Beverly, MA
Population 42,408 · Massachusetts
About Beverly, MA
Beverly is a mid-sized city located in Massachusetts with a population of 42,408 residents according to the latest US Census Bureau American Community Survey data. The median household income is $103,739 per year, which is 38% above the national median of $75,149. The median age of 39.5 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Beverly features a median home value of $621,900, which is 154% above the national median of $244,900. This places Beverly in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,683, 45% above the national average of $1,163/month. Of the 17,665 total housing units, 60% are owner-occupied (10,172 units) and 40% are renter-occupied (6,743 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Beverly shows an unemployment rate of 3.6%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 9.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Beverly have an average one-way commute time of 29.8 minutes.
Education & Demographics
52.3% of Beverly 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 0.4% White, 0.6% Hispanic or Latino, 1.9% Black or African American, and 3.2% Asian residents, with 9.7% of the population being foreign-born.
How Beverly Ranks in Massachusetts
Cost of Living in Beverly, MA
Compared to national averages, Beverly has a median household income of $103,739 (38% above the national median of $75,149). Home values average $621,900, which is 154% above the national median. Monthly rent at $1,683 is 45% above the US average of $1,163. Within Massachusetts, Beverly's income is 2% below the state average of $105,630, and home values are 11% above the state median of $561,296.
Why Live in Beverly, MA?
Beverly offers a strong local economy with a median household income of $103,739, well above the national average, and a strong job market with an unemployment rate of just 3.6%, and a well-educated community where 52.3% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 9.9%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $621,900. However, Beverly’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Beverly has a population of 42,408 with a median age of 39.5 years. Compare Beverly with other cities to see how it stacks up, or explore all cities in Massachusetts.
Similar Cities Near Beverly
Cities in Massachusetts with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Fitchburg | 41,633 | $70,659 | $295,500 | Compare |
| Marlborough | 41,398 | $95,047 | $485,400 | Compare |
| Pittsfield | 43,559 | $68,386 | $233,700 | Compare |
| Woburn | 41,205 | $107,754 | $641,800 | Compare |
| Leominster | 43,697 | $81,556 | $345,000 | Compare |
| Westfield | 40,673 | $82,847 | $295,500 | Compare |
| Salem | 44,241 | $85,137 | $497,400 | Compare |
| Chelsea | 39,460 | $72,220 | $476,500 | 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 Beverly With Other Cities
Frequently Asked Questions about Beverly
What is the population of Beverly, MA?
The population of Beverly, MA is 42,408 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Massachusetts.
What is the median household income in Beverly?
The median household income in Beverly, MA is $103,739 per year, which is 38% above the national median of $75,149.
What is the median home value in Beverly?
The median home value in Beverly, MA is $621,900, which is 154% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Beverly?
The median monthly rent in Beverly, MA is $1,683, which is 45% above the national average of $1,163/month.
What is the unemployment rate in Beverly?
The unemployment rate in Beverly, MA is 3.6%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Beverly, MA a good place to live?
Beverly offers above-average incomes, a competitive housing market, and a strong job market. With a population of 42,408 and a median age of 39.5, the city appeals to a broad range of residents.
How educated is Beverly, MA?
52.3% of residents in Beverly 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 Beverly?
Key cost-of-living indicators for Beverly, MA: median home value is $621,900 (154% above national), median rent is $1,683/month, and median household income is $103,739. The home-value-to-income ratio is 6.0x, a moderate figure by national standards.
What is the poverty rate in Beverly?
The poverty rate in Beverly, MA is 9.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Beverly, MA?
Beverly's population is 0.4% White, 0.6% Hispanic or Latino, 1.9% Black or African American, 3.2% Asian, and 2.4% two or more races. 9.7% of residents are foreign-born.