Housing costs in Lawrence?
A typical home costs
$425,200, which is 25.8% more expensive than the national average of
$338,100 and 23.7% less expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Lawrence costs
$1,680 per month, which is 21.5% cheaper than the national average of
$2,140 and 44.0% cheaper than the state average of
$2,420.
Can I afford Lawrence?
To live comfortably in Lawrence (zip 01843), Massachusetts, a minimum annual income of
$81,360 for a family, and
$55,200 for a single person is recommended.
What does A.I. say about Lawrence?
The cost of living in 01843 Lawrence, MA is relatively high compared to other areas in the state. The median home value in the city is $264,400, which is higher than the Massachusetts average of $389,300. Additionally, the cost of utilities and health care are higher than the state averages. Renting a one bedroom apartment in Lawrence can cost around $1,500 per month, while a two-bedroom will be closer to $1,700 per month. Groceries and transportation costs are also above average for Lawrence due to its location near major cities like Boston and Cambridge. In conclusion, living in 01843 Lawrence can be expensive but it offers plenty of amenities that make it an attractive destination for families and professionals alike.