How much rent can you afford in Andover, MA?
Run your salary against Andover's current rent, or find the income you'd need for a target rent. Powered by live RentDataNow medians.
The 30% rent rule, in Andover
At a median rent of $2,891/mo, Andover is affordable when measured against Andover median household income of $126,563/yr. Rent would consume roughly 27% of pre-tax income, and a salary of about $115,640 keeps rent at the recommended 30% threshold.
How Andover compares nearby
Median rent for the closest cities with data.
Frequently asked
How much rent can I afford in Andover?
On a $126,563 salary (the Andover median household income), the recommended ceiling is 30% of pre-tax income, or about $3,164/mo. Andover's median rent is $2,891/mo. Use the calculator on this page to run your own salary.
What salary do I need to live in Andover?
To keep Andover's $2,891/mo median rent under 30% of income, you'd need about $115,640/yr. Lower your target share (e.g. 25%) to need more, or raise it (e.g. 40%) to need less.
Is Andover affordable on the median Massachusetts income?
Andover is affordable on a $126,563 income. Rent would take 27% of pre-tax pay, inside the recommended 30% threshold.
What's the 30% rent rule?
The 30% rule is a long-standing budgeting guideline that keeps rent at or below 30% of gross (pre-tax) income. It leaves enough room for utilities, transit, savings, and debt service. In high-cost markets, many renters exceed 30%, and the Census Bureau classifies households paying more than 30% of income on rent as "cost-burdened".