Andover CDP, MA

ZIP 01845 — Economy & Jobs

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow AreaRemote Work Hub

Income, employment, industries, and economic trends

Income & Economy in Andover CDP, MA (01845)

Median Income

$134,319

*Adjusted for inflation (2023 dollars)

IRS Net Migration

+1,505

Wealth inflow

Population

31,881

Unemployment

3.4%

0.3pp below US avg

IRS migration statistics show a net inflow of about 1,505 for ZIP 01845 (Andover CDP, MA) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.

Economic Indicators

Unemployment

3.4%-7% vs US avg

Self-Employed

2.3%-62% vs US avg

SNAP Benefits

6.2%-47% vs US avg

938

Establishments

14,851

Employees

~16 per establishment — small businesses dominate

Professional services

Top Industry

Economic Distributions

Census ACS 5-Year (P0): occupation, industry, household income brackets.

Occupation

Industry

Agriculture, forestry, mining0.5%
Construction4.9%
Manufacturing11.5%
Wholesale trade1.4%
Retail trade12.3%
Transportation, utilities3.0%
Information2.7%
Finance, insurance, real estate7.8%
Professional, scientific, management17.2%
Education, health care, social25.0%
Arts, entertainment, food services5.0%
Other services3.9%
Public administration4.7%

Household Income

Historical Trends in 01845 (2020–Present)

Since 2020, population grew 2.0%, median income rose 0.2% (inflation-adjusted), home values increased 8.8%.

Median Income

$134,319

+79% vs US avg

Unemployment Rate