Lynn, MN is a small city that offers its residents an ideal combination of affordability and convenience. With 2 bedroom rent costing only $840 per month, it is much more affordable than the national average of $1,430. Even grocery costs are lower in Lynn, with an index score of 98 compared to 100 in the US. For those looking for career opportunities, Lynn has several local companies such as Waste Management Inc., 3M Company, and Starkey Hearing Technologies providing jobs to the community. Moreover, there are plenty of attractions for visitors and locals alike to explore.
Lynn has an unemployment rate of 5.1%. The US average is 6.0%.
Lynn has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 19.8%, which is lower than the US average of 33.5%.
Tax Rates for Lynn
- The Sales Tax Rate for Lynn is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Lynn is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lynn
- The average income of a Lynn resident is $30,711 a year. The US average is $28,555 a year.
- The Median household income of a Lynn resident is $79,750 a year. The US average is $69,021 a year.