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Economy in Lynnfield, Massachusetts

Overview, People, Health, Economy, Housing, Rankings, Crime
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Economy
EconomyLynnfield, MAUnited States
Unemployment Rate5.80%9.10%
Recent Job Growth0.38%-0.12%
Future Job Growth34.96%31.25%
Sales Taxes5.00%6.80%
Income Taxes5.30%6.25%
Income per Cap.$50,020$27,067
Household Income$102,414$52,954
ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME
Income Less Than 15K4.02%12.10%
Income between 15K and 25K3.49%10.18%
Income between 25K and 35K5.40%10.56%
Income between 35K and 50K7.19%14.98%
Income between 50K and 75K13.29%19.53%
Income between 75K and 100K15.32%12.52%
Income between 100K and 150K21.88%12.14%
Income between 150K and 250K11.06%3.91%
Income between 250K and 500K14.96%3.34%
Income greater than 500K3.39%0.75%
POPULATION BY OCCUPATION
Management, Business, and Financial Operations25.32%13.81%
Professional and Related Occupations28.58%22.68%
Service9.29%14.51%
Sales and Office24.67%25.22%
Farming, Fishing, and Forestry0.02%0.68%
Construction, Extraction, and Maintenance4.88%9.37%
Production, Transportation, and Material Moving5.29%15.86%
Median Household Income

The unemployment rate in Lynnfield, MA, is 5.80%, with job growth of 0.38%. Future job growth over the next ten years is predicted to be 34.96%.

Lynnfield, MA Taxes

Lynnfield, MA,sales tax rate is 5.00%. Income tax is 5.30%.

Lynnfield, MA Income and Salaries

The income per capita is $50,020, which includes all adults and children. The median household income is $102,414.


Lynnfield Economy SperlingViews

If you have to ask...you can't afford it.: Lynnfield is a very, very ,very expensive place to live, and unless you are a professional athlete or own your own high-end restaurant, you will never live here. Every... (read more)Have an opinion about Lynnfield? Leave a commentTo See All SperlingViews for Lynnfield Click Here