Cost of Living in Lanesborough, MA
Population 3,033 · Massachusetts · Data vintage 2023
(100 = US avg)
Lanesborough is a smaller Massachusetts community of around 3000 residents, where median household incomes of $84,419 and housing costs ($286,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. The labor market has been unusually tight, with unemployment around 0.5% — below most comparable cities in the state.
Located 30 miles east of Albany, Lanesborough falls within that metro's commuting orbit. Median home values run roughly 28% higher than Albany's $223,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Lanesborough
The median home value in Lanesborough is $285,500 — 6% below the national median of $305,000. Median rent runs $1,368/month, 4% higher than the national median of $1,314/month. The median household income of $84,419/year is 13% higher than the US median of $74,580. The local unemployment rate is 0.5%, below the national average of 4.8%. Massachusetts's top state income tax rate is 9.0% and the combined sales tax is 6.3%. The climate averages highs of 55.8°F and lows of 36.3°F. Overall, Lanesborough has a cost of living index of 98 versus the US average of 100, meaning it is 2% less expensive.
Lanesborough has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 30 | 33 | 42 | 55 | 67 | 75 | 79 | 78 | 70 | 58 | 47 | 36 |
| Low °F | 14 | 15 | 23 | 34 | 44 | 53 | 58 | 57 | 49 | 39 | 29 | 21 |
| Precip" | 2.67 | 2.52 | 3.08 | 3.38 | 3.79 | 4.58 | 4.18 | 3.82 | 4.50 | 4.56 | 3.52 | 3.63 |
Frequently Asked Questions
What is the cost of living in Lanesborough, MA?
Lanesborough has a cost index of 98 (100 = national average). It is 2% below the national average.
What is average rent in Lanesborough, MA?
The median gross rent in Lanesborough is $1,368 per month based on 2023 Census data.
What is the average home price in Lanesborough?
The median home value in Lanesborough is $285,500 according to 2023 Census ACS data.
What is the median income in Lanesborough?
The median household income in Lanesborough is $84,419 per year (2023 ACS 5-year estimates).
What is the sales tax in Lanesborough, MA?
The combined state and local sales tax rate in Lanesborough is 6.3%. The Massachusetts state income tax top rate is 9.0%.
Is Lanesborough, MA affordable?
Lanesborough is near the national average in terms of cost of living, with an index of 98 (100 = US average).
What is the weather like in Lanesborough?
Lanesborough has average high temperatures of 55.8°F and average lows of 36.3°F. Annual precipitation is 44.2". Data from NOAA 1991–2020 Climate Normals.
Lanesborough at a Glance
- Population
- 3,033
- Median Income
- $84,419
- Home Value
- $285,500
- Median Rent
- $1,368/mo
- Unemployment
- 0.5%
- Avg High Temp
- 55.8°F
- Sales Tax
- 6.3%
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Massachusetts Rankings
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