Lynn, MA Cost Of Living
Cost Of Living In Lynn, MA Summary
Cost of living in Lynn research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Lynn is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Massachusetts, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Lynn is 137, with 100 being the average.
The cost of living index in Lynn is 1.4x higher than the national average.
Lynn ranks as the #49 cheapest in Massachusetts out of 112.
Lynn ranks as the #5,293 cheapest out of 6,489 in the US.
The median home value in Lynn is $575,786.
The median income in Lynn is $74,715.
Table Of Contents
Lynn's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Lynn, MA?
According to the most recent data on the cost of living, Lynn has an overall cost of living index of 137, which is 1.4x higher than the national index of 100.
Compared to Massachusetts, Lynn has a cost of living index that's 1.0x higher than Massachusetts's index of 134.
The standard of living in Lynn ranks as #49 most affordable out of the 112 places we measured in Massachusetts. By definition, that implies Lynn ranks as the #63 most expensive place in the Bay State.
For more reading on life in Lynn, check out:
In Massachusetts
In America
Lynn Cost Of Living Vs. Massachusetts
Six factors go into calculating the cost of living index in Lynn. Here is how it fairs on each of the criteria:
The Services index in Lynn is 123.
The Groceries index in Lynn is 106.
The Health index in Lynn is 114.
The Housing index in Lynn is 175.
The Transportation index in Lynn is 118.
The Utilities index in Lynn is 132.
| Living Expense | Lynn | Massachusetts | National Average | |
|---|---|---|---|---|
| Overall | 137 | 134 | 100 | |
| Services | 123 | 121 | 100 | |
| Groceries | 106 | 106 | 100 | |
| Health | 114 | 112 | 100 | |
| Housing | 175 | 164 | 100 | |
| Transportation | 118 | 120 | 100 | |
| Utilities | 132 | 136 | 100 | |
Lynn, MA Housing Cost Breakdown
Housing swings affordability the most between places in Massachusetts, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Lynn is $575,786.
The Median Rent in Lynn is $1,612.
The Median Income in Lynn is $74,715.
The Home Value To Income in Lynn is 7.7x.
The Rent To Monthly Income in Lynn is 0.26x.
| Statistic | Lynn | Massachusetts | United States |
|---|---|---|---|
| Median Home Value | $575,786 | $649,115 | $303,400 |
| Median Rent | $1,612 | $1,687 | $1,348 |
| Median Income | $74,715 | $101,341 | $78,538 |
| Home Value To Income | 7.7x | 6.4x | 3.9x |
| Rent To Monthly Income | 0.26x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Lynn, MA Costs By Category
Detailed Lynn Services Costs Vs. Massachusetts
| Item | Lynn | Massachusetts |
|---|---|---|
| Shampoo | $1.49 | $1.28 |
| Movie | $15.49 | $12.13 |
| Bowling | $29.33 | $18 |
| Haircut | $43.72 | $24.26 |
| Beauty Salon | $65.56 | $45.56 |
Detailed Lynn Groceries Costs Vs. Massachusetts
| Item | Lynn | Massachusetts |
|---|---|---|
| Ground Beef | $5.48 | $5.84 |
| Fried Chicken | $1.45 | $1.57 |
| Milk | $4.76 | $4.67 |
| Potatoes | $4.99 | $4.93 |
| Pizza | $12.52 | $12.09 |
| Beer | $10.21 | $10.41 |
| Toothpaste | $3.53 | $3.7 |
Detailed Lynn Health Costs Vs. Massachusetts
| Item | Lynn | Massachusetts |
|---|---|---|
| Optometrist | $123.17 | $125.68 |
| Doctor | $157.89 | $135.78 |
| Dentist | $149.22 | $113.29 |
Detailed Lynn Transportation Costs Vs. Massachusetts
| Item | Lynn | Massachusetts |
|---|---|---|
| Gasoline | $3.43 | $3.46 |
| Tire Balancing | $97.39 | $59.92 |
Detailed Lynn Utilities Costs Vs. Massachusetts
| Item | Lynn | Massachusetts |
|---|---|---|
| All Electricity | $302.72 | $193.99 |
| Phone | $187.85 | $192.25 |
Lynn SnackAbility
/10
Cost Of Living In Cities Around Lynn
The cost of living varies in the cities and towns around Lynn. Here's a quick look at the cost of living in the most populous nearby places:
Newton, MA has a cost of living index of 208, 1.5x Lynn.
Malden, MA has a cost of living index of 150, 1.1x Lynn.
Brookline, MA has a cost of living index of 221, 1.6x Lynn.
| City | Population | Cost Of Living | Vs. Lynn |
|---|---|---|---|
| Newton, MA | 88,504 | 208 | 1.5x |
| Malden, MA | 65,509 | 150 | 1.1x |
| Brookline, MA | 62,822 | 221 | 1.6x |
| Revere, MA | 59,933 | 141 | 1.0x |
| Peabody, MA | 54,180 | 146 | 1.1x |
| Arlington, MA | 46,015 | 179 | 1.3x |
| Salem, MA | 44,241 | 137 | 1.0x |
| Lexington, MA | 34,085 | 211 | 1.5x |
| Needham, MA | 32,059 | 202 | 1.5x |
| Melrose, MA | 29,488 | 166 | 1.2x |
