viable option for your relocation.