Living in Lynnfield, Massachusetts
Cost of living, income, home prices, rent and demographics of Lynnfield · Census data 2020–2024
Lynnfield has 13,064 residents with a median age of 41.4. The median household income is $175,265 (69% higher than the Massachusetts median), the median home value is $917,600, the median rent is $2,676/month.
Lynnfield at a glance
- Population
- 13,064
- Median age
- 41.4State: 40
- Median household income
- $175,265State: $103,960
- Median home value
- $917,600State: $562,100
- Median rent
- $2,676/moState: $1,762
- Homeowners
- 87.3%
- Bachelor's degree or higher
- 62.7%
- Average commute
- 32 min
Is Lynnfield a good place to live?
Pros: Median household income 69% higher than the Massachusetts median; unemployment of 3%; a poverty rate of 6%.
Cons: Home values 63% higher than the state median; an average commute of 32 minutes.
The weather is best in June to September.
Cost of living in Lynnfield
Housing is the biggest part of the cost of living. In Lynnfield the median home value is $917,600, 176% higher than the U.S. median. Renters pay a median of $2,676 per month, which is 40.1% of household income. Homeowners with a mortgage pay $3,620 a month in housing costs.
Lynnfield median household income
The median household income in Lynnfield is $175,265 and the income per person is $78,330. 6% of residents live below the poverty line (Massachusetts: 10%).
Housing in Lynnfield: homes for sale and rent
- Housing units
- 4,597
- Owner-occupied
- 87.3%
- Renter-occupied
- 12.7%
- Vacant
- 2.1%Includes seasonal homes
- Median year built
- 1964
- Average household size
- 2.89
Lynnfield demographics
- Population
- 13,064
- Median age
- 41.4
- Under 18
- 28%
- 65 and older
- 17.9%
- Households
- 4,502
- Foreign-born
- 10.7%
- Veterans
- 3.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Lynnfield ›
Education in Lynnfield
62.7% of adults 25 and older in Lynnfield have a bachelor's degree or higher (Massachusetts: 47.3%), and 30.4% have a graduate or professional degree.
Jobs and commute in Lynnfield
- Unemployment rate
- 3%State: 5.2%
- Average commute
- 32 minState: 29 min
- Work from home
- 27.4%
- Drive alone
- 63.8%
- Public transit
- 3.1%
- Walk to work
- 0.5%
- Homes with broadband
- 96.3%
Lynnfield vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lynnfield | 13,064 | $175,265 | $917,600 | $2,676 |
| Wakefield | 27,793 | $134,306 | $723,500 | $1,958 |
| Reading | 25,612 | $165,912 | $809,000 | $1,991 |
| Peabody | 54,695 | $96,657 | $596,200 | $1,950 |
| North Reading | 15,765 | $147,768 | $710,500 | $2,259 |
| Saugus | 28,773 | $101,539 | $603,400 | $2,241 |
| Stoneham | 23,355 | $113,964 | $671,900 | $2,035 |
| Danvers | 28,098 | $125,395 | $644,200 | $2,076 |
| Middleton | 9,816 | $167,402 | $742,700 | $1,407 |
More for people moving to Lynnfield
Lynnfield ZIP code ›Weather and climate ›Living in Lynnfield: FAQ
What is the median household income in Lynnfield, MA?
The median household income in Lynnfield is $175,265, 69% higher than the Massachusetts median of $103,960 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Lynnfield?
The median home value in Lynnfield is $917,600, compared with $562,100 in Massachusetts.
How much is rent in Lynnfield?
The median gross rent in Lynnfield is $2,676 per month, about 40.1% of household income.
Is Lynnfield, MA a good place to live?
Pluses: median household income 69% higher than the Massachusetts median; unemployment of 3%; a poverty rate of 6%. Minuses: home values 63% higher than the state median; an average commute of 32 minutes.
What is the median age in Lynnfield?
The median age in Lynnfield is 41.4 years (Massachusetts: 40).
How long is the commute in Lynnfield?
The average commute to work in Lynnfield is 32 minutes; 27.4% of workers work from home.
What is the unemployment rate in Lynnfield?
The unemployment rate in Lynnfield is 3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lynnfield?
62.7% of adults in Lynnfield have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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