Andover, MA
Population 9,261 · Massachusetts
About Andover, MA
Andover is a small town located in Massachusetts with a population of 9,261 residents according to the latest US Census Bureau American Community Survey data. The median household income is $127,054 per year, which is 69% above the national median of $75,149. The median age of 45.5 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Andover features a median home value of $719,900, which is 194% above the national median of $244,900. This places Andover in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,422, 22% above the national average of $1,163/month. Of the 3,755 total housing units, 70% are owner-occupied (2,439 units) and 30% are renter-occupied (1,057 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Andover shows an unemployment rate of 7.7%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 8.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Andover have an average one-way commute time of 23.7 minutes.
Education & Demographics
67.7% of Andover residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.6% White, 0.5% Hispanic or Latino, 1.6% Black or African American, and 4.5% Asian residents, with 12.2% of the population being foreign-born.
How Andover Ranks in Massachusetts
Cost of Living in Andover, MA
Compared to national averages, Andover has a median household income of $127,054 (69% above the national median of $75,149). Home values average $719,900, which is 194% above the national median. Monthly rent at $1,422 is 22% above the US average of $1,163. Within Massachusetts, Andover's income is 20% above the state average of $105,630, and home values are 28% above the state median of $561,296.
Why Live in Andover, MA?
Andover offers a strong local economy with a median household income of $127,054, well above the national average, and a well-educated community where 67.7% of residents hold a bachelor’s degree or higher, and a low poverty rate of 8.9%, better than the national average. Additionally, the city features short commute times averaging just 23.7 minutes.
Potential considerations include a competitive housing market where the typical home costs $719,900. However, Andover’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Andover has a population of 9,261 with a median age of 45.5 years. Compare Andover with other cities to see how it stacks up, or explore all cities in Massachusetts.
Similar Cities Near Andover
Cities in Massachusetts with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Athol | 8,711 | $61,742 | $227,000 | Compare |
| Hull | 10,098 | $127,112 | $606,100 | Compare |
| Middleborough Center | 8,064 | $79,520 | $372,400 | Compare |
| Maynard | 10,663 | $119,549 | $494,200 | Compare |
| Plymouth | 7,852 | $72,639 | $426,000 | Compare |
| Nantucket | 10,837 | $109,988 | $1,359,200 | Compare |
| Whitinsville | 7,250 | $93,504 | $440,100 | Compare |
| Mansfield Center | 7,232 | $101,546 | $449,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Massachusetts
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Andover With Other Cities
Frequently Asked Questions about Andover
What is the population of Andover, MA?
The population of Andover, MA is 9,261 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Massachusetts.
What is the median household income in Andover?
The median household income in Andover, MA is $127,054 per year, which is 69% above the national median of $75,149.
What is the median home value in Andover?
The median home value in Andover, MA is $719,900, which is 194% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Andover?
The median monthly rent in Andover, MA is $1,422, which is 22% above the national average of $1,163/month.
What is the unemployment rate in Andover?
The unemployment rate in Andover, MA is 7.7%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Andover, MA a good place to live?
Andover offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 9,261 and a median age of 45.5, the city appeals to established professionals and retirees.
How educated is Andover, MA?
67.7% of residents in Andover aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Andover?
Key cost-of-living indicators for Andover, MA: median home value is $719,900 (194% above national), median rent is $1,422/month, and median household income is $127,054. The home-value-to-income ratio is 5.7x, a moderate figure by national standards.
What is the poverty rate in Andover?
The poverty rate in Andover, MA is 8.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Andover, MA?
Andover's population is 0.6% White, 0.5% Hispanic or Latino, 1.6% Black or African American, 4.5% Asian, and 1.6% two or more races. 12.2% of residents are foreign-born.