lynnfield ma average incomelynnfield ma average income

MLS Property Information Network, Inc., ZeroDown and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Lots of options, commuting to work is a breeze. The homeownership rate in Lynnfield, MA is 85.2%, which is approximately the same as the national average of 64.4%. Use at your own risk. Updated lists of Low income housing in Lynnfield MA. 25 to 44. The US average is 4.6%. Looks like you're new here. Lynnfield, MA Rent . . Average Income per Person in Lynnfield, MA by Zip Code The median home price in Lynnfield is $890,000 with a median price per sqft of $405. There were 4,354 housing units at an average density of 429.2 per square mile (165.7/km2). Lynnfield, MA is home to a population of 13k people, from which 98.8% are citizens. View a complete Lynnfield, MA cost of living report and index. As of 2020, 9.08% of Lynnfield, MA residents (1.18k people) were born outside of the United States, which is lower than the national average of 13.5%. Sourced from federal housing data and AffordableHousingOnline.com research. Updated annually. In 2019, the percentage of foreign-born citizens in Lynnfield, MA was 7.85%, meaning that the rate has been increasing. city, state and national median household income averages. 20%. is $0 a month. 65 and over. The population density was 1,143 inhabitants per square mile (441/km2). Males had a median income of $82,386 versus $50,589 for females. None of the households in Lynnfield, MA reported speaking a non-English language at home as their primary shared language. Lynnfield, Massachusetts (MA) income map, earnings map, and wages data 100% affordable to households with incomes up to 60% Area Median Income ($56,400 for a one-person household and $64,440 for a two-person household), except for 2 apartments reserved for 24 hours on-call live in staff. $15-$34k. The median income for a household in the town was $136,101, and the median income for a family was $95,804, which are both well over the national averages. Median Individual Income. This is how city residents have self-reported their race and ethnicity to the US Census. the .gov website. Submit your application online here, visit us during our drop-in hours, or call 781.581.7220 to get started. Includes average cost of groceries, health care, housing, goods and services as well as average prices of goods in Lynnfield, MA. Transform pay with our enterprise-grade comp platform, Automate compensation with our full-suite solution, Payscale's employer-reported salary data network, The world`s largest employee-submitted pay database, Annual survey salary data from HR industry publishers, The crowdsourced compensation data API for developers, 100% company submitted data from 2,000+ businesses, Schedule a personalized demo to feel the power of Payscale, Find salary information for similar job titles and locations, Comp Planning Business Case Pitch Deck By clicking Download Pitch Deck, you. Per capita is the best measure of the average spending power of each person in the city. In the Massachusetts House of Representatives, the town is located within the 20th Middlesex district, represented by Republican Bradley Jones, Jr. Lynnfield Public Schools operates area public schools. Mass. Ranked Fifth Richest State, How Does Lynnfield Compare? - Patch Simply pick your marital status and family type from the drop-down. Cities. The prices of goods and services vary in different cities, and hence having a cost of living index or calculator can make the decision to move easier by allowing you to directly compare one city with another. There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lynnfield. $65k+ 47%. There is no MBTA Commuter Rail service within Lynnfield; the nearest train station is off to the west in the neighboring town of Wakefield which serves the Haverhill Commuter Rail Line. The median household income in Lynnfield, MA in 2021 was $148,509, which was 39.6% greater than the median annual income of $89,645 across the entire state of Massachusetts. Massachusetts is the second wealthiest state in the United States of America, with a median household income of $77,378 (as of 2019), [1] per capita income of $41,794 (as of 2018), [2] and a personal per capita income of $39,815 (as of 2003). Average Income per Person in Lynnfield, MA by Zip Code: Lynnfield, MA Report: Average Income per Person Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Property details: 5 bedroom, 3 bathroom, 2851 sq ft. House for sale #100003467. Use the dropdown to filter by race/ethnicity. The average rent for a 1-bedroom apartment apartment in Lynnfield, MA is currently $2,843. Read more about Scout's Demographic Data. The median household