Lawrence, MA 01840 is a city that has a 2 bedroom rent of $1,670 and a grocery cost index of 101 versus the US's 100. Lawrence is a great place to live for its convenient access to shopping and dining experiences. Local companies include Market Basket which offers a great selection of groceries, restaurants like Pancho's Mexican Grill and El Potro Mexican Grill for authentic Mexican cuisine, as well as stores such as TJ Maxx and BiWay offering clothing and home goods at an affordable price. All these stores make living in Lawrence convenient and enjoyable.
Lawrence (zip 01840) has an unemployment rate of 14.5%. The US average is 6.0%.
Lawrence (zip 01840) has seen the job market increase by 4.0% over the last year. Future job growth over the next ten years is predicted to be 33.3%, which is lower than the US average of 33.5%.
Tax Rates for Lawrence (zip 01840)
- The Sales Tax Rate for Lawrence (zip 01840) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Lawrence (zip 01840) is 5.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lawrence (zip 01840)
- The average income of a Lawrence (zip 01840) resident is $16,430 a year. The US average is $28,555 a year.
- The Median household income of a Lawrence (zip 01840) resident is $28,347 a year. The US average is $69,021 a year.