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Cost of Living in Everett, MA

Population 50,045 · Census ACS 2020–2024 5-year estimates

Median rent$2,076
Median home value$610,000
Median household income$85,218

The median rent in Everett, MA is $2,076/month, 18% higher than the Massachusetts median and 47% higher than the U.S. median. The median home value is $610,000, 83% higher than the national median. Households earn a median of $85,218 a year, 18% lower than the state median.

Affordability

Rent as a share of median income: 29.2%
Income needed for median rent (30% rule): $83,040/yr
Home price-to-income ratio: 7.2×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $3,084/mo

Run your own numbers: mortgage calculator · hourly to salary

Everett vs. Massachusetts vs. U.S.

EverettMassachusettsU.S.
Median rent$2,076$1,762$1,413
Median home value$610,000$562,100$332,700
Median household income$85,218$103,960$80,734
Homeownership rate37.2%62.5%65.2%
Bachelor's degree or higher24.9%47.3%35.7%
Poverty rate14.7%10.0%12.5%
Unemployment rate5.5%5.2%5.2%
Work from home10.5%18.6%15.1%
Median age35.240.038.9

FAQ

What is the average rent in Everett, MA?

The median gross rent in Everett, MA is $2,076 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Everett, MA?

Using the common 30% rule, renting a median-priced home takes about $83,040 a year in gross income.

Is Everett, MA expensive to live in?

Rent there is 47% higher than the U.S. median, and the median home costs about 7.2 times the median household income.

Other cities in Massachusetts

Boston, MARent $2,147 · Income $97,344Worcester, MARent $1,487 · Income $70,102Springfield, MARent $1,144 · Income $52,656Cambridge, MARent $2,787 · Income $130,748Lowell, MARent $1,625 · Income $78,658Brockton, MARent $1,641 · Income $80,115

Cities with a similar cost of living

Pembroke Pines, FLRent $2,046 · Income $85,104Peekskill, NYRent $2,036 · Income $85,954Davie, FLRent $2,066 · Income $87,250Bay Point, CARent $2,063 · Income $82,565Imperial Beach, CARent $2,011 · Income $86,111Stanton, CARent $1,997 · Income $84,707

Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

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