35575 Lynn, AL is a small town located in the northwest corner of the state. It has a population of around 793 people and is economically stable. Rent for two bedroom apartments in the area averages at $670 per month, which is much lower than the national average of $1,430. Grocery costs are also cheaper here with an index rating of 91 compared to the US average of 100. Local businesses in 35575 Lynn range from grocery stores to convenience stores, some even offering free delivery services for those who cannot leave their homes. Other places to shop or dine include banks, gas stations, florists, restaurants and more. The cost-of-living index in 35575 Lynn is lower than many other cities and towns in Alabama and overall this area provides its residents with a great quality of life at an affordable price.
Lynn (zip 35575) has an unemployment rate of 2.6%. The US average is 6.0%.
Lynn (zip 35575) has seen the job market increase by 2.1% over the last year. Future job growth over the next ten years is predicted to be 39.5%, which is higher than the US average of 33.5%.
Tax Rates for Lynn (zip 35575)
- The Sales Tax Rate for Lynn (zip 35575) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Lynn (zip 35575) 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 Lynn (zip 35575)
- The average income of a Lynn (zip 35575) resident is $20,569 a year. The US average is $28,555 a year.
- The Median household income of a Lynn (zip 35575) resident is $43,289 a year. The US average is $69,021 a year.