Housing costs in Lynn?
A typical home costs
$354,800, which is 4.9% more expensive than the national average of
$338,100 and 36.3% less expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Lynn costs
$2,230 per month, which is 4.2% more than the national average of
$2,140 and 8.5% cheaper than the state average of
$2,420.
Can I afford Lynn?
To live comfortably in Lynn (zip 01901), Massachusetts, a minimum annual income of
$68,040 for a family, and
$73,600 for a single person is recommended.
What does A.I. say about Lynn?
The cost of living in 01901 Lynn, MA is relatively high compared to the national average. According to BestPlaces, groceries and restaurant prices are nearly 10% higher than the national average which can make basic expenses quite expensive for residents. The median home value in Lynn is $434,600 which is significantly higher than the national average of $231,200 according to Zillow. Renters in Lynn should be prepared to pay more than other cities as median rent is also significantly higher at $1,579 compared with the US median of $1,012. Despite the higher cost of living in Lynn, it still remains an attractive place to live due to its close proximity to nearby Boston and its beautiful beaches along Massachusetts' north shore coastline.