Cost of Living in Danvers, MA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
195.0
100 = national avg
+95.0 vs national average
Living Wage (1 Adult)
$85,795
per year
Living Wage (Family of 4)
$202,788
per year
Cost Index by Category
Housing261.8
Food139.5
Transportation179.0
Healthcare131.6
Utilities156.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$2,476
per month
2 Bedroom
$2,941
per month
The overall cost of living index in Danvers is 195.0, which is 95.0% above the national average. Housing costs are above the national average at an index of 261.8. A single adult needs to earn approximately $85,795 per year to cover basic expenses.