Stretched

What Salary Do You Need to Live in Lynn?

To afford a 2-bedroom in Lynn, you need to earn at least $72,800/year based on estimated fair market rent data. The median household income here is $70,046, which means the typical resident is $2,754 below the threshold.

Census ACS Data Pop. 100,653

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$1,274	$4,247	$50,960	$-19,086
1 Bedroom	$1,511	$5,037	$60,440	$-9,606
2 Bedroom BENCHMARK	$1,820	$6,067	$72,800	+$2,754
3 Bedroom	$2,220	$7,400	$88,800	+$18,754
4 Bedroom	$2,730	$9,100	$109,200	+$39,154

Affordability Breakdown

Where the required salary line crosses above Lynn's median income — housing becomes unaffordable for the typical resident.

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$70,046

Annual household

2BR Required Salary

$72,800

Under 30% rule

Income Gap

-$2,754

Deficit

Verdict

Stretched

Ratio: 31.2%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Lynn

Your Annual Salary

Pre-filled with Lynn's median household income

Max monthly rent you can afford$1,751

Studio

$1,274/mo

1 BR

$1,511/mo

2 BR

$1,820/mo

3 BR

$2,220/mo

4 BR

$2,730/mo

Your salary is $0 above the median income in Lynn.

Salary Comparison by Bedroom

Bars left of the marker line are affordable for Lynn's median earner. Bars to the right require above-median income.

Affordable Above Median Median Income

What This Means If You're Moving to Lynn

Renting in Lynn is stretched but not impossible. The gap is a relatively narrow $2,754, suggesting that households slightly above median can find workable arrangements — especially with studios at $1,274/month.

If you're relocating to Lynn, target the studio or 1-bedroom tier ($1,274–$1,511/month) unless your income exceeds $72,800. A roommate splitting a 2-bedroom effectively halves the individual rent burden to $910/month.

The break-even salary for comfortable living in Lynn is approximately $109,200. Below this threshold, expect housing to consume a disproportionate share of your budget, limiting discretionary spending and savings capacity.

Economic Outlook

Local Job Market & Housing Dynamics

Affording rent isn't just about housing prices—it's heavily dependent on local employment opportunities and the strength of the job market in Lynn, Massachusetts.

With a total population of 100,653, the city supports an active civilian workforce of 50,211 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $72,800 annual salary. The ratio of employed residents to the total population provides insight into the local economic health and competition for both jobs and housing.

Employed Workforce

50,211

Active civilian employees in Lynn

Frequently Asked Questions About Renting in Lynn

What salary do I need to live in Lynn, Massachusetts?

To afford a 2-bedroom in Lynn under the 30% rule, you need an annual salary of at least $72,800. The median household income in Lynn is $70,046.

Can I afford a 2-bedroom in Lynn on $70,046?

The affordability verdict for Lynn is "Stretched". The rent-to-income ratio is 31.2%, meaning there's a $2,754 income gap.

What is the average rent in Lynn compared to median income?

The median gross rent in Lynn is $1,511/month. With a median household income of $70,046, residents spend approximately 31.2% of their income on rent.

What salary do I need for a studio in Lynn?

A studio in Lynn rents for approximately $1,274/month. Under the 30% rule, you need an annual salary of $50,960 to afford this.

Is Lynn considered an affordable place to live?

Based on the deficit of $2,754 and an affordability verdict of "Stretched", Lynn is considered a stretched rental market when comparing the required 2-bedroom salary of $72,800 to the local median household income.

How Lynn Compares

Other cities in Massachusetts with salary requirements