salaryRent is higher than in 82% of U.S. cities. A typical house costs about 6.3 years of household income, so buying is hard for most locals. Commutes are long, about 31.5 minutes each way.
How much money do I need?
To rent here comfortably, you should earn about $95,120 a year. That is $46 an hour at a full-time job.
Is rent cheaper than other Massachusetts cities?
No. Rent here is more expensive than in most of Massachusetts. It is number 65 of 123 cities from cheapest to most expensive.
How much do households earn in Lynn?
Share of households by yearly income. 27.4% of households earn $100,000 or more.
Rent by apartment size in Lynn
| Size | Lynn | U.S. average |
|---|---|---|
| Studio | $1,847 | $1,338 |
| 1 bedroom | $1,156 | $1,324 |
| 2 bedrooms | $1,984 | $1,509 |
| 3 bedrooms | $2,271 | $1,698 |
| 4 bedrooms | $2,649 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Lynn overall?
Everyday prices in Massachusetts overall are 6% above the U.S. average (index 105.8, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Lynn, so the Massachusetts figure is shown.
Taxes and bills in Lynn
Life in Lynn
Is it cheaper to rent or buy in Lynn?
Renting is cheaper right now: about $1,161 a month less.
Owning assumes a typical $510,100 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $51,010 for the down payment.
Frequently asked questions
What is the average rent in Lynn, MA?
Renting in Lynn costs a median of about $2,378 a month in 2026, including utilities. The Massachusetts median is $2,331.
How much do I need to make to live in Lynn?
To keep rent under 30% of income, you need about $95,120 a year, or $46 an hour at a full-time job.
Is Lynn cheap or expensive?
Lynn is rated Expensive: rent takes 35.3% of the typical household income of $80,934. It ranks 65th cheapest of 123 Massachusetts cities we track.
How much are property taxes in Lynn?
The median homeowner in Lynn pays $5,384 a year in property taxes, about 1.06% of the median home value.
Is Lynn more expensive than the national average?
Overall prices in Massachusetts are 6% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Lynn?
The median home value in Lynn is $510,100, about 6.3 times the typical yearly household income.
101,709 people live in Lynn. Numbers are typical (middle) values.