Zip 01904 (Lynn, MA) Economy


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Lynn, MA 01904 is a city located in the eastern United States. It's population is approximately 90,000 people and the median 2 bedroom rent rate is $2,210 which is slightly higher than the US average of $1,430. Furthermore, the grocery cost index in Lynn is 108 versus 100 in the US. Despite a higher cost of living than other areas, Lynn has multiple job opportunities for those looking for employment. Companies such as Laboure College, GEICO Insurance Agency, and Orchard Cove are just a few of the many companies hiring in Lynn right now. Additionally, new businesses are popping up all over town giving residents more opportunities to find work that fits their needs and lifestyle.

Lynn (zip 01904) has an unemployment rate of 9.3%. The US average is 6.0%.

Lynn (zip 01904) has seen the job market increase by 4.2% over the last year. Future job growth over the next ten years is predicted to be 38.2%, which is higher than the US average of 33.5%.

Tax Rates for Lynn (zip 01904)
- The Sales Tax Rate for Lynn (zip 01904) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Lynn (zip 01904) 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 Lynn (zip 01904)
- The average income of a Lynn (zip 01904) resident is $34,535 a year. The US average is $28,555 a year.
- The Median household income of a Lynn (zip 01904) resident is $94,006 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyLynn, MassachusettsUnited States
  9.36
  -10.0%-6.2%
  38.2%33.5%
  6.3%6.2%
  5.1%4.6%
  $39,666$37,638
  $94,006$69,021
  $107,051$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  5.1%6.8%
  8.5%10.0%
  2.4%2.5%
  12.1%11.0%
  4.2%4.8%
  1.5%0.8%
  1.3%1.9%
  3.3%4.7%
  1.7%1.9%
  8.3%7.6%
  0.0%0.1%
  4.7%4.2%
  8.3%9.3%
  17.8%14.0%
  1.2%2.1%
  6.7%7.0%
  7.5%4.8%
  5.4%4.7%
Health