Cost of Living in Lawrence, MA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
126.0
100 = national avg
+26.0 vs national average
Living Wage (1 Adult)
$55,449
per year
Living Wage (Family of 4)
$131,062
per year
Cost Index by Category
Housing181.7
Food94.3
Transportation94.6
Healthcare95.4
Utilities112.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$2,476
per month
2 Bedroom
$2,941
per month
The overall cost of living index in Lawrence is 126.0, which is 26.0% above the national average. Housing costs are above the national average at an index of 181.7. A single adult needs to earn approximately $55,449 per year to cover basic expenses.