Lynwood, IL is an attractive city for its affordable living costs and convenient services. With two bedroom rent being $1,210 which is far below the US average of $1,430, it is an affordable place to live. Even with its cheaper rent, Lynwood does not compromise on amenities as evidenced by its grocery cost index of 92 versus 100 in the US. In addition to affordability, Lynwood offers many local attractions like the Jessie White Park District which features a public pool and sport courts and forests of trees for recreational activities. There are also many companies and businesses in Lynwood such as Chicago’s Pizza & Pub along with other eateries that serve delicious meals. Lastly, there are stores such as Walmart located in the area for shopping needs. Altogether these amenities make Lynwood a great place to live and visit alike.
Lynwood has an unemployment rate of 8.4%. The US average is 6.0%.
Lynwood has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 25.8%, 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 5.0%. 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 $21,717 a year. The US average is $28,555 a year.
- The Median household income of a Lynwood resident is $90,185 a year. The US average is $69,021 a year.