salaryRent here is among the highest 10% in the country. Household incomes are higher than in 96% of U.S. cities. A typical house costs about 4.9 years of household income. Commutes are long, about 32.1 minutes each way. Most homes (87.3%) are owned, so rentals can be hard to find. It is a highly educated city: 62.7% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $119,400 a year. That is $57 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 106 of 123 cities from cheapest to most expensive.
How much do households earn in Lynnfield?
Share of households by yearly income. 64.0% of households earn $100,000 or more.
Rent by apartment size in Lynnfield
| Size | Lynnfield | U.S. average |
|---|---|---|
| 1 bedroom | $2,930 | $1,324 |
| 2 bedrooms | $2,957 | $1,509 |
| 3 bedrooms | $3,500+ | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Lynnfield 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 Lynnfield, so the Massachusetts figure is shown.
Taxes and bills in Lynnfield
Life in Lynnfield
Is it cheaper to rent or buy in Lynnfield?
Renting is cheaper right now: about $3,382 a month less.
Owning assumes a typical $917,600 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $91,760 for the down payment.
Frequently asked questions
What is the average rent in Lynnfield, MA?
Renting in Lynnfield costs a median of about $2,985 a month in 2026, including utilities. The Massachusetts median is $2,331.
How much do I need to make to live in Lynnfield?
To keep rent under 30% of income, you need about $119,400 a year, or $57 an hour at a full-time job.
Is Lynnfield cheap or expensive?
Lynnfield is rated Cheap: rent takes 19.0% of the typical household income of $189,023. It ranks 106th cheapest of 123 Massachusetts cities we track.
How much are property taxes in Lynnfield?
The median homeowner in Lynnfield pays $10,000+ a year in property taxes, about 1.09% of the median home value.
Is Lynnfield 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 Lynnfield?
The median home value in Lynnfield is $917,600, about 4.9 times the typical yearly household income.
13,064 people live in Lynnfield. Numbers are typical (middle) values.