Housing costs in Lynn?
A typical home costs
$478,900, which is 41.6% more expensive than the national average of
$338,100 and 14.1% less expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Lynn costs
$2,200 per month, which is 53.8% more than the national average of
$1,430 and 2.7% more than the state average of
$2,140.
Can I afford Lynn?
To live comfortably in Lynn, Massachusetts, a minimum annual income of
$91,800 for a family, and
$72,400 for a single person is recommended.
What does A.I. say about Lynn?
Lynn provides residents a rare chance at great value for budget-friendly living situated somewhere inside Massachusetts’ Essex County featuring median home values averaging slightly above $260K and rent typically lands close by upwards of 1.2 thousand dollars depending upon desired amenities - still notably lower compared to other coastal places like Salem or Marblehead located farther down eastward. Grocery stores similarly remain mostly on par with United States levels due largely to local taxes & regulations while sales tax sums out constant at 6.25%.