Lynden, MN is an affordable city to live in and offers the same cost of living as the US average. The two bedroom rent is significantly lower than the national rate at $1,220 compared to $1,430 across the country. Additionally, grocery cost index in Lynden is 100, which is equal to the same index in the US. There are numerous local companies that contribute to its economy such as K&T Sawmill & Lumber Inc., Wenser Inc., and Lynden Door Inc. All these factors make Lynden a great place for both work and life. It is an ideal city for those looking to save money while having access to all basic amenities.
Lynden has an unemployment rate of 4.7%. The US average is 6.0%.
Lynden has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 33.8%, which is higher than the US average of 33.5%.
Tax Rates for Lynden
- The Sales Tax Rate for Lynden is 7.6%. The US average is 7.3%.
- The Income Tax Rate for Lynden 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 Lynden
- The average income of a Lynden resident is $27,375 a year. The US average is $28,555 a year.
- The Median household income of a Lynden resident is $95,769 a year. The US average is $69,021 a year.