Danvers, MA vs Malden, MA

Danvers, MA and Malden, MA have a very similar cost of living, with only a 1% difference in their overall index. Danvers scores 150 while Malden scores 151 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Danvers is $2,004/month compared to $2,066/month in Malden — a 3% difference. Interestingly, home values tell a different story: while Danvers has cheaper rent, Malden actually has lower median home values ($607,500 vs $611,200).

Median household income in Danvers is $117,072 compared to $95,298 in Malden (+22.8%). Danvers offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Danvers spend roughly 20.5% of their income on rent, less than the 26% in Malden.

Climate-wise, both cities share similar average temperatures (49.9°F vs 51.9°F). Danvers receives more rainfall at 44.9" per year compared to 43.6" in Malden.