North Lynnwood, WA is a great place to live in for those who are looking for a suburban lifestyle with access to some of the best amenities that the Pacific Northwest has to offer. Rent for a two bedroom apartment in North Lynnwood averages at $2,150 while the national average is only $1,430. Grocery cost index in North Lynnwood is also higher than the US average at 104 compared to 100. This area is home to several popular companies such as Microsoft which has a major presence in nearby Redmond, and Boeing which has its headquarters in Everett. The cost of living is higher here than the national average but so are wages and salaries making it easier to afford day-to-day expenses.
North Lynnwood has an unemployment rate of 6.3%. The US average is 6.0%.
North Lynnwood has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 40.8%, which is higher than the US average of 33.5%.
Tax Rates for North Lynnwood
- The Sales Tax Rate for North Lynnwood is 10.3%. The US average is 7.3%.
- The Income Tax Rate for North Lynnwood is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for North Lynnwood
- The average income of a North Lynnwood resident is $26,946 a year. The US average is $28,555 a year.
- The Median household income of a North Lynnwood resident is $84,825 a year. The US average is $69,021 a year.