Lynn, AR is an affordable place to live. According to the provided information, the 2 bedroom rent in Lynn is $710 compared to a national average of $1,430. Additionally, the Grocery Cost Index in Lynn is 92 versus 100 in the US overall. In terms of companies that are local to Lynn, AR there are a few worth mentioning such as Wicker’s Finest Quality Meats, which offers quality meats and products; U-Save Pharmacy, which provides medication and other health care needs; and Bolin Tire & Automotive Services Center, a tire shop providing car repairs and maintenance services.
Lynn has an unemployment rate of 5.0%. The US average is 6.0%.
Lynn has seen the job market decrease by -1.4% over the last year. Future job growth over the next ten years is predicted to be 22.2%, which is lower than the US average of 33.5%.
Tax Rates for Lynn
- The Sales Tax Rate for Lynn is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Lynn is 6.9%. 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 $23,870 a year. The US average is $37,638 a year.
- The Median household income of a Lynn resident is $42,440 a year. The US average is $69,021 a year.