Lynnfield, Massachusetts 

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Economy in Lynnfield, Massachusetts

Lynnfield has an unemployment rate of 7.4%. The US average is 6.0%.

Lynnfield has seen the job market increase by 4.0% over the last year. Future job growth over the next ten years is predicted to be 38.7%, which is higher than the US average of 33.5%.

Tax Rates for Lynnfield
- The Sales Tax Rate for Lynnfield is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Lynnfield is 5.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Lynnfield
- The average income of a Lynnfield resident is $48,625 a year. The US average is $28,555 a year.
- The Median household income of a Lynnfield resident is $114,816 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

  ECONOMYLynnfield, MassachusettsUnited States
  7.4%6.0%
  -9.4%-6.2%
  38.7%33.5%
  6.3%6.2%
  5.1%4.6%
  $54,270$31,177
  $117,706$57,652
  $136,221$70,850
  POPULATION BY OCCUPATION
  0.3%1.3%
  0.0%0.6%
  7.7%6.2%
  5.6%10.4%
  2.4%2.7%
  11.6%11.6%
  2.3%4.1%
  0.5%0.9%
  1.9%2.1%
  9.6%4.7%
  4.2%1.9%
  13.4%6.7%
  0.0%0.1%
  4.4%4.3%
  7.4%9.3%
  13.8%13.8%
  1.5%2.2%
  4.2%7.4%
  4.2%4.9%
  4.8%4.8%
ECONOMY MAP
  • Unemployment Rate (US Avg: 6%)
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    MAPS OF LYNNFIELD, MASSACHUSETTS
    ZIP CODES IN LYNNFIELD, MASSACHUSETTS
    01940


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