Can An Accountant Afford Rent in Danvers, MA?
Stretched but workable — rent takes 32.5% of gross income.
Danvers rent: June 2026. Salary: BLS OEWS May 2024 (Massachusetts state estimate).
About rent and an accountant salary
Accountant pay covers comfortable rent in nearly every US city. The cost-of-living premium that high-cost metros add to rent is offset, in most cases, by higher local accountant pay — but not entirely. At the national-average accountant salary, the 30% rule supports about $2,270 a month in rent, which is above the median rent in most metros tracked here. The per-city pages quantify the surplus or pinch in each market.
Cheaper rent nearby
These Massachusetts cities have lower median rent than Danvers, which improves the affordability math on an accountant salary:
Compare with full rent data for Danvers
View full rent data for Danvers, MA →Frequently asked questions
Can an accountant afford rent in Danvers, MA?
Median rent in Danvers is $2,849 a month. A typical accountant in Massachusetts earns about $105,305 a year, which makes that rent 32.5% of gross monthly income. Under the 30% rule, the answer is no — rent exceeds the 30% threshold.
How much rent can an accountant afford in Danvers?
Using the 30% rule, an accountant salary in Massachusetts (~$105,305/yr) supports up to $2,633 a month in rent. Danvers's current median rent is $2,849/mo, which is $216/mo over the affordability threshold.
How many hours does an accountant work to cover rent in Danvers?
At an hourly equivalent of about $51 an hour, an accountant in Massachusetts works roughly 56.3 hours a month to cover Danvers's median rent of $2,849.
Where is rent cheaper than Danvers for an accountant?
Nearby Massachusetts cities with lower median rent include North Andover ($2,846/mo), Everett ($2,846/mo), Walpole ($2,844/mo). Each shifts the affordability math materially on an accountant salary.