Cost of Living in Lynn
The biggest cost-of-living factor in Lynn, Massachusetts is housing. The median home is priced around $530K, or about $388 per square foot.
With 20% down on a median-priced home, the estimated monthly mortgage payment (principal and interest) is about $2,750, plus roughly $457 per month in property taxes. Rates and down payment change this figure significantly.
Lynn's FY2025 residential property tax rate is $10.36 per $1,000 of assessed value. Combined with home prices, that gives a clear picture of the monthly cost of owning in Lynn.