Lynwood, CA is an up-and-coming city located in Los Angeles County. It has become increasingly popular due to its affordable housing and close proximity to downtown Los Angeles. The average rent for a two-bedroom apartment in Lynwood is $1,850 per month which is significantly lower than the US average of $1,430. Additionally, groceries are slightly more expensive in Lynwood with a grocery cost index of 101 versus 100 in the US.
Lynwood boasts several major local companies including Puma Biotechnology, Rich Products Corporation and Bimbo Bakeries USA. These businesses provide ample employment opportunities for those who live in the area. Moreover, Lynwood’s access to downtown Los Angeles makes it appealing to those seeking big city career opportunities.
Overall, Lynwood offers an affordable and accessible lifestyle that appeals to a wide variety of people. With its low cost of living and diverse job market, it is no surprise that this charming city continues to gain popularity.
Lynwood has an unemployment rate of 14.8%. The US average is 6.0%.
Lynwood has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 30.8%, which is lower than the US average of 33.5%.
Tax Rates for Lynwood
- The Sales Tax Rate for Lynwood is 10.3%. The US average is 7.3%.
- The Income Tax Rate for Lynwood is 9.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lynwood
- The average income of a Lynwood resident is $12,580 a year. The US average is $28,555 a year.
- The Median household income of a Lynwood resident is $61,612 a year. The US average is $69,021 a year.