Lawrence, MA vs Malden, MA

There is a significant gap in the cost of living between these two cities. Lawrence is 21.6% cheaper than Malden. With a cost index of 118 vs 151, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Lawrence to Malden should plan for substantially higher expenses across most categories.

On the housing front, median rent in Lawrence is $1,569/month compared to $2,066/month in Malden — a 24% difference. Home values follow the same pattern: Lawrence is more affordable at $393,500 median vs $607,500.

Median household income in Lawrence is $57,903 compared to $95,298 in Malden (-39.2%). While Malden 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 26% in Malden. The Malden 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 51.9°F). Malden receives more rainfall at 43.6" per year compared to 40.9" in Lawrence.