Affordable

What Salary Do You Need to Live in Lynnfield?

To afford a 2-bedroom in Lynnfield, you need to earn at least $91,120/year based on estimated fair market rent data. The median household income here is $160,931, which means the typical resident is $69,811 above the threshold.

Census ACS Data Pop. 12,925

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$1,595	$5,317	$63,800	$-97,131
1 Bedroom	$1,891	$6,303	$75,640	$-85,291
2 Bedroom BENCHMARK	$2,278	$7,593	$91,120	$-69,811
3 Bedroom	$2,779	$9,263	$111,160	$-49,771
4 Bedroom	$3,417	$11,390	$136,680	$-24,251

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$160,931

Annual household

2BR Required Salary

$91,120

Under 30% rule

Income Gap

+$69,811

Surplus

Verdict

Affordable

Ratio: 17.0%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Lynnfield's median household income

Max monthly rent you can afford$4,023

Studio

$1,595/mo

1 BR

$1,891/mo

2 BR

$2,278/mo

3 BR

$2,779/mo

4 BR

$3,417/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Lynnfield

Lynnfield, Massachusetts stands out as one of the more financially accessible housing markets in the state. The median household income of $160,931 significantly exceeds the $91,120 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $69,811 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Lynnfield, a studio at $1,595/month offers an even more aggressive savings rate. Even a 3-bedroom at $2,779/month remains accessible for dual-income households earning above $111,160.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $136,680 would position you well — though many residents in Lynnfield manage on less given the favorable rent-to-income dynamics.

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 Lynnfield, Massachusetts.

With a total population of 12,925, the city supports an active civilian workforce of 6,530 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $91,120 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

6,530

Active civilian employees in Lynnfield

Frequently Asked Questions About Renting in Lynnfield

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

To afford a 2-bedroom in Lynnfield under the 30% rule, you need an annual salary of at least $91,120. The median household income in Lynnfield is $160,931.

Can I afford a 2-bedroom in Lynnfield on $160,931?

The affordability verdict for Lynnfield is "Affordable". The rent-to-income ratio is 17.0%, meaning median earners have a $69,811 surplus.

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

The median gross rent in Lynnfield is $1,891/month. With a median household income of $160,931, residents spend approximately 17.0% of their income on rent.

What salary do I need for a studio in Lynnfield?

A studio in Lynnfield rents for approximately $1,595/month. Under the 30% rule, you need an annual salary of $63,800 to afford this.

Is Lynnfield considered an affordable place to live?

Based on the surplus of $69,811 and an affordability verdict of "Affordable", Lynnfield is considered a affordable rental market when comparing the required 2-bedroom salary of $91,120 to the local median household income.

How Lynnfield Compares

Other cities in Massachusetts with salary requirements