02723 receives the higher standardized Area Score. That reflects AreaProfile's weighting, not a judgment about which place is better to live in.
Signals
01840
02723
Opportunity
21 · Bottom 3%
vs23 · Bottom 4%
Growth
33 · Bottom 22%
vs42 · Bottom 37%
Climate
63 · Bottom 26%
vs64 · Bottom 31%
Physical resilience
78 · Top 26%
vs89 · Top 12%
Housing affordability
16 · Bottom 1%
vs40 · Bottom 6%
Schools
17 · Bottom 7%
vs21 · Bottom 11%
Access
92 · Bottom 47%
vs96 · Top 37%
Economic stability
52 · Bottom 36%
vs41 · Bottom 20%
Measured values
| Metric | 01840 | 02723 | Source period |
|---|---|---|---|
| Population | 8,522 | 17,067 | 2024 ACS 5-Year |
| Median household income | $42,211 | $47,633 | 2024 ACS 5-Year |
| Per capita income | $23,811 | $30,327 | 2024 ACS 5-Year |
| Population density | 16,710/sq mi | 10,700/sq mi | 2024 ACS 5-Year |
| Median gross rent | $1,413 | $1,118 | 2024 ACS 5-Year |
| Homeownership rate | 2.5% | 31.8% | 2024 ACS 5-Year |
| Unemployment rate | 6.1% | 5.5% | June 2026 |
| Employment change (year over year) | -1.7% | -2.1% | June 2026 |
| Bachelor's degree or higher | 18.3% | 13.4% | 2024 ACS 5-Year |
| Poverty rate | 24.7% | 22.4% | 2024 ACS 5-Year |
| Housing units permitted (12 months) | 12 | 60 | 12 months ending July 2026 |
| Permits per 1,000 residents | 0.1 | 0.6 | 12 months ending July 2026 |
| Permit change (year over year) | 9.1% | 1.7% | 12 months ending July 2026 |
| Average July high | 83°F | 83°F | 1991-2020 Normals |
| Average January low | 19°F | 21°F | 1991-2020 Normals |
| Annual precipitation | 40.9" | 45.9" | 1991-2020 Normals |
| Distance to major airport | 21 mi | 15 mi | NASR current cycle |
| Average commute | 24.6 min | 27.7 min | 2024 ACS 5-Year |
| Median age | 33.6 | 37.4 | 2024 ACS 5-Year |
| Public schools | 4 | 4 | 2024-25 school year |
| Students per teacher | 12.67 | 11.09 | 2024-25 school year |
| Math proficiency | 5.5% | 7.2% | 2019-20 school year |
| Reading proficiency | 11.4% | 18.0% | 2019-20 school year |
A bolded value is the more favorable of the two where the metric has a clear direction. Metrics like population and density have no inherent better or worse and are shown unweighted.
Physical risk tradeoff
01840
Elevated or high exposure: coastal flooding, earthquake, hurricane.
02723
Elevated or high exposure: hurricane.
Full profiles: 01840 — Lawrence, MA · 02723 — Fall River, MA · How this is calculated: methodology