Cost Of Living in Andover, MA

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Andover	Massachusetts	National
Cost of living	161	133	100
Goods & Services	122	122	100
Groceries	105	105	100
Health care	113	113	100
Housing	260	165	100
Transportation	118	118	100
Utilities	134	134	100

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Cost Of Living Quick Facts

The cost of living in Andover is 21% higher than the Massachusetts average
The cost of living in Andover is 61% higher than the national average
Andover housing is 160% higher than the national average
Massachusetts general sales tax is 22% higher than the national average
Massachusetts state income tax is 93% higher than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$159,438	$13,287	$3,720	$4,784
Renters	$43,199	$3,600	$1,008	$1,296

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Andover, MA, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Andover homeowners, is $159,438. This would allow for a maximum of $3,720 per month to be spent on housing costs. For renters, the median monthly income is $43,199 which would result in a maximum of $1,008 to be spent on rental costs.

Massachusetts Sales Tax

State	General Sales Tax	With Max Surtax
Massachusetts	6.25%	6.25%

Massachusetts Income Tax

State	Income Tax (Low)	Income Tax (High)
Massachusetts	5%	9%

Goods & Services

Item	Andover	National avg.	Difference
Haircut	$43.72	$24.26	80.2%
Beauty Salon	$65.56	$45.56	43.9%
Toothpaste	$3.53	$3.70	4.7%
Shampoo	$1.49	$1.28	16.4%
Movie	$15.49	$12.13	27.6%
Bowling	$29.33	$18.00	63.0%

Groceries

Item	Andover	National avg.	Difference
Ground Beef	$5.48	$5.84	6.2%
Fried Chicken	$1.45	$1.57	8.0%
Milk	$4.76	$4.67	1.9%
Potatoes	$4.99	$4.93	1.1%
Pizza	$12.52	$12.09	3.6%
Beer	$10.21	$10.41	1.9%

Health Care

Item	Andover	National avg.	Difference
Optometrist	$123.17	$125.68	2.0%
Doctor	$157.89	$135.78	16.3%
Dentist	$149.22	$113.29	31.7%
Ibuprofen	$11.39	$10.65	6.9%
Lipitor	$384.69	$468.60	17.9%

Housing

Item	Andover	National avg.	Difference
Home Price	$597,500.00	$184,700.00	223.5%
Avg. Mortgage Payment	$4,745.89	$2,346.69	102.2%
Apartment Rent	$1,063.00	$949.00	12.0%

Transportation

Item	Andover	National avg.	Difference
Gasoline	$3.43	$3.46	0.9%
Tire Balancing	$97.39	$59.92	62.5%

Utilities

Item	Andover	National avg.	Difference
All Electricity	$302.72	$193.99	56.0%
Phone	$187.85	$192.25	2.3%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Hudson, NH	7,230	120	20.2%
Lawrence, MA	80,022	127	26.7%
Lowell, MA	111,311	128	27.6%
Haverhill, MA	63,783	129	29.4%
Amesbury Town, MA	17,474	133	32.7%
Andover, MA	8,821	161	61.5%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Oak Grove, MN	8,819	115	14.8%
Fort Polk South, LA	8,823	99	1.5%
Winchester, TN	8,818	92	7.8%
Gulf Hills, MS	8,824	93	7.1%
Fort Valley, GA	8,817	82	17.6%
Andover, MA	8,821	161	61.5%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Andover, MA