Beverly, MA vs Somerset, MA

The cost of living difference between Beverly, MA and Somerset, MA is dramatic. Somerset is 31.1% cheaper than Beverly, a gap that translates to thousands of dollars per year in household expenses. Beverly has a cost index of 141 while Somerset sits at 107, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Beverly is $1,683/month compared to $1,313/month in Somerset — a 28% difference. Home values follow the same pattern: Somerset is more affordable at $389,400 median vs $621,900.

Median household income in Beverly is $103,739 compared to $111,720 in Somerset (-7.1%). Somerset offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Beverly spend roughly 19.5% of their income on rent, more than the 14.1% in Somerset.

Climate-wise, both cities share similar average temperatures (49.9°F vs 50.4°F). Somerset receives more rainfall at 45.9" per year compared to 44.9" in Beverly.