Housing costs in Lawrence?
A typical home costs
$254,500, which is 24.7% less expensive than the national average of
$338,100 and 54.3% less expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Lawrence costs
$1,670 per month, which is 22.0% cheaper than the national average of
$2,140 and 44.9% cheaper than the state average of
$2,420.
Can I afford Lawrence?
To live comfortably in Lawrence (zip 01840), Massachusetts, a minimum annual income of
$48,600 for a family, and
$54,800 for a single person is recommended.
What does A.I. say about Lawrence?
The cost of living in 01840 Lawrence, MA is quite competitive when compared to other cities in the region. The median home value in Lawrence is $258,000, while the national average is $181,400. Additionally, the overall cost of living index in Lawrence is 122.5, which is slightly higher than the U.S average of 100. This difference can be attributed to higher housing costs and taxes in Massachusetts compared to other parts of the country. Fortunately for residents of 01840 Lawrence, MA, there are plenty of options for affordable rental housing and consumer goods as well as a variety of job opportunities.