Salary & Cost of Living in Beverly, MA
Beverly, MA: $74,657 median salary, cost of living index 123.3, $15.00/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$74,657
$36/hr
Cost of Living
123.3
US avg = 100
Minimum Wage
$15.00
per hour
Unemployment
4.1%
rate
Beverly, MA Overview
Population
42,670
Median Salary
$74,657
Average Salary
$83,616
Avg Commute
18 min
Median Home Price
$479,000
Median Rent
$1,937/mo
Job Growth
+2.4%
Sales Tax
6.25%
Beverly is located in Massachusetts with a population of 42,670. The median household salary is $74,657 per year ($36/hour), which is $15,273 above the national median of $59,384. The average commute time is 18 minutes, and the city has a job growth rate of +2.4%.
Beverly Salary by Experience Level (2026)
Wage distribution in Beverly, MA based on BLS percentile breakdown of the $74,657 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 | $46,287 | $22.25/hr | 0–2 years |
| Mid-Level (Median) | $74,657 | $35.89/hr | 3–7 years |
| Senior-Level | $106,013 | $50.96/hr | 8–15 years |
| Top 10% (90th Percentile) | $132,889 | $63.88/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.
Beverly Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Beverly, MA, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$57,174
$4,764.53/month · $2,199.01/biweekly · Effective Rate: 23.4%
Gross Pay
$74,657
Federal Tax
-$8,039
State Tax
-$3,733
Local Tax
$0
FICA
-$5,711
Net Pay
$57,174
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $6,221.42 | $74,657.00 |
| Federal Income Tax | -$669.88 | -$8,038.54 |
| Massachusetts State Tax (5%) | -$311.07 | -$3,732.85 |
| Social Security (6.2%) | -$385.73 | -$4,628.73 |
| Medicare (1.45%) | -$90.21 | -$1,082.53 |
| Net Take-Home Pay | $4,764.53 | $57,174.35 |
Salary Comparison: Beverly vs Other Cities
See how Beverly's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Beverly, MA | $74,657 | 123.3 | $60,549 |
| National Average | $59,384 | 100 | $59,384 |
| Dartmouth, MA | $74,720 | 137.4 | $54,381 |
| Burbank, CA | $74,742 | 156.1 | $47,881 |
| Hamden, CT | $74,450 | 110.4 | $67,437 |
| Peachtree City, GA | $74,893 | 105.2 | $71,191 |
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 Beverly
Beverly's cost of living index is 123.3 (national average = 100). Living in Beverly is 23.299999999999997% more expensive than the national average.
Median Home Price
$479,000
Median Monthly Rent
$1,937
Annual Rent Cost
$23,244
Your Salary's Purchasing Power
Your $57,174 annual take-home pay in Beverly has the purchasing power of approximately $46,370 in an average-cost US area. You would need to earn $92,052 in Beverly to match a $74,657 salary in an average-cost city.
Top Industries in Beverly
Beverly's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $74,657.
Salary Tips for Beverly Workers
- Negotiate for cost of living. Beverly has a cost of living 23.299999999999997% 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. Beverly's top industries include Biotech, Education, Finance. Targeting roles in these sectors can help you earn above the $74,657 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 Beverly salary data: Our citywide compensation figures aggregate occupation-specific salary data from BLS Occupational Employment and Wage Statistics for the Beverly-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 Beverly indexed at 123.3.
- Median salary calculation: weighted average of Beverly's occupation-specific medians from BLS OEWS, adjusted for local cost of living. Net result: $74,657 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 Beverly: 4.1%, sourced from BLS Local Area Unemployment Statistics (LAUS).
- Top industries: Biotech, Education, Finance — based on QCEW employment concentration data.
- Job growth: 2.4% projected through 2034, derived from BLS Employment Projections program for Massachusetts.
- Housing context: median home price $479,000, median rent $1,937/mo, sourced from Census American Community Survey 5-year estimates.
Authoritative US data sources for Beverly, MA:
- BLS Occupational Employment and Wage Statistics (OEWS) — metropolitan area salary data
- BLS Local Area Unemployment Statistics — Beverly unemployment rate
- U.S. Census Bureau — Beverly 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. Beverly'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 Beverly, MA?
The median salary in Beverly, MA is $74,657 per year, or $36 per hour. The average salary is $83,616. This is $15,273 above the national median of $59,384.
What is the cost of living in Beverly, MA?
Beverly's cost of living index is 123.3 (national average = 100), meaning it is 23.299999999999997% more expensive compared to the national average. The median home price is $479,000 and the median monthly rent is $1,937.
What are the best industries in Beverly?
The top industries in Beverly, MA include Biotech, Education, Finance. The city has a job growth rate of 2.4% and an unemployment rate of 4.1%. Workers in these industries often earn above the city's median salary of $74,657.
How does Beverly's salary compare to other cities?
Beverly's median salary of $74,657 is 25.7% above the national median of $59,384. However, when adjusted for cost of living (index: 123.3), the real purchasing power is approximately $60,549.
What is the minimum wage in Beverly, MA?
The minimum wage in Beverly, 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.