Danvers, MA
Population 27,924 · Massachusetts
About Danvers, MA
Danvers is a mid-sized city located in Massachusetts with a population of 27,924 residents according to the latest US Census Bureau American Community Survey data. The median household income is $117,072 per year, which is 56% 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 Danvers features a median home value of $611,200, which is 150% above the national median of $244,900. This places Danvers in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,004, 72% above the national average of $1,163/month. Of the 11,405 total housing units, 69% are owner-occupied (7,610 units) and 31% are renter-occupied (3,431 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Danvers shows an unemployment rate of 5.7%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 5.2%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Danvers have an average one-way commute time of 28 minutes.
Education & Demographics
46.8% of Danvers 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 1.0% White, 0.5% Hispanic or Latino, 1.1% Black or African American, and 2.7% Asian residents, with 8.9% of the population being foreign-born.
Cost of Living in Danvers, MA
Compared to national averages, Danvers has a median household income of $117,072 (56% above the national median of $75,149). Home values average $611,200, which is 150% above the national median. Monthly rent at $2,004 is 72% above the US average of $1,163. Within Massachusetts, Danvers's income is 11% above the state average of $105,630, and home values are 9% above the state median of $561,296.
Why Live in Danvers, MA?
Danvers offers a strong local economy with a median household income of $117,072, well above the national average, and a well-educated community where 46.8% of residents hold a bachelor’s degree or higher, and a low poverty rate of 5.2%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $611,200. However, Danvers’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Danvers has a population of 27,924 with a median age of 45.5 years. Compare Danvers with other cities to see how it stacks up, or explore all cities in Massachusetts.
Similar Cities Near Danvers
Cities in Massachusetts with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Milford | 27,919 | $88,992 | $429,800 | Compare |
| Milton | 28,481 | $178,053 | $896,500 | Compare |
| Agawam Town | 28,510 | $82,359 | $290,000 | Compare |
| Wakefield | 27,284 | $130,320 | $670,100 | Compare |
| Saugus | 28,599 | $100,819 | $589,500 | Compare |
| West Springfield Town | 28,635 | $70,401 | $307,900 | Compare |
| Northampton | 28,640 | $78,467 | $398,000 | Compare |
| Bridgewater Town | 28,669 | $112,482 | $500,600 | 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 Danvers With Other Cities
Frequently Asked Questions about Danvers
What is the population of Danvers, MA?
The population of Danvers, MA is 27,924 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 Danvers?
The median household income in Danvers, MA is $117,072 per year, which is 56% above the national median of $75,149.
What is the median home value in Danvers?
The median home value in Danvers, MA is $611,200, which is 150% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Danvers?
The median monthly rent in Danvers, MA is $2,004, which is 72% above the national average of $1,163/month.
What is the unemployment rate in Danvers?
The unemployment rate in Danvers, MA is 5.7%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Danvers, MA a good place to live?
Danvers offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 27,924 and a median age of 45.5, the city appeals to established professionals and retirees.
How educated is Danvers, MA?
46.8% of residents in Danvers 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 Danvers?
Key cost-of-living indicators for Danvers, MA: median home value is $611,200 (150% above national), median rent is $2,004/month, and median household income is $117,072. The home-value-to-income ratio is 5.2x, a moderate figure by national standards.
What is the poverty rate in Danvers?
The poverty rate in Danvers, MA is 5.2%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Danvers, MA?
Danvers's population is 1.0% White, 0.5% Hispanic or Latino, 1.1% Black or African American, 2.7% Asian, and 2.5% two or more races. 8.9% of residents are foreign-born.