Everett, MA

Very High · 160

Massachusetts · Population 49,236 · Updated March 2026

$1,988
Median Rent / Month
$79,658
Median Income
$605,200
Median Home Value
$2,065
Owner Costs / Month

Affordability

How far your income goes in Everett

29.9%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

Tax Burden in Massachusetts

State-level tax rates that affect your costs

9.0%
Income Tax (Top Rate)
6.25%
Sales Tax
1.15%
Property Tax Rate

Estimated Annual Costs

$23,856
Annual Rent
$7,169
State Income Tax
$6,960
Property Tax (est.)

Cost of Living Overview

Everett has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 160 (where 100 equals the national median), Everett residents can expect to pay median rent of $1,988/month while earning a median household income of $79,658/year.

The median home value in Everett, MA is $605,200, with typical monthly owner costs around $2,065 including mortgage, insurance, and taxes. With a rent-to-income ratio of 29.9%, Everett falls within the generally affordable range, though it's approaching the 30% burden threshold.

Massachusetts's top income tax rate of 9.0% is among the highest in the nation, adding to the overall cost burden. Combined with a 6.25% sales tax rate and 1.15% effective property tax rate, the overall tax environment is a factor in the total cost of living in Everett.

Frequently Asked Questions

Common questions about living costs in Everett

What is the cost of living in Everett, MA?
The cost of living index in Everett, MA is 160 (US average = 100). Median monthly rent is $1,988, median household income is $79,658/year, and the median home value is $605,200.
Is Everett, MA affordable?
No, Everett is more expensive than the national average with a cost index of 160. The rent-to-income ratio is 29.9%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Everett, MA?
The median gross rent in Everett, MA is $1,988 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $23,856.
What is the median household income in Everett?
The median household income in Everett, MA is $79,658 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Massachusetts?
Massachusetts has a top income tax rate of 9.0%, a sales tax of 6.25%, and an effective property tax rate of 1.15%.