Beverly, MA vs Lawrence, MA

There is a significant gap in the cost of living between these two cities. Lawrence is 18.7% cheaper than Beverly. With a cost index of 118 vs 141, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Lawrence to Beverly should plan for substantially higher expenses across most categories.

On the housing front, median rent in Beverly is $1,683/month compared to $1,569/month in Lawrence — a 7% difference. Home values follow the same pattern: Lawrence is more affordable at $393,500 median vs $621,900.

Median household income in Beverly is $103,739 compared to $57,903 in Lawrence (+79.2%). While Beverly is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Beverly spend roughly 19.5% of their income on rent, less than the 32.5% in Lawrence. The Beverly ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.

Climate-wise, both cities share similar average temperatures (49.9°F vs 50.1°F). Beverly receives more rainfall at 44.9" per year compared to 40.9" in Lawrence.