Andover, Massachusetts Median Income

Andover, Massachusetts has a population of 36,900, with a median household income of $94,000.

Current median income data for Andover.

$94,000

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Population

36,900

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Median Income

$94,000

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Unemployment

4.70%

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Housing Price

$520,000

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Crime Rate

3.50

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Internet Speed

254.00 Mbps

Andover is a smaller urban community located in Massachusetts. The city has a population that is above the average city population in Massachusetts, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Andover is a notable city in Massachusetts, offering a mix of population dynamics, economic indicators, and housing trends.

Population Overview

Andover has a population of 36,900, which is higher than the state average. This indicates a relatively larger urban presence within Massachusetts.

Income and Economy

The median household income in Andover is $94,000, which is below the state average, indicating moderate economic conditions.

Housing Market

The average housing price in Andover is about $520,000, making it relatively affordable compared to many cities in Massachusetts.

Employment and Safety

The unemployment rate in Andover is 4.70%, slightly above the state average, suggesting moderate employment conditions. Crime rates in Andover are higher than the state average, which may be a factor for residents to consider.

City Comparison

Compared to other cities in Massachusetts, Andover shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

Andover continues to play a role in shaping regional trends in Massachusetts, particularly in terms of economic and demographic factors.

Frequently Asked Questions about Andover

What is the population of Andover?

The population of Andover is approximately 36,900.

Is Andover a good place to live?

Andover offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Andover?

The median household income in Andover is around $94,000.

How expensive is housing in Andover?

The average housing price in Andover is approximately $520,000.