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Danvers, Massachusetts Retirement Guide
established retirement community
57
Retirement Score
Danvers, Massachusetts at a Glance
- Median Home Price
- $589,600
- State Income Tax
- State income tax; Social Security exempt; many public pensions exempt with partial rules for others.
- Avg January Low
- 23°F
- Cost of Living Index
- 109.4 (US avg = 100)
- Best For
- established retirement community
- RetireCityIQ Score
- 57 / 100
Retirement Data
Affordability
Cost of Living Index
109.4 (U.S. avg = 100)High confidence
BEA Regional Price Parities · Updated May 2026
Median Home Price
$589,600High confidence
U.S. Census ACS 5-Year · Updated June 2026
Median Monthly Rent
$1,862High confidence
U.S. Census ACS 5-Year · Updated June 2026
Taxes
Retirement Tax Score
45 / 100High confidence
Tax Foundation · Updated June 2026
Tax Details
State income tax; Social Security exempt; many public pensions exempt with partial rules for others.High confidence
Tax Foundation · Updated June 2026
Retiree Readiness (Sprint 2)
Care Access Score (proxy)
100 / 100High confidence
RetireCityIQ proxy model · Updated June 2026
Aging-in-Place Score (proxy)
47.4 / 100High confidence
RetireCityIQ proxy model · Updated June 2026
Healthcare
Healthcare Access Score
100 / 100High confidence
CMS Hospital General Information + RetireCityIQ nearest-hospital radius model · Updated June 2026
Climate
Avg July High
84.1°FHigh confidence
Open-Meteo Historical Weather (ERA5) · Updated June 2026
Avg January Low
23°FHigh confidence
Open-Meteo Historical Weather (ERA5) · Updated June 2026
Annual Precipitation
50.1"High confidence
Open-Meteo Historical Weather (ERA5) · Updated June 2026
Sunny Days / Year
272 daysHigh confidence
Open-Meteo Historical Weather (ERA5) · Updated June 2026
Safety
Safety Score
100 / 100High confidence
FBI Crime Data Explorer · Updated June 2026
Walkability
Walk Score (proxy)
13.6 / 100High confidence
U.S. Census ACS 5-Year (B08301) · Updated June 2026
Transit Score (proxy)
8.2 / 100High confidence
U.S. Census ACS 5-Year (B08301) · Updated June 2026
Demographics
Population
27,910High confidence
U.S. Census ACS 5-Year · Updated June 2026
Median Age
44.4High confidence
U.S. Census ACS 5-Year · Updated June 2026
Age 65+
21.3%High confidence
U.S. Census ACS 5-Year · Updated June 2026
Median Household Income
$116,636High confidence
U.S. Census ACS 5-Year · Updated June 2026
Community Profile
Owner-Occupied Housing
70.1%High confidence
U.S. Census ACS 5-Year · Updated June 2026
Veterans
5.5%High confidence
U.S. Census ACS 5-Year · Updated June 2026
Bachelor's Degree+
47.3%High confidence
U.S. Census ACS 5-Year · Updated June 2026
Poverty Rate
4.3%High confidence
U.S. Census ACS 5-Year · Updated June 2026
Diversity
White
91.0%High confidence
U.S. Census ACS 5-Year · Updated June 2026
Black
2.4%High confidence
U.S. Census ACS 5-Year · Updated June 2026
Hispanic/Latino
4.3%High confidence
U.S. Census ACS 5-Year · Updated June 2026
Asian
2.4%High confidence
U.S. Census ACS 5-Year · Updated June 2026
10-Year Housing Stress Test (Estimate)
Estimate monthly homeowner carrying cost in Danvers using median home price and adjustable assumptions. Stress case applies +10% property tax, +20% insurance, +10% maintenance.
Estimated monthly carrying cost
$1,277
Stress-case monthly carrying cost
$1,435
Median home price used: $589,600
Median rent reference: $1,862 / month
Estimate includes property tax, insurance, maintenance reserve, and HOA. It excludes mortgage, utilities, and one-time transaction costs.
Local Professionals
Financial Advisors
BUTTERWORTH FINANCIAL LLC
BUTTERWORTH FINANCIAL LLC
BUTTERWORTH FINANCIAL LLC
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