Can A Financial Analyst Afford Rent in Spencer, MA?
Comfortably affordable — rent takes 19% of gross income.
Spencer 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 Spencer, which improves the affordability math on a financial analyst salary:
Compare with full rent data for Spencer
View full rent data for Spencer, MA →Frequently asked questions
Can a financial analyst afford rent in Spencer, MA?
Median rent in Spencer is $1,898 a month. A typical financial analyst in Massachusetts earns about $119,874 a year, which makes that rent 19% of gross monthly income. Under the 30% rule, the answer is yes.
How much rent can a financial analyst afford in Spencer?
Using the 30% rule, a financial analyst salary in Massachusetts (~$119,874/yr) supports up to $2,997 a month in rent. Spencer's current median rent is $1,898/mo, which leaves a $1,099/mo buffer.
How many hours does a financial analyst work to cover rent in Spencer?
At an hourly equivalent of about $58 an hour, a financial analyst in Massachusetts works roughly 32.9 hours a month to cover Spencer's median rent of $1,898.
Where is rent cheaper than Spencer for a financial analyst?
Nearby Massachusetts cities with lower median rent include New Bedford ($1,880/mo), Plymouth ($1,879/mo), Webster ($1,878/mo). Each shifts the affordability math materially on a financial analyst salary.