Lawrence is a city in Massachusetts state in USA with a population of 80022 residents.. The poverty rate of Lawrence is 21%, which is 50% higher than national average. The typical household in Lawrence earns $45045 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 5 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 11 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 54.7% of households earn less than $50,000 a year compared to 39% national rate. With a lack of available jobs, many in Lawrence are struggling financially. Nearly one in every 1 in every 9 workers in Lawrence is unemployed. The high jobless rate has likely contributed to the widespread poverty in the city.

A high school education is a basic prerequisite for most jobs, and in Lawrence, only 68% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Lawrence remained 11%, which is 134% higher than national rate. Nearly 2 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Lawrence, only 13% of adults have a bachelor's degree and 24% have some college but no degree.

Cost of living in Lawrence is 120, which is 20% higher than national average. Median home value in Lawrence is $280800 , which is 22% higher than national average. While median income in Lawrence remained $45045, which is 33% lower than national average.