Lynwood, CA (zip code 90262) is a city located in Los Angeles County with an estimated population of over 70,000 people. The average two bedroom rent in Lynwood is $1,880 which is higher than the national average of $1,430. Grocery costs are also higher with the Grocery Cost Index being 101 versus 100 for the US.
The city of Lynwood has several renowned companies such as Best Buy Distribution Center, Target Stores and Walmart Distribution Center. Other popular local businesses include Barton-Crockett Industries and California Poultry Producers Cooperative Association Inc., both of which provide quality products at competitive prices. The cost of living in Lynwood may be high but its close proximity to major cities like Los Angeles make it a great place to live for those looking for convenience without sacrificing affordability.
Lynwood (zip 90262) has an unemployment rate of 14.8%. The US average is 6.0%.
Lynwood (zip 90262) has seen the job market decrease by -12.2% over the last year. Future job growth over the next ten years is predicted to be 30.8%, which is lower than the US average of 33.5%.
Tax Rates for Lynwood (zip 90262)
- The Sales Tax Rate for Lynwood (zip 90262) is 10.3%. The US average is 7.3%.
- The Income Tax Rate for Lynwood (zip 90262) is 9.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lynwood (zip 90262)
- The average income of a Lynwood (zip 90262) resident is $18,401 a year. The US average is $37,638 a year.
- The Median household income of a Lynwood (zip 90262) resident is $61,941 a year. The US average is $69,021 a year.