Town of Andover — Financial Data

1,615 Population FY 2024

$389 Town-Wide Per Capita Spending All residents incl. villages FY 2022

$652 Part-Town Per Capita Spending Outside villages only FY 2022

7.2% Debt Service FY 2022

10.0 Fiscal Stress FY 2022

33.3 Env. Stress FY 2022

Data comparability note: Contains villages: Village of Andover (pop. 890). Town-wide per capita spending covers all residents including village residents (A-fund services: community services, culture and recreation, debt service, employee benefits, general government, public safety, transportation). Part-town per capita spending covers only residents outside incorporated villages (B-fund services: community services, culture and recreation, employee benefits, general government, health, public safety, sanitation, transportation).

Villages in Andover

Total village population: 890 (55% of town)

Village of Andover pop. 890

Stress Trajectory

Community Profile

Census Bureau ACS 5-year estimates

15.8% Poverty Rate 2023

23.6% Bachelor's+ Rate 2023

12.1% Unemployment Rate 2023

81.0% Homeownership Rate 2023

Median Household Income

$71,250 (2023)

2010 2023

Per Capita Income

$33,942 (2023)

2010 2023

Median Home Value

$78,300 (2023)

2010 2023

Median Gross Rent

$769 (2023)

2010 2023

Median Age

42.8 (2023)

2010 2023

Gini Index

0 = perfect equality · 1 = perfect inequality

0.4 (2023)

2010 2023

Financial Trends

Total spending across all funds, including services for the entire town and services exclusive to areas outside villages · 1995–2024

Fiscal Health

Debt Outstanding

$0 (2024)

2011 2024

Full Value of Taxable Property

$100,034,554 (2024)

2011 2024

Debt Service

$173,749 (2022)

1995 2024

Debt Service %

7.2% (2022)

1995 2024

Town-Wide Per Capita Spending

$187 (2022)

2010 2024

Part-Town Per Capita Spending

$327 (2022)

2010 2024

Fiscal Stress Score (OSC)

0 = healthy · 100 = significant stress

10.0 (2022)

2012 2024

Environmental Stress Score (OSC)

0 = no stress · 100 = significant stress

33.3 (2022)

2012 2024

Top Revenue Sources

Real Property Taxes And Assessments

$1,126,098 (2022)

1995 2024

State Aid

$663,395 (2022)

1995 2024

Federal Aid

$120,680 (2022)

1996 2024

Charges To Other Governments

$104,226 (2022)

1995 2024

Charges For Services

$86,414 (2022)

1995 2024

Top Expenditures

Transportation

$1,394,359 (2022)

1995 2024

General Government

$368,581 (2022)

1995 2024

Employee Benefits

$252,254 (2022)

1995 2024

Economic Development

$120,680 (2022)

1997 2024

Public Safety

$91,327 (2022)

1995 2024

Financial Documents (82)

Year	Title	Type
2024	Town of Andover OSC Annual Financial Report 2024	OSC_TOWN_AFR
2024	Town of Andover FSMS Report 2024	FSMS_MONITORING
2023	Town of Andover Census ACS 5-Year Estimates 2023	US_CENSUS_ACS5
2023	Town of Andover OSC Annual Financial Report 2023	OSC_TOWN_AFR
2023	Town of Andover FSMS Report 2023	FSMS_MONITORING

View all 82 documents →

Governance & Structure

Governance Structure

Structure: Not specified
Fiscal Autonomy: Not specified
ICMA Recognition: —
Notes: None
OSC Code: 020302400000

School Details

Not applicable for this entity type.