Mid-Size City101,253 people

Lynn, MA

Discover how far your salary goes in Lynn. Compare taxes, rent, and living costs.

Cost Index
175
💰 Expensive
Population

101,253

State Tax

5.0%

1BR Rent

$2,205

/month

vs National

+57%

above avg

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Rent Prices in Lynn

🏠

Studio

$1,764

/month

$21,168/year

Most Common
🛏️

1 Bedroom

$2,205

/month

$26,460/year

🏡

2 Bedroom

$2,977

/month

$35,724/year

🏘️

3 Bedroom

$3,859

/month

$46,308/year

Taxes in Massachusetts

State Income Tax

Massachusetts

5.0%

For a $100k salary, that's ~$5,000/year in state taxes.

Federal Income Tax

Same nationwide

10-37%

Federal taxes use progressive brackets. The more you earn, the higher your marginal rate.

Learn how tax brackets work

Frequently Asked Questions

What is the cost of living in Lynn, MA?

Lynn has a cost of living index of 175, which is 75% above the national average. A 1-bedroom apartment costs around $2,205/month.

What is the state income tax in Massachusetts?

Massachusetts has a state income tax rate of approximately 5.0%. This is in addition to federal income tax.

How much is rent in Lynn?

The median rent for a 1-bedroom apartment in Lynn is $2,205/month. For a 2-bedroom, expect to pay around $2,977/month. This is 57% above the national average.

Is Lynn a good place to live?

Lynn is a mid-size city with a population of 101,253. The cost of living is expensive, making it more expensive than average for the US.

See the complete picture for Lynn

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