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Cost of Living in Lawrence, MA — June 2026

What it costs to buy and own a home in Lawrence, Massachusetts — prices, monthly payments, and property taxes.

Updated June 2026 · Live MLS data
Median Home Price
$415K
Est. Monthly Payment
$2,151
Price / Sq Ft
$355
Property Tax Rate
$8.80/$1k
Est. Monthly Tax
$304

Cost of Living in Lawrence

The biggest cost-of-living factor in Lawrence, Massachusetts is housing. The median home is priced around $415K, or about $355 per square foot.

With 20% down on a median-priced home, the estimated monthly mortgage payment (principal and interest) is about $2,151, plus roughly $304 per month in property taxes. Rates and down payment change this figure significantly.

Lawrence's FY2025 residential property tax rate is $8.80 per $1,000 of assessed value. Combined with home prices, that gives a clear picture of the monthly cost of owning in Lawrence.

Browse homes for sale in Lawrence → See every active listing with photos, pricing, and full details.

Frequently Asked Questions

How much does it cost to buy a home in Lawrence, MA?

The median home in Lawrence is about $415K. With 20% down, the estimated monthly mortgage (principal & interest) is around $2,151.

What are property taxes like in Lawrence?

Lawrence's FY2025 residential rate is $8.80 per $1,000 — roughly $304 per month on a median-priced home.

Is Lawrence an expensive place to live?

Housing is the main driver. At a $415K median price, Lawrence is best compared against nearby towns — browse current listings to see your options.

Market figures are derived from live MLS data and are provided for informational purposes only. They are not an appraisal or a guarantee of value. Last updated June 2026.