Economy in Lynnfield, Massachusetts
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Economy
| Unemployment Rate | 5.80% | 9.10% |
| Recent Job Growth | 0.38% | -0.12% |
| Future Job Growth | 34.96% | 31.25% |
| Sales Taxes | 5.00% | 6.80% |
| Income Taxes | 5.30% | 6.25% |
| Income per Cap. | $50,020 | $27,067 |
| Household Income | $102,414 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 4.02% | 12.10% |
| Income between 15K and 25K | 3.49% | 10.18% |
| Income between 25K and 35K | 5.40% | 10.56% |
| Income between 35K and 50K | 7.19% | 14.98% |
| Income between 50K and 75K | 13.29% | 19.53% |
| Income between 75K and 100K | 15.32% | 12.52% |
| Income between 100K and 150K | 21.88% | 12.14% |
| Income between 150K and 250K | 11.06% | 3.91% |
| Income between 250K and 500K | 14.96% | 3.34% |
| Income greater than 500K | 3.39% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 25.32% | 13.81% |
| Professional and Related Occupations | 28.58% | 22.68% |
| Service | 9.29% | 14.51% |
| Sales and Office | 24.67% | 25.22% |
| Farming, Fishing, and Forestry | 0.02% | 0.68% |
| Construction, Extraction, and Maintenance | 4.88% | 9.37% |
| Production, Transportation, and Material Moving | 5.29% | 15.86% |
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
