COLD

Cost of Living in Lynn, MA

Population 100,905 · Massachusetts · Data vintage 2023

142
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

The Lynn cost-of-living profile is closer to the US median than most headline-grabbing metros — typical homes around $473,000, rents near $1,612 a month.

Cost Overview

Housing 155
Rent 123

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

About the Cost of Living in Lynn

The median home value in Lynn is $472,600 — 55% above the national median of $305,000. Median rent runs $1,612/month, 23% higher than the national median of $1,314/month. The median household income of $74,715/year is equal to than the US median of $74,580. The local unemployment rate is 4.6%, 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%. Overall, Lynn has a cost of living index of 142 versus the US average of 100, meaning it is 42% more expensive.

🏠 Housing

Median Home Value
$472,600
55% above avg
Zillow Home Value
$568,421
Zillow ZHVI
Median Rent
$1,612/mo
23% above avg
Zillow Rent
$2,301/mo
Zillow ZORI
Price-to-Rent Ratio
24.4x
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 50.4%
Renter-occupied 49.6%

💰 Estimated Monthly Budget

Rent median rent
$1,612
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,226/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
34.2 min
27% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
7.6%

Commute Mode

Drove alone
67.4%
Carpooled
10.7%
Public transit
7.3%
Walked
2.4%
Bicycle
0.0%
Work from home
7.6%

⚡ 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
$74,715
0% below avg
Per Capita Income
$35,083
Unemployment Rate
4.6%
4% below avg
Poverty Rate
13.7%
Labor Force Participation
66.6%

🎓 Education

Bachelor's degree+ 15.5%
Graduate degree 7.8%

👥 Demographics

Median Age 36.8
Male median age 35.5
Female median age 37.7

💨 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

79%
4-Year Graduation Rate
13.7:1
Student-teacher ratio
25
Public schools
16,088
Total enrollment

Frequently Asked Questions

What is the cost of living in Lynn, MA?

Lynn has a cost index of 142 (100 = national average). It is 42% above the national average.

What is average rent in Lynn, MA?

The median gross rent in Lynn is $1,612 per month based on 2023 Census data.

What is the average home price in Lynn?

The median home value in Lynn is $472,600 according to Zillow and Census data.

What is the median income in Lynn?

The median household income in Lynn is $74,715 per year (2023 ACS 5-year estimates).

What is the sales tax in Lynn, MA?

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

Is Lynn, MA affordable?

Lynn is above average in cost of living, with an index of 142 — about 42% higher than the national average.

Lynn at a Glance

Population
100,905
Median Income
$74,715
Home Value
$472,600
Median Rent
$1,612/mo
Unemployment
4.6%
Sales Tax
6.3%
View all cities in Massachusetts →

Nearby Cities

🗺️ County data for Massachusetts

Explore county-level cost of living data

Massachusetts Rankings

Similar Cost Cities

Cities in other states with comparable housing costs