Boston-Cambridge-Quincy, NH vs Lawrence, NH
A 2-bedroom in Lawrence costs $671 less per month than Boston-Cambridge-Quincy ($2,270 vs $2,941). Median income is $112,484 in Boston-Cambridge-Quincy and $112,484 in Lawrence. That's a difference of $8,052 per year in housing costs.
Side-by-Side Comparison
| Metric | Boston-Cambridge-Quincy | Lawrence |
|---|---|---|
| Studio FMR | $2,359 | $1,565 |
| 1BR FMR | $2,476 | $1,730 |
| 2BR FMR | $2,941 | $2,270 |
| 3BR FMR | $3,526 | $2,722 |
| 4BR FMR | $3,894 | $3,006 |
| Median Income | $112,484 | $112,484 |
| Rent Burden | 31.4% | 24.2% |
| Actual Median Rent | $1,940 | $1,940 |
| Median Home Value | $610,900 | $610,900 |
| Population | 4.9M | 4.9M |
| Renter % | 38.2% | 38.2% |
| Vacancy Rate | 5.9% | 5.9% |
| Poverty Rate | 8.9% | 8.9% |
| YoY Change | +4% | +18.4% |
| Min Wage | $7.25/hr | $7.25/hr |
Income Required to Afford a 2-Bedroom
Frequently Asked Questions
Lawrence, NH is more affordable with a 2BR FMR of $2,270/mo, which is $671 less than Boston-Cambridge-Quincy at $2,941/mo. However, when considering local incomes, Boston-Cambridge-Quincy has a rent burden of 31.4% vs 24.2% in Lawrence.
A 2-bedroom in Boston-Cambridge-Quincy, NH costs $2,941/mo at Fair Market Rent, while in Lawrence, NH it's $2,270/mo, a difference of $671/mo or $8,052/year.
To afford a 2BR without spending more than 30% of income on rent: Boston-Cambridge-Quincy requires $117,640/year ($57/hr). Lawrence requires $90,800/year ($44/hr).