Cost of Living in Lawrence, MA

Population 88,297 · Massachusetts · Data vintage 2023

125
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

The Lawrence cost-of-living profile is closer to the US median than most headline-grabbing metros — typical homes around $394,000, rents near $1,569 a month. Unemployment has stayed elevated relative to the national figure — 8.7% as of the most recent ACS release — which shows up in household-income and poverty figures as well.

Located 9 miles east of Lowell, Lawrence falls within that metro's commuting orbit. Housing prices track closely with Lowell's $395,000 median.

Cost Overview

Housing 129
Rent 119

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Lawrence

The median home value in Lawrence is $393,500 — 29% above the national median of $305,000. Median rent runs $1,569/month, 19% higher than the national median of $1,314/month. The median household income of $57,903/year is 22% lower than the US median of $74,580. The local unemployment rate is 8.7%, above 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 59.4°F and lows of 40.9°F. Overall, Lawrence has a cost of living index of 125 versus the US average of 100, meaning it is 25% more expensive.

🏠 Housing

Median Home Value
$393,500
29% above avg
Zillow Home Value
$497,255
Zillow ZHVI
Median Rent
$1,569/mo
19% above avg
Zillow Rent
$2,382/mo
Zillow ZORI
Price-to-Rent Ratio
20.9x
Favors renting
Property Tax Rate
1.2%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$1,429
1 BR
$1,498
2 BR
$1,963
3 BR
$2,405
4 BR
$2,811
Owner-occupied 30.3%
Renter-occupied 69.7%

💰 Estimated Monthly Budget

Rent median rent
$1,569
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,183/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
25.7 min
5% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
5.7%

Commute Mode

Drove alone
67.2%
Carpooled
13.6%
Public transit
3.6%
Walked
3.0%
Bicycle
0.4%
Work from home
5.7%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 9.0%
Total Sales Tax 6.3%
State rate 6.3%
Avg local rate 0.0%
Property Tax 1.2%

💼 Income & Employment

Median Household Income
$57,903
22% below avg
Per Capita Income
$27,827
Unemployment Rate
8.7%
80% above avg
Poverty Rate
18.2%
Labor Force Participation
68.9%

🎓 Education

Bachelor's degree+ 11.6%
Graduate degree 4.8%

👥 Demographics

Median Age 32.6
Male median age 30.4
Female median age 35.3

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
59.4°F
Avg Low
40.9°F
Annual Precip
40.9"
10° 30° 50° 70° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 353845586977838274625140
Low °F 192128384857636254433425
Precip" 2.862.443.423.603.393.993.483.043.754.103.523.32

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 44 — Good
66.6%
Good air days/yr
105
Max AQI recorded
204
PM2.5 days
160
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

73%
4-Year Graduation Rate
12.1:1
Student-teacher ratio
25
Public schools
13,550
Total enrollment

Frequently Asked Questions

What is the cost of living in Lawrence, MA?

Lawrence has a cost index of 125 (100 = national average). It is 25% above the national average.

What is average rent in Lawrence, MA?

The median gross rent in Lawrence is $1,569 per month based on 2023 Census data.

What is the average home price in Lawrence?

The median home value in Lawrence is $393,500 according to Zillow and Census data.

What is the median income in Lawrence?

The median household income in Lawrence is $57,903 per year (2023 ACS 5-year estimates).

What is the sales tax in Lawrence, MA?

The combined state and local sales tax rate in Lawrence is 6.3%. The Massachusetts state income tax top rate is 9.0%.

Is Lawrence, MA affordable?

Lawrence is above average in cost of living, with an index of 125 — about 25% higher than the national average.

What is the weather like in Lawrence?

Lawrence has average high temperatures of 59.4°F and average lows of 40.9°F. Annual precipitation is 40.9". Data from NOAA 1991–2020 Climate Normals.

Lawrence at a Glance

Population
88,297
Median Income
$57,903
Home Value
$393,500
Median Rent
$1,569/mo
Unemployment
8.7%
Avg High Temp
59.4°F
Sales Tax
6.3%
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Explore county-level cost of living data

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