Salary & Cost of Living in Andover, MA
Andover, MA: $74,896 median salary, cost of living index 121, $15.00/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$74,896
$36/hr
Cost of Living
121
US avg = 100
Minimum Wage
$15.00
per hour
Unemployment
3.9%
rate
Andover, MA Overview
Population
36,220
Median Salary
$74,896
Average Salary
$83,884
Avg Commute
18 min
Median Home Price
$518,000
Median Rent
$2,090/mo
Job Growth
+1.6%
Sales Tax
6.25%
Andover is located in Massachusetts with a population of 36,220. The median household salary is $74,896 per year ($36/hour), which is $15,512 above the national median of $59,384. The average commute time is 18 minutes, and the city has a job growth rate of +1.6%.
Andover Salary by Experience Level (2026)
Wage distribution in Andover, MA based on BLS percentile breakdown of the $74,896 median salary. Entry-level represents 10th–25th percentile; mid-level is the median; senior-level represents 75th–90th percentile.
| Experience Level | Annual Salary | Hourly Wage | Years Exp |
|---|---|---|---|
| Entry-Level | $46,436 | $22.33/hr | 0–2 years |
| Mid-Level (Median) | $74,896 | $36.01/hr | 3–7 years |
| Senior-Level | $106,352 | $51.13/hr | 8–15 years |
| Top 10% (90th Percentile) | $133,315 | $64.10/hr | 15+ years / leadership |
Percentile multipliers (62%, 100%, 142%, 178%) derived from 2024 BLS Occupational Employment and Wage Statistics distribution across all occupations in metro areas. Specific roles vary; see jobs by city for role-specific data.
Andover Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Andover, MA, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$57,331
$4,777.54/month · $2,205.02/biweekly · Effective Rate: 23.5%
Gross Pay
$74,896
Federal Tax
-$8,091
State Tax
-$3,745
Local Tax
$0
FICA
-$5,730
Net Pay
$57,331
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $6,241.33 | $74,896.00 |
| Federal Income Tax | -$674.26 | -$8,091.12 |
| Massachusetts State Tax (5%) | -$312.07 | -$3,744.80 |
| Social Security (6.2%) | -$386.96 | -$4,643.55 |
| Medicare (1.45%) | -$90.50 | -$1,085.99 |
| Net Take-Home Pay | $4,777.54 | $57,330.54 |
Salary Comparison: Andover vs Other Cities
See how Andover's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Andover, MA | $74,896 | 121 | $61,898 |
| National Average | $59,384 | 100 | $59,384 |
| Peachtree City, GA | $74,893 | 105.2 | $71,191 |
| Vestavia Hills, AL | $74,901 | 102.5 | $73,074 |
| Kailua, HI | $74,907 | 195.5 | $38,316 |
| Catonsville, MD | $74,910 | 112.2 | $66,765 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Andover
Andover's cost of living index is 121 (national average = 100). Living in Andover is 21% more expensive than the national average.
Median Home Price
$518,000
Median Monthly Rent
$2,090
Annual Rent Cost
$25,080
Your Salary's Purchasing Power
Your $57,331 annual take-home pay in Andover has the purchasing power of approximately $47,381 in an average-cost US area. You would need to earn $90,624 in Andover to match a $74,896 salary in an average-cost city.
Top Industries in Andover
Andover's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $74,896.
Salary Tips for Andover Workers
- Negotiate for cost of living. Andover has a cost of living 21% above the national average. When negotiating salary, factor in the higher housing and living costs to ensure your real purchasing power stays competitive.
- Research top industries. Andover's top industries include Biotech, Education, Finance. Targeting roles in these sectors can help you earn above the $74,896 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
Methodology & Local Economy Data Sources
How we calculate Andover salary data: Our citywide compensation figures aggregate occupation-specific salary data from BLS Occupational Employment and Wage Statistics for the Andover-MA metropolitan statistical area (MSA), weighted by local employment counts. Cost-of-living adjustments use the C2ER Cost of Living Index baseline of 100 (national average), with Andover indexed at 121.
- Median salary calculation: weighted average of Andover's occupation-specific medians from BLS OEWS, adjusted for local cost of living. Net result: $74,896 annual median.
- Tax burden reflects Massachusetts state income tax (5%) (no local income tax), sales tax (6.25%), and federal taxes per IRS 2026 brackets.
- Unemployment rate for Andover: 3.9%, sourced from BLS Local Area Unemployment Statistics (LAUS).
- Top industries: Biotech, Education, Finance — based on QCEW employment concentration data.
- Job growth: 1.6% projected through 2034, derived from BLS Employment Projections program for Massachusetts.
- Housing context: median home price $518,000, median rent $2,090/mo, sourced from Census American Community Survey 5-year estimates.
Authoritative US data sources for Andover, MA:
- BLS Occupational Employment and Wage Statistics (OEWS) — metropolitan area salary data
- BLS Local Area Unemployment Statistics — Andover unemployment rate
- U.S. Census Bureau — Andover QuickFacts — population, housing, demographics
- BLS Quarterly Census of Employment and Wages (QCEW) — county-level industry employment
- BLS Economy at a Glance — Massachusetts — state economic indicators
- U.S. Bureau of Economic Analysis (BEA) — local GDP and personal income data
- BLS Consumer Price Index (CPI-U) — regional inflation tracking
Disclaimer: Salary and cost data are estimates for general guidance. Individual compensation varies by employer, experience, education, negotiation, and skills. Andover's rapidly changing economy can shift these baselines — always verify with current job listings, employer offers, and recent Massachusetts labor market reports for the most current figures.
Reviewed by Brazora Monk· Last updated 2026 · BLS & Census data current as of latest releases
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Frequently Asked Questions
What is the median salary in Andover, MA?
The median salary in Andover, MA is $74,896 per year, or $36 per hour. The average salary is $83,884. This is $15,512 above the national median of $59,384.
What is the cost of living in Andover, MA?
Andover's cost of living index is 121 (national average = 100), meaning it is 21% more expensive compared to the national average. The median home price is $518,000 and the median monthly rent is $2,090.
What are the best industries in Andover?
The top industries in Andover, MA include Biotech, Education, Finance. The city has a job growth rate of 1.6% and an unemployment rate of 3.9%. Workers in these industries often earn above the city's median salary of $74,896.
How does Andover's salary compare to other cities?
Andover's median salary of $74,896 is 26.1% above the national median of $59,384. However, when adjusted for cost of living (index: 121), the real purchasing power is approximately $61,898.
What is the minimum wage in Andover, MA?
The minimum wage in Andover, MA is $15.00 per hour. This equals approximately $31,200 per year for a full-time worker (40 hours/week). This is $7.75 above the federal minimum wage of $7.25/hour.