Danvers, MA vs Waltham, MA

Danvers is moderately more affordable than Waltham, with a 8.9% lower cost of living index. Danvers scores 150 compared to 164 for Waltham, where the US average is 100. This difference means residents of Waltham can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Danvers is $2,004/month compared to $2,232/month in Waltham — a 10% difference. Home values follow the same pattern: Danvers is more affordable at $611,200 median vs $705,700.

Median household income in Danvers is $117,072 compared to $116,560 in Waltham (+0.4%). 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 23% in Waltham.

Climate-wise, both cities share similar average temperatures (49.9°F vs 50.5°F). Danvers receives more rainfall at 44.9" per year compared to 42.6" in Waltham.