Lynn, Massachusetts Income Statistics
Lynn Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
-
C
Lynn Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Lynn | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Household Income | $75,052 | $104,336 | $80,455 |
| Median Personal Income | $54,641 | $80,230 | $60,758 |
| Average Yearly Income Growth | 5.0% | 4.9% | 4.8% |
| Six-Figure Earners | 8.9% | 20.6% | 13.9% |
| $200k+ Households | 11.6% | 22.3% | 13.2% |
The median household income in Lynn is about 28% lower than in Massachusetts. Income has been growing faster in Lynn (5.0%/yr) than in Massachusetts (4.9%/yr).
About 9% of adults in Lynn earn six figures ($100,000 or more) a year, lower than the Massachusetts average of 21%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Lynn, Massachusetts grew by 77.6% from 2009 to 2024, reaching $75,052 in 2024. That's an average of about 5.0% per year.
Income Inequality and the Gender Pay Gap in Lynn
| Metric | Lynn | Massachusetts Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.543 | 0.531 | 0.552 |
| Male Median Income | $63,084 | $90,842 | $69,667 |
| Female Median Income | $53,112 | $75,629 | $56,850 |
| Gender Pay Gap | 15.8% | 16.7% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Lynn, it is 0.543, higher than Massachusetts