Beverly, MA

 

Local Economy & Employment

Beverly’s economy is diverse and steadily growing, driven by sectors such as healthcare, education, technology, manufacturing, retail, and hospitality. Healthcare and social assistance stand out as leading growth areas, alongside construction and food service. The city supports a vibrant small-business ecosystem, especially in its downtown area, where restaurants, artisan bakeries, studios, and boutique retailers contribute to the local charm and economy.

The Cummings Center, a redeveloped industrial complex just two miles from Route 128, is a major economic hub. Once a bustling shoe factory, it now houses over 525 businesses, including biotech firms, medical offices, professional services, and retail outlets. Nearby, the Dunham Ridge campus continues to expand, attracting high-tech, medical, and lab-based companies with its scenic and well-connected location. Manufacturing remains a vital part of Beverly’s employment landscape, with demand for skilled workers such as CNC machinists, machine operators, and technicians, many of whom earn between $55,000 and $90,000 annually.

In addition to private-sector growth, municipal jobs in finance, health, and planning are frequently available, reflecting Beverly’s ongoing investment in its public infrastructure. The city’s educational institutions and nonprofit organizations also contribute to job opportunities, particularly in the arts and global health fields. Altogether, Beverly offers a dynamic employment environment that caters to a wide range of skills and career paths, from entry-level retail to high-level professional roles.

 

Cultural Life & Community Festivals

Beverly boasts a lively cultural scene enriched by its historic theaters, community arts programs, and seasonal celebrations. The Larcom Theatre and The Cabot are central to the town’s artistic offerings, hosting live music, theatrical performances, film screenings, and family-friendly entertainment. Meanwhile, the North Shore Music Theatre, one of the region’s premier venues, stages popular musicals and concerts that draw audiences from across Massachusetts.

Seasonal festivals in Beverly are a beloved part of local life. Summer brings outdoor concerts in Lynch Park, lively beach events, and bustling food truck gatherings along Cabot Street. In the fall, the town embraces the season with arts and harvest festivals, Halloween parades, and craft fairs. Winter transforms Beverly into a cozy holiday haven, with downtown markets, festive lights, and community concerts. Spring ushers in creative energy with art crawls, open studio events at Montserrat College of Art, and outdoor wellness activities.

Residents enjoy an active community calendar that includes everything from charity runs and beach yoga to local farmers’ markets and sports ceremonies. These events not only provide entertainment but also strengthen the community’s sense of togetherness, showcasing Beverly’s rich blend of coastal charm, historical roots, and modern vibrancy.

 

Real Estate & Housing Market

Beverly’s real estate market is active and appealing, offering a mix of historic charm and modern living options. The median home price in Beverly typically ranges between $720,000 and $750,000, with year-over-year appreciation around 5–6%. Despite some market cooling in terms of price per square foot, homes in Beverly continue to sell quickly, often within two to three weeks, sometimes attracting multiple offers.

The housing stock is varied. In the downtown and North Beverly neighborhoods, buyers can find classic New England Colonials and Cape Cod-style homes. The Cove and Montserrat areas offer spacious single-family homes with suburban appeal, while modern condominiums and apartment developments near the commuter rail and city center attract professionals and downsizers alike. Waterfront living is also a strong draw, with properties near Lynch Park and Beverly Harbor commanding premium interest due to their scenic views and proximity to the ocean.

Buyers are drawn to Beverly for its blend of high-performing schools, easy commuter access to Boston via the MBTA rail system, walkable downtown, and North Shore lifestyle. Although housing prices are rising steadily, the market remains relatively accessible compared to Boston, especially for those seeking more space and a community-focused atmosphere. Beverly continues to attract families, young professionals, and retirees alike, all seeking a place that balances charm, convenience, and long-term value.

 

Frequently Asked Questions:

 

Is Beverly Affordable Compared to Boston?

While Beverly’s median home prices are high by national standards, they are generally lower than those in Boston proper. Many buyers find that Beverly offers more living space, better access to nature, and a stronger sense of community at a more attainable price point.

 

What’s the Commute Like to Boston?

Commuting from Beverly to Boston is convenient, thanks to the MBTA Commuter Rail. Two local stations—Beverly Depot and North Beverly—provide regular service, making it possible to reach downtown Boston in approximately 35 to 45 minutes.

 

How Are the Schools and Education System?

Beverly offers a strong public school system that includes five elementary schools, a modern middle school built in 2018, and Beverly High School, which serves over 1,300 students. The city also offers private and alternative options, including Montessori schools and specialized arts education at Montserrat College.

 

Is Beverly Good for Families?

Yes, Beverly is considered a family-friendly town. With safe neighborhoods, parks, quality schools, and a wide range of extracurriculars (including one of the oldest Little League programs in the country), it’s an ideal place to raise children. The town also has a strong sense of community and frequent family-focused events.

 

What’s the Best Time to Buy a Home in Beverly?

The spring and early summer months typically offer the most listings and the highest market activity. However, savvy buyers may find unique opportunities in the off-season, particularly in late summer or early winter when competition is slightly lower.

 

[ Zipcode: 01915 ]

 

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