Can A Financial Analyst Afford Rent in Hanover, MA?
Stretched but workable — rent takes 30.5% of gross income.
Hanover 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 Hanover, which improves the affordability math on a financial analyst salary:
Compare with full rent data for Hanover
View full rent data for Hanover, MA →Frequently asked questions
Can a financial analyst afford rent in Hanover, MA?
Median rent in Hanover is $3,042 a month. A typical financial analyst in Massachusetts earns about $119,874 a year, which makes that rent 30.5% of gross monthly income. Under the 30% rule, the answer is no — rent exceeds the 30% threshold.
How much rent can a financial analyst afford in Hanover?
Using the 30% rule, a financial analyst salary in Massachusetts (~$119,874/yr) supports up to $2,997 a month in rent. Hanover's current median rent is $3,042/mo, which is $45/mo over the affordability threshold.
How many hours does a financial analyst work to cover rent in Hanover?
At an hourly equivalent of about $58 an hour, a financial analyst in Massachusetts works roughly 52.8 hours a month to cover Hanover's median rent of $3,042.
Where is rent cheaper than Hanover for a financial analyst?
Nearby Massachusetts cities with lower median rent include Bedford ($3,037/mo), Watertown ($3,036/mo), Waltham ($3,035/mo). Each shifts the affordability math materially on a financial analyst salary.