Lynnfield, MA Cost Of Living
Cost Of Living In Lynnfield, MA Summary
Cost of living in Lynnfield 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 Lynnfield 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 Lynnfield is 182, with 100 being the average.
The cost of living index in Lynnfield is 1.8x higher than the national average.
Lynnfield ranks as the #98 cheapest in Massachusetts out of 112.
Lynnfield ranks as the #6,202 cheapest out of 6,489 in the US.
The median home value in Lynnfield is $1,073,810.
The median income in Lynnfield is $172,484.
Table Of Contents
Lynnfield's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Lynnfield, MA?
According to the most recent data on the cost of living, Lynnfield has an overall cost of living index of 182, which is 1.8x higher than the national index of 100.
Compared to Massachusetts, Lynnfield has a cost of living index that's 1.4x higher than Massachusetts's index of 134.
The standard of living in Lynnfield ranks as #98 most affordable out of the 112 places we measured in Massachusetts. By definition, that implies Lynnfield ranks as the #14 most expensive place in the Bay State.
For more reading on life in Lynnfield, check out:
In Massachusetts
In America
Lynnfield Cost Of Living Vs. Massachusetts
Six factors go into calculating the cost of living index in Lynnfield. Here is how it fairs on each of the criteria:
The Services index in Lynnfield is 122.
The Groceries index in Lynnfield is 106.
The Health index in Lynnfield is 112.
The Housing index in Lynnfield is 321.
The Transportation index in Lynnfield is 117.
The Utilities index in Lynnfield is 136.
| Living Expense | Lynnfield | Massachusetts | National Average | |
|---|---|---|---|---|
| Overall | 182 | 134 | 100 | |
| Services | 122 | 121 | 100 | |
| Groceries | 106 | 106 | 100 | |
| Health | 112 | 112 | 100 | |
| Housing | 321 | 164 | 100 | |
| Transportation | 117 | 120 | 100 | |
| Utilities | 136 | 136 | 100 | |
Lynnfield, 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 Lynnfield is $1,073,810.
The Median Rent in Lynnfield is $2,333.
The Median Income in Lynnfield is $172,484.
The Home Value To Income in Lynnfield is 6.2x.
The Rent To Monthly Income in Lynnfield is 0.16x.
| Statistic | Lynnfield | Massachusetts | United States |
|---|---|---|---|
| Median Home Value | $1,073,810 | $649,115 | $303,400 |
| Median Rent | $2,333 | $1,687 | $1,348 |
| Median Income | $172,484 | $101,341 | $78,538 |
| Home Value To Income | 6.2x | 6.4x | 3.9x |
| Rent To Monthly Income | 0.16x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Lynnfield, MA Costs By Category
Detailed Lynnfield Services Costs Vs. Massachusetts
| Item | Lynnfield | 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 Lynnfield Groceries Costs Vs. Massachusetts
| Item | Lynnfield | 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 Lynnfield Health Costs Vs. Massachusetts
| Item | Lynnfield | Massachusetts |
|---|---|---|
| Optometrist | $123.17 | $125.68 |
| Doctor | $157.89 | $135.78 |
| Dentist | $149.22 | $113.29 |
Detailed Lynnfield Transportation Costs Vs. Massachusetts
| Item | Lynnfield | Massachusetts |
|---|---|---|
| Gasoline | $3.43 | $3.46 |
| Tire Balancing | $97.39 | $59.92 |
Detailed Lynnfield Utilities Costs Vs. Massachusetts
| Item | Lynnfield | Massachusetts |
|---|---|---|
| All Electricity | $302.72 | $193.99 |
| Phone | $187.85 | $192.25 |
Lynnfield SnackAbility
/10
Cost Of Living In Cities Around Lynnfield
The cost of living varies in the cities and towns around Lynnfield. Here's a quick look at the cost of living in the most populous nearby places:
Lynn, MA has a cost of living index of 137, 0.8x Lynnfield.
Newton, MA has a cost of living index of 208, 1.1x Lynnfield.
Brookline, MA has a cost of living index of 221, 1.2x Lynnfield.
| City | Population | Cost Of Living | Vs. Lynnfield |
|---|---|---|---|
| Lynn, MA | 100,905 | 137 | 0.8x |
| Newton, MA | 88,504 | 208 | 1.1x |
| Brookline, MA | 62,822 | 221 | 1.2x |
| Peabody, MA | 54,180 | 146 | 0.8x |
| Arlington, MA | 46,015 | 179 | 1.0x |
| Woburn, MA | 41,205 | 154 | 0.8x |
| Lexington, MA | 34,085 | 211 | 1.2x |
| Melrose, MA | 29,488 | 166 | 0.9x |
| Saugus, MA | 28,599 | 140 | 0.8x |
| Danvers, MA | 27,924 | 148 | 0.8x |
