What is the median rent in Beverly?
The current dataset shows median rent in Beverly at $2,200.
Is Beverly, Massachusetts Affordable? Rent, Home Prices and Local Taxes
Short answer
Beverly is affordable only when median rent around $2,200, median home prices around $550,000, and local sales tax around 6.25% still fit the household budget after recurring costs are modeled together. The move becomes harder when one premium area or stretched ownership math is doing too much of the plan.
How expensive is Beverly compared with the kind of move most households model first?
Beverly should be judged through housing first, then through recurring local costs that make the monthly budget feel tighter or looser after the move. Beverly can look workable at a glance and still become harder once ownership goals, rent tolerance, and local tax drag are modeled together.
Quick cost snapshot for Beverly
- Beverly median rent: $2,200
- Beverly median home price: $550,000
- Beverly local sales tax: 6.25%
- Neighborhoods highlighted: 2 (Beverly Farms, Centerville)
- Median Rent: $2,200
- Median Home Price: $550,000
- Local Sales Tax: 6.25%
What usually drives the budget pressure in Beverly?
Beverly features a diverse economy with a blend of retail, healthcare, and education sectors. Housing prices reflect the city's coastal appeal, with median home prices significantly above the national average.
How should renters and buyers read the numbers in Beverly?
Renters should compare the city median with the actual neighborhoods on the shortlist, because Beverly can hide big area-to-area differences inside one city label. Buyers should model not only the purchase price in Beverly, but also recurring ownership costs, flexibility, and whether renting first reduces decision risk.
- Beverly can stay workable for renters when neighborhood expectations remain flexible.
- Beverly can become tougher for buyers when the preferred area sits above the city median.
- Beverly budget planning works best when rent, ownership, tax drag, and commute costs are modeled together.
When does Beverly stop making sense on cost alone?
Beverly stops making sense faster when a move depends on one premium neighborhood, a stretched ownership budget, or a salary assumption that has not been tested against recurring costs. Beverly should therefore be pressure-tested with a realistic monthly budget, not a top-line housing number only.
What should you open next if this page still looks promising?
- Read the housing market guide for Beverly because the monthly budget often changes when renting, buying, and property-tax exposure are compared together.
- Compare neighborhoods in Beverly because area choice often changes whether the city budget still works in practice.
- Check taxes in Beverly to add state tax context, local sales tax, and ownership-cost drag to the budget.
- Compare other Massachusetts cities if Beverly is still on the shortlist but not yet the final choice.
Key takeaways
- Beverly cost of living is mostly a housing story first and a recurring-cost story second.
- Beverly needs neighborhood-level budget math before the move becomes credible.
- The smartest Beverly budget decision compares rent-first flexibility against ownership pressure.
Sources & Methodology
How to read Beverly, Massachusetts responsibly
Page provenance
- Published: 2026-05-02
- Last reviewed: 2026-05-02
- Data last refreshed: 2026-05-02
- Author: John Doe
- Reviewer: Jane Smith
Methodology
Data was gathered from local real estate listings, city economic reports, and transportation schedules to provide a comprehensive overview of Beverly, Massachusetts.
Coverage and limits
This article covers key aspects of relocating to Beverly, Massachusetts, including cost of living, neighborhood options, and lifestyle considerations.
Source status
Editorially reviewed on 2026-05-02; volatile local details should be verified before acting.
Verify before acting
- Verify neighborhood, commute, school, and utility differences before choosing an address.
- Check the parent state tax rules and the city-level spending pattern together.
- Treat this page as shortlist screening, not as a substitute for local inspection.
Primary sources
What may change next
- Potential increase in local sales tax (effective 2024-01-01; Residents and business owners)
FAQ
What is the median home price in Beverly?
The current dataset shows median home price in Beverly at $550,000.
What tax signal should a mover watch in Beverly?
A mover should watch the local sales tax in Beverly, which is listed at 6.25% in the current dataset.
What should you compare after reading this city guide?
- Read the pros and cons guide for Beverly to weigh the strongest relocation advantages against the main caution points.
- Read the cost of living guide for Beverly to model rent, home prices, and monthly budget pressure.
- Read the housing market guide for Beverly to compare rent-first flexibility, ownership pressure, and neighborhood price tiers.
- Read the neighborhoods guide for Beverly to compare area fit, vibe differences, and price tiers before narrowing the move.
- Read the job market guide for Beverly to compare work fit, career logic, and commute tradeoffs.
- Read the school-fit guide for Beverly to connect family routine, neighborhood choice, and direct district-level verification.
- Read the taxes guide for Beverly to screen state tax context, local sales tax, and ownership-cost drag.
- Read the daily life guide for Beverly to test pace, routines, and the everyday feel behind the move.
- Read the full Massachusetts state guide to compare this city against the broader Massachusetts decision.
- Use the deeper Massachusetts decision guides for housing, jobs, schools, and daily life before locking the move.
- Read the Massachusetts best cities guide to compare Beverly with other leading cities in the same state.
- Use the city compare tool if Beverly is still competing with another shortlist city.
- Use the cost of living calculator if the move depends on salary, taxes, or monthly take-home math.