Haverhill, MA

Above Avg · 124

Massachusetts · Population 67,387 · Updated March 2026

$1,620
Median Rent / Month
$87,675
Median Income
$426,900
Median Home Value
$1,761
Owner Costs / Month

Affordability

How far your income goes in Haverhill

22.2%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

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

$19,440
Annual Rent
$7,891
State Income Tax
$4,909
Property Tax (est.)

Cost of Living Overview

Haverhill has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 124 (where 100 equals the national median), Haverhill residents can expect to pay median rent of $1,620/month while earning a median household income of $87,675/year.

The median home value in Haverhill, MA is $426,900, with typical monthly owner costs around $1,761 including mortgage, insurance, and taxes. The median rent-to-income ratio of 22.2% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

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 Haverhill.

Frequently Asked Questions

Common questions about living costs in Haverhill

What is the cost of living in Haverhill, MA?
The cost of living index in Haverhill, MA is 124 (US average = 100). Median monthly rent is $1,620, median household income is $87,675/year, and the median home value is $426,900.
Is Haverhill, MA affordable?
No, Haverhill is more expensive than the national average with a cost index of 124. The rent-to-income ratio is 22.2%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Haverhill, MA?
The median gross rent in Haverhill, MA is $1,620 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $19,440.
What is the median household income in Haverhill?
The median household income in Haverhill, MA is $87,675 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%.