Cost of Living in Lynnfield, MA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
265.1
100 = national avg
+165.1 vs national average
Living Wage (1 Adult)
$116,629
per year
Living Wage (Family of 4)
$275,668
per year
Cost Index by Category
Housing349.3
Food181.8
Transportation263.7
Healthcare165.5
Utilities199.0
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 Lynnfield is 265.1, which is 165.1% above the national average. Housing costs are above the national average at an index of 349.3. A single adult needs to earn approximately $116,629 per year to cover basic expenses.