Housing costs in Lawrence?
A typical home costs
$397,500, which is 17.6% more expensive than the national average of
$338,100 and 28.7% less expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Lawrence costs
$1,560 per month, which is 27.1% cheaper than the national average of
$2,140 and 55.1% cheaper than the state average of
$2,420.
Can I afford Lawrence?
To live comfortably in Lawrence (zip 01841), Massachusetts, a minimum annual income of
$76,320 for a family, and
$51,200 for a single person is recommended.
What does A.I. say about Lawrence?
The cost of living in 01841 Lawrence, MA is relatively affordable when compared to other cities in Massachusetts. Housing is the biggest expense, with an average home value of about $219,000, but comparably lower rental fees than many other cities. Taxes are also relatively low, with a property tax rate of just over $13 per thousand dollars of assessed value. Groceries and transportation costs tend to be lower than the national average while utilities tend to be higher. Overall, Lawrence is a great choice for those looking for an affordable place to live and work in Massachusetts.