Cost of Living in Lawrence
Lawrence's cost of living runs genuinely below the Massachusetts statewide picture, anchored by affordable housing and a below-average property tax rate.
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Learn moreGenuinely affordable housing costs
Lawrence's median home value ran approximately $280,800 -- well below Massachusetts's own $667,265 statewide average home value.
A genuinely below-average property tax rate
Lawrence's FY2025 residential property tax rate (~0.88% effective) runs approximately 29% below the Massachusetts statewide average, per this pass's research.
Weigh household income directly against local costs
Lawrence's own median household income runs substantially below the Massachusetts statewide figure -- a real, honest factor worth weighing directly alongside the city's genuinely lower costs.
Key takeaways
- Lawrence's housing costs run genuinely below the Massachusetts statewide average.
- Lawrence's property tax rate runs approximately 29% below the Massachusetts statewide average.
- Lawrence's median household income also runs substantially below the statewide figure -- weigh both together.
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