income in a city certainly helps gauge the cost of living. Lynnfield Demographics 2023 (Income, Population) - Name Census Median household income provides the best measure of the budget of the typical family or other non-family household. On average, Section 8 Housing Choice vouchers pay Lynnfield landlords $0 per month towards rent. Under 25. The town is more conservative than much of the rest of Massachusetts. Use our search filters to browse all 125 apartments and score your perfect place! [6] The nearest general aviation airport is Beverly Municipal Airport to the east; the nearest commercial airport for domestic and international service can be found at Boston's Logan International Airport. A good rule of thumb for housing affordability is the 28% rule: your monthly rent or the sum of your monthly mortgage, property taxes, and insurance should not exceed 28% of your gross income (income before tax). City-data.com does not guarantee the accuracy or timeliness of any information on this site. Lynnfield, MA has a large population of military personnel who served in Vietnam, 1.03 times greater than any other conflict. 2021 (latest available). In the United States, senators are elected to 6-year terms with the terms for individual senators staggered. Cost of living in Lynnfield , Massachusetts - Dwellics Income Based Housing in Lynnfield, Massachusetts For instance, if you know the typical housing costs in Lynnfield, you can use widely followed simple rules to determine if you can afford it on your salary. Essex County. The stagecoach line north from Boston to Portsmouth, New Hampshire, known locally as the "Newburyport Turnpike", ran through South Lynnfield. The graph shows the evolution of awarded degrees by degrees. Average Rent in Lynnfield, MA and Cost Information - Zumper The largest demographic living in poverty are Females 12 - 14, followed by Females 75+ and then Males 6 - 11. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households. C2ER (Council for Community and Economic Research), To calculate the cost of living, data has been taken from, The Cost of Living Index takes into account the data from 273 cities across the US, The Cost of Living Index and hence, the ranking reflects cost differentials for professional households in the top income quintile. A lock ( The per capita income in 2021 was $66,601, which means an increase of 40.6% compared to 2000 when it was $39,560. Tools Lynnfield is a town in Essex County, Massachusetts, in the United States. Jump to Lynnfield, Massachusetts Affordable Housing Summary, Massachusetts Department of Housing and Community Development, Massachusetts Public Housing and Low-Income Apartments Waiting Lists page, Find A Home With Your Housing Choice Voucher, Section 8 Housing Choice Voucher (HCV); Moving to Work. Where do you want to stay? Community. The search engine finds the neighborhoods that are the optimum fit to the set of criteria you choose. In other words, wages are distributed less evenly in Massachusetts in comparison to the national average. According to the PEW research center, the middle class is defined as a range from two thirds (2/3) of the U.S. Census Bureau QuickFacts: Lynnfield CDP, Massachusetts We take a deep dive into what's impacting employee retention and what employees are looking for in their new role. Good. Showing data for Essex County, MA. Hospitalization data for some states may be delayed or not reported. The most recent data point uses Advance State Claims data, which can be revised in subsequent weeks. Historically, Lynnfield functioned as two separate villages connected by one governing body: in Lynnfield Center resided a mostly agricultural population, while South Lynnfield was a crossroad situated amongst neighboring larger towns. In 2020, 85.2% of the housing units in Lynnfield, MA were occupied by their owner. Economy in Lynnfield, Massachusetts - Sperling's BestPlaces In 2020, there were 19.1 times more White (Non-Hispanic) residents (11.4k people) in Lynnfield, MA than any other race or ethnicity. The vintage year (e.g., V2022) refers to the final year of the series (2020 thru 2022). QuickFacts Lynnfield CDP, Massachusetts Table (a) Includes persons reporting only one race (c) Economic Census - Puerto Rico data are not comparable to U.S. Economic Census data (b) Hispanics may be of any race, so also are included in applicable race categories Using that number, a maximum of $3,043 per month should be allocated to housing expenses . offered by Housing and Community Development Chapter 40B Sale Prices and Rents Guidance on calculating 40B affordable sale prices and rents. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The educational status of the citys residents who are 18 and older. So, the costs may go up or down depending on which neighborhood you eventually decide to stay. [1] Lynnfield initially consisted of two distinct villages with a single governing body. The average voucher holder contributes $0 towards rent in Lynnfield. Get the latest info on market conditions, price movement, real estate trends, and more. Cost of Living in Lynnfield, MA | ZeroDown U.S. Census Bureau QuickFacts: Burlington town, Middlesex County List of Massachusetts locations by per capita income, Massachusetts's 6th congressional district, "Census - Geography Profile: Lynnfield town, Essex County, Massachusetts", "US Gazetteer files: 2010, 2000, and 1990", "Geographic Identifiers: 2010 Demographic Profile Data (G001): Lynnfield town, Essex County, Massachusetts", "Total Population (P1), 2010 Census Summary File 1", "Massachusetts by Place and County Subdivision - GCT-T1. In 2020, the median property value in Lynnfield, MA was $706,300, and the homeownership rate was 85.2%. The chart underneath the paragraph shows the property taxes in Lynnfield, MA compared to it's parent and neighbor geographies. Lynnfieldcatholic Average Salaries | Salary.com Methodology: Data is only available at the state level. Other categories are non-Hispanic. These are tabulated as the languages people preferentially speak when they are at home with their families. Within Essex County, the town is bordered by Peabody to the northeast, Lynn to the southeast, and Saugus to the south. All information provided is deemed reliable but is not guaranteed by ZeroDown or MLSPIN and should be independently verified. Elizabeth Warren and Ed Markey are the senators currently representing the state of Massachusetts. The town of Lynnfield was first settled in 1638 and was made a district separate from Lynn in 1782. Car ownership in Lynnfield, MA is approximately the same as the national average, with an average of 2 cars per household. Cloudflare Ray ID: 7e1c34b03e9fb98e By sending this Report you agree to NeighborhoodScout's, Real Estate in Popular Lynnfield Neighborhoods. The median property value in Lynnfield, MA was $706,300 in 2020, which is 3.07 times larger than the national average of $229,800. The most common educational levels obtained by the working population in 2020 were High School or Equivalent (1.34M), Bachelors Degree (1.3M), and Some college (1.02M). Measuring America's People, Places, and Economy, Population Estimates, July 1, 2022, (V2022), Population estimates base, April 1, 2020, (V2022), Population, percent change - April 1, 2020 (estimates base) to July 1, 2022, (V2022), American Indian and Alaska Native alone, percent, Native Hawaiian and Other Pacific Islander alone, percent, White alone, not Hispanic or Latino, percent, Owner-occupied housing unit rate, 2017-2021, Median value of owner-occupied housing units, 2017-2021, Median selected monthly owner costs -with a mortgage, 2017-2021, Median selected monthly owner costs -without a mortgage, 2017-2021, Living in same house 1 year ago, percent of persons age 1 year+, 2017-2021, Language other than English spoken at home, percent of persons age 5 years+, 2017-2021, Households with a computer, percent, 2017-2021, Households with a broadband Internet subscription, percent, 2017-2021, High school graduate or higher, percent of persons age 25 years+, 2017-2021, Bachelor's degree or higher, percent of persons age 25 years+, 2017-2021, With a disability, under age 65 years, percent, 2017-2021, Persons without health insurance, under age 65 years, percent, In civilian labor force, total, percent of population age 16 years+, 2017-2021, In civilian labor force, female, percent of population age 16 years+, 2017-2021, Total accommodation and food services sales, 2017 ($1,000), Total health care and social assistance receipts/revenue, 2017 ($1,000), Total transportation and warehousing receipts/revenue, 2017 ($1,000), Mean travel time to work (minutes), workers age 16 years+, 2017-2021, Median household income (in 2021 dollars), 2017-2021, Per capita income in past 12 months (in 2021 dollars), 2017-2021, Total employment, percent change, 2020-2021, Men-owned employer firms, Reference year 2017, Women-owned employer firms, Reference year 2017, Minority-owned employer firms, Reference year 2017, Nonminority-owned employer firms, Reference year 2017, Veteran-owned employer firms, Reference year 2017, Nonveteran-owned employer firms, Reference year 2017. Employment change between May 2020 and May 2021. Located directly off of I-95 south at exit 61, Market Street is a great place for families to enjoy and is full of exciting events for everyone. The most common employment sectors for those who live in Lynnfield, MA, are Professional, Scientific, & Technical Services (977 people), Health Care & Social Assistance (934 people), and Retail Trade (836 people). 8,376,755. The average household net worth is $966,273. This visualization illustrates the percentage distribution of the population according to the highest educational level reached. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities. The 5 largest ethnic groups in Lynnfield, MA are White (Non-Hispanic) (88.1%), Two+ (Non-Hispanic) (4.61%), Asian (Non-Hispanic) (4.1%), Black or African American (Non-Hispanic) (2.02%), and White (Hispanic) (0.578%). Compared to the median income of $80,626 in 2000 this represents an increase of 45.7%. Lynnfield Center comprises mostly an agricultural population, while South Lynnfield boasted a mixed culture. There are 12,874 residents in Lynnfield, with a median age of 40.2. This percentage grew from the previous year's rate of 85.1%. Displayed above are the Affordable housing program eligibility is always determined by one's income. Census of Population and Housing, Current Population Survey, Small Area Health Insurance Estimates, Small Area Income and Poverty Estimates, State and County Housing Unit Estimates, County Business Patterns . For more details, The most common companies reported by employees working in Lynnfield, MA. The most popular occupations in Lynnfield, MA are Vice President (VP), Operations, Read more. Different vintage years of estimates are not comparable. Primary care physicians in Essex County, MA see an average of 1,354 patients per year. Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. "Where to find celebrities resting places", Charlie Wells, SF Chronicle, July 26, 2010. 7,043,501 and 7,680,859. Retrieved 4/2/2012. metro area for a 2-bed home is $3,281, which is 170% more than the average rent across the US. Average Household Income. There is some, but my commute could be shorter. We provide HUD, Section 8, Public Housing, Senior low income housing. "Match Any Neighborhood" calculates the Match Level of one neighborhood to another using more than 200 characteristics of each neighborhood. Official websites use .gov Houses for Sale in Lynnfield Cost of Living Calculator for Lynnfield Get an estimate of income required to live comfortably in Lynnfield. of people say LGBT residents are very accepted. Base Salary (USD) $93,329/year View Hourly Rate Low:$82,297 Average:$93,329 This is expected to increase 99.9% to $627B by 2050. The following chart displays the households in Lynnfield, MA distributed between a series of income buckets compared to the national averages for each bucket. There are 0 households in the city with an average household size of 0.00 persons. Lynnfield is a town in Massachusetts's Essex with a population of approximately 13,000 and a median income of $128,641. In the 2012 Presidential election, former Governor Mitt Romney received 60.9% of the town's vote. QuickFacts data are derived from: Population Estimates, American Community Survey, Census of Population and Housing, Current Population Survey, Small Area Health Insurance Estimates, Small Area Income and Poverty Estimates, State and County Housing Unit Estimates, County Business Patterns, Nonemployer Statistics, Economic Census, Survey of Business Owners, Building Permits. The following chart shows how the number of patients seen by primary care physicians has been changing over time in Essex County, MA in comparison to its neighboring geographies. Please note: Unemployment data updated May 2023. The AMI is calculated and published each year by HUD. In Lynnfield, HUD calculates the Area Median Income for a family of four as $149,300. The maximum amount a voucher would pay on behalf of a low-income tenant in Lynnfield, Massachusetts for a two-bedroom apartment is between $2,372 and $2,899. 500 Lynnfield Street, Lynn, MA . Additionally, 1.21% of the population is represented by non-citizens. This does not consider the potential multi-lingual nature of households, but only the primary self-reported language spoken by all members of the household. $1,999,000. . The following chart shows the 7 races represented in Lynnfield, MA as a share of the total population. Lynnfield features 0 income based apartments. Lynnfield $145,594 ; Hopkinton $141,713 ; . The following map shows the estimated number of chronically homeless individuals by state over multiple years. Understanding the expected costs in Lynnfield can help you determine whether a given salary is a livable salary. The primary coordinate point for Lynnfield is located at latitude 42.539 and longitude -71.0481 in Essex County.The formal boundaries for the Lynnfield Census Designated Place encompass a land area of 9.88 sq. Returning applicant? When, in the 1960s, the United States Post Office implemented the Zone Improvement Program with 5-digit numerical codes, Lynnfield was assigned two ZIP codes, 01940 and 01944, for the Lynnfield Center and the South Lynnfield post offices, respectively. What is the most helpful tip for a new resident to know before moving to your area? Chapter 40B Sale Prices and Rents | Mass.gov This is a 2.78% increase from the previous year ($10,273). $60,476. Date(s) & Update Frequency: For Lynnfield, the AMI is calculated from all households within Essex County. Fair Market Rents can be used to better understand the average housing costs of an area. Discuss Lynnfield, Massachusetts (MA) on our hugely popular, Lynnfield, Massachusetts (MA) income map, earnings map, and wages data. There were 4,179 households, out of which 35.2% had children under the age of 18 living with them, 68.5% were married couples living together, 7.1% had a female householder with no husband present, 2.5% a male householder with no wife present, and 21.8% were non-families. Lynnfield has since become a modern, chiefly residential suburb of Boston. Avg. Median household income provides the best measure of the budget of the typical family or other non-family household. Income inequality had a 0.544% decline from 2019 to 2020, which means that wage distribution grew somewhat more even. In 2020, insured persons according to age ranges were distributed in 28.8% under 18 years, 14.8% between 18 and 34 years, 39.7% between 35 and 64 years, and 16.7% over 64 years. Domestic production and consumption consists of products and services shipped from Massachusetts to other states, or from other states to Massachusetts. High paying jobs are easy to find. Individual salaries will, of course, vary depending on the job, department, location, as well as the individual skills and education of each employee. Lynnfield, MA Household Income, Population & Demographics | Point2 Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types. Taxes in Lynnfield, Massachusetts The sales tax rate in Lynnfield, Massachusetts is 6.2%. The median household income in Lynnfield, MA in 2019 was $136,020, which was 36.9% greater than the median annual income of $85,843 across the entire state of Massachusetts. Estimates are not comparable to other geographic levels due to methodology differences that may exist between different data sources. The economy of Lynnfield, MA employs 6.74k people. The median household income in Lynnfield between 2006-2010, according to the US Census Bureau, was $87,590, which is roughly $23,000 more than the state's average during these years. Lynnfield, Massachusetts Salary | PayScale This visualization shows the gender distribution of the population according to the academic level reached. (781) 245-7328. Another good rule of thumb is the 50-30-20 rule which says 50% of the net income (income after tax) should be spent on needs, 30% on wants, and 20% on savings and investments. Jump to a detailed profile, search site with google or try advanced search. Provides auto-suggestions when entering text. Town of Lynnfield School Superintendent salary lookup - GovSalaries Streamlined solutions for every step of the compensation management journey, Continuously updated compensation datasets from Payscale and our partners, Flexible, customizable services and support for Payscale customers, End comp guesswork with our free job-pricing tool, From collection to validation, our data methodology delivers certainty, Meet the leaders dedicated to empowering better conversations around pay, Track and compare wage-growth by city, industry, company size, and job category, Access helpful tools and insights for career planning and salary negotiation, Explore real-world career trends and advice from the leaders in compensation, Uncover detailed salary data for specific jobs, employers, schools, and more, Take our salary survey to see what you should be earning. Renter Tools . Note that your household composition (single or married, number of kids) and home ownership status (renting vs. owning) might affect your monthly expenses. Employment The Unemployment Rate for Lynnfield is about 3.7%. Lynnfield, MA Low Income Housing Reports; . $34,429. Hispanic or Latino of any race were 1.7% of the population. Please note that new Connecticut county level geographies are not availabe within the map. In 2020, total outbound Massachusetts trade was $314B. Elizabeth Warren and Ed Markey are the senators currently representing Massachusetts. Fuel Assistance & Home Heating Program At LEO Inc. | LEO Inc. Services Solimine House | 2Life Communities HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search.