What you need to earn to afford rent in Lynn

At the typical $2,307/month, the usual "rent ≤ 30% of income" guideline puts the income needed to afford Lynn at about $92,280 a year.

Income needed by ZIP code

"Typical rent" is the Zillow ZORI market rate across all unit sizes — a one-bedroom runs below these figures and a three-bedroom above (see what rent costs by bedroom size). Income needed = annual rent ÷ 30%; the wage assumes one full-time earner working 2,080 hours a year.

Can a typical Lynn household afford that?

The median Lynn household earns $74,715 a year (Census, all households) — about $17,565 short of the $92,280 the typical rent calls for. A household right at the Lynn median would spend roughly 37% of gross income on a typical unit, past the 30% affordability line.

And that median counts every household, owners included — renters earn less. The Census puts the median Lynn renter's rent at 33.9% of their income, already over the 30% line that defines "cost-burdened" — the lived-in number behind the math above. More on who rents in Lynn →

Where the 30% rule comes from (and its limits)

• It's a federal guideline, not a law. Spending more than 30% of gross income on housing is HUD's definition of "cost-burdened." It's a rule of thumb for budgeting — nobody is required to follow it, and plenty of renters spend well above it.
• Landlords often want more than this. Many require income of 40× the monthly rent (≈3× a year's rent) before approving an application — a stricter bar than the 30% rule. If you're checking whether you'll qualify, that's usually the number that matters.
• The up-front cash is separate. Income covers the monthly rent; getting keys also takes a lump sum at signing — see what it legally costs to move in.
• It's gross (pre-tax) income. After taxes, the share of your take-home pay going to rent is higher than 30%.
• Two incomes change everything. The full-time wage shown assumes a single earner; split across two people the per-person figure roughly halves.

Source & caveats

Rent figures are the Zillow Observed Rent Index (ZORI) — typical observed market rent, used with attribution. The income-needed math is just that rent against the 30% standard; we don't estimate or adjust it. Local income and rent-burden figures come from the U.S. Census Bureau's American Community Survey (2019–2023 ACS 5-year), a separate dataset that lags the market and carries margins of error. See the methodology for how the sources fit together, the fair-market-rent page for bedroom-by-bedroom figures, and the Lynn rent overview for the current market.

First published June 14, 2026 · Page last updated September 10, 2026 · rent index data through July 2026.