Lynn, Massachusetts (01095) is a vibrant community with a variety of local businesses. The average 2 bedroom rent in Lynn is $2,250 compared to the national average of $1,430. In addition to rent prices being slightly higher than the national average, the grocery cost index in Lynn is 107 versus 100 in the US. Local companies that can be found in Lynn include Medford-Malden Electric Company, General Electric, and Honeywell International. Despite having higher living costs than the national standard, Lynn offers its residents wonderful job opportunities and plenty of entertainment options.
Lynn (zip 01905) has an unemployment rate of 9.3%. The US average is 6.0%.
Lynn (zip 01905) has seen the job market decrease by -10.0% 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 01905)
- The Sales Tax Rate for Lynn (zip 01905) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Lynn (zip 01905) 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 01905)
- The average income of a Lynn (zip 01905) resident is $28,505 a year. The US average is $37,638 a year.
- The Median household income of a Lynn (zip 01905) resident is $64,885 a year. The US average is $69,021 a year.