Can A Financial Analyst Afford Rent in Danvers, MA?
Comfortably affordable — rent takes 28.5% of gross income.
Danvers rent: June 2026. Salary: BLS OEWS May 2024 (Massachusetts state estimate).
About rent and a financial analyst salary
Financial analyst pay covers comfortable rent in most US cities. At the national-average financial-analyst salary, the 30% rule supports about $2,584 a month in rent, which is above the median in nearly every metro tracked here.
Cheaper rent nearby
These Massachusetts cities have lower median rent than Danvers, which improves the affordability math on a financial analyst salary:
Compare with full rent data for Danvers
View full rent data for Danvers, MA →Frequently asked questions
Can a financial analyst afford rent in Danvers, MA?
Median rent in Danvers is $2,849 a month. A typical financial analyst in Massachusetts earns about $119,874 a year, which makes that rent 28.5% of gross monthly income. Under the 30% rule, the answer is yes.
How much rent can a financial analyst afford in Danvers?
Using the 30% rule, a financial analyst salary in Massachusetts (~$119,874/yr) supports up to $2,997 a month in rent. Danvers's current median rent is $2,849/mo, which leaves a $148/mo buffer.
How many hours does a financial analyst work to cover rent in Danvers?
At an hourly equivalent of about $58 an hour, a financial analyst in Massachusetts works roughly 49.4 hours a month to cover Danvers's median rent of $2,849.
Where is rent cheaper than Danvers for a financial analyst?
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 a financial analyst salary.