Cost of Living in Lawrence, MA
Housing
The housing market plays a significant role in determining the cost of living in Lawrence, MA.
- Housing Index: Data is updating
- Median Home Price is: $375,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
In Lawrence, MA, the housing index indicates a current score of 0.0, suggesting a neutral market condition. The median home price stands at 375000, reflecting the area's housing value, while rental options are currently not quantified, indicating potential market fluctuations or data gaps. Understanding the overall affordability is crucial; if saving for a down payment contrasts with rental expenses, it might be prudent to consider what your budget allows before making a move. This snapshot suggests a need for further research into living arrangements as they remain essential factors in your decision-making process.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lawrence, MA.
- Electricity Price: $28.15 USD (median by state)
- Natural Gas Price: $21.62 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): Data is updating
Living in Lawrence, MA could entail higher utility costs. Electricity costs sit at $28.15, while natural gas is priced at $21.62 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about data unavailable monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Lawrence is a financially viable option for your relocation.