Housing costs in Lynn?
A typical home costs
$489,800, which is 44.9% more expensive than the national average of
$338,100 and 12.1% less expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Lynn costs
$2,250 per month, which is 5.1% more than the national average of
$2,140 and 7.6% cheaper than the state average of
$2,420.
Can I afford Lynn?
To live comfortably in Lynn (zip 01905), Massachusetts, a minimum annual income of
$93,960 for a family, and
$74,000 for a single person is recommended.
What does A.I. say about Lynn?
The cost of living in 01905 Lynn, MA is relatively high compared to other regions in Massachusetts. The median home price in the area is around $330,000, which is significantly higher than the state average of $292,500. On top of that, renters can expect to pay roughly $1,400 monthly for a one-bedroom apartment. Prices for goods and services are also on the pricier side due to its proximity to Boston and Cambridge. Despite this, Lynn is still an attractive place to live for many due to its close-knit communities and convenient access to amenities.