Cost of Living in Lawrence, MA
Population: 88,297 • 2026 Data
$57,903
Median Household Income
-25% vs national
$1,569
Median Monthly Rent
+16% vs national
$393,500
Median Home Value
+16% vs national
8.7%
Unemployment Rate
Housing in Lawrence
The median home value in Lawrence, MA is $393,500. Monthly rent for a typical unit averages $1,569, while total monthly housing costs (including utilities and insurance) average $1,613.
Rent-to-income ratio: 32.5%. This exceeds the recommended 30% threshold, indicating housing costs may be a burden for median-income households.
Income and Employment
The median household income in Lawrence, MA is $57,903. The unemployment rate stands at 8.7%, with a labor force of 46,093 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.