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Lynnfield, MA Utility & Living Guide
Lynnfield is a charming town with a strong sense of community, offering a great quality of life for its residents
Monthly Utility Costs
$150/mo
$80/mo
$50/mo
$30/mo
$70/mo
Housing Market
| Rent & Property | |
|---|---|
| 1 Bedroom | $1400/mo |
| 2 Bedrooms | $1800/mo |
| 3 Bedrooms | $2400/mo |
| Median Home Price | $430,000 |
| Property Tax Rate | 1.23% |
| Avg Childcare/mo | $1200 |
The housing market in Lynnfield is highly competitive, with a mix of old and new homes, and a strong demand for properties. The town has a range of neighborhoods, from affordable to luxury, and a variety of housing types, including single-family homes, condos, and apartments. Overall, Lynnfield is a desirable place to live, with good schools and a convenient location.
Cost of Living
146
+20% above national average
108
94
102
$1200
Tax Rates
| Tax Overview | |
|---|---|
| Total Sales Tax | 6.25% |
| Property Tax Rate | 1.23% |
| <p>State 5.2% + No County tax + Local 1.05% option tax</p> | |
Massachusetts has a flat state income tax rate of 5.2%, with no local income tax
Family & Relocation
40
8/10
$1200/mo
City Pulse
Lynnfield has a limited public transportation system, but the town is relatively small and walkable, with some stroller-friendly sidewalks and parks
- Lynnfield Public Library
- Lynnfield Recreation Department
- MarketStreet Lynnfield
Best Neighborhoods for Families
Household Budget Calculator
Estimate your real monthly cost of living in Lynnfield based on your household profile.
Local Briefing & Neighborhood Pulse
Live Local News
Lynnfield has regulations regarding zoning, building permits, and environmental protection, and residents are encouraged to recycle and conserve water
Financial Tools
- Income Tax CalculatorEstimate take-home pay by state
- Mortgage CalculatorMonthly payment estimator
- Affordability CalculatorHow much home can you afford?
- Childcare Cost EstimatorCompare daycare costs by city
- Retirement PlannerRetirement readiness check
- Car Lease CalculatorMonthly lease payment estimator
- Savings CalculatorGrow your emergency fund
- City Comparison ToolCompare cities side by side
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📊 Lynnfield — Census & Demographic Data
Official data from the US Census Bureau, American Community Survey.
☀️ Seasonal Utility Costs
In the summer, utility costs in Lynnfield may increase due to air conditioning usage, while in the winter, costs may rise due to heating. However, the town's mild climate means that extreme temperature fluctuations are rare, and residents can expect relatively stable utility bills throughout the year.
🏛️ Local Tax Details
The ZIP code 01940 has a property tax millage rate of 1.23, with no local surtaxes
👶 Family & Stroller Friendliness
7, with good sidewalk quality and park access, but limited elevator access in transit and some areas with limited family infrastructure
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