Andover is a city in Massachusetts state in USA with a population of 8821 residents.. The poverty rate of Andover is 6.9%, which is 51% lower than national average. The typical household in Andover earns $113684 a year, compared to the national median of $67,500. Nearly 25.7% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Andover, only 97% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Andover remained 5%, which is 6% higher than national rate. Nearly 1 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Andover, only 72% of adults have a bachelor's degree and 17% have some college but no degree.

Cost of living in Andover is 153, which is 53% higher than national average. Median home value in Andover is $597500 , which is 160% higher than national average. While median income in Andover remained $113684, which is 68% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.