Lawrence, MA vs Lowell, MA

Lawrence, MA and Lowell, MA have a very similar cost of living, with only a 1% difference in their overall index. Lawrence scores 118 while Lowell scores 120 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Lawrence is $1,569/month compared to $1,603/month in Lowell — a 2% difference. Home values follow the same pattern: Lawrence is more affordable at $393,500 median vs $395,100.

Median household income in Lawrence is $57,903 compared to $76,205 in Lowell (-24%). While Lowell is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Lawrence spend roughly 32.5% of their income on rent, more than the 25.2% in Lowell. The Lowell ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.

Climate-wise, both cities share similar average temperatures (50.1°F vs 50.1°F). Lowell receives more rainfall at 40.9" per year compared to 40.9" in Lawrence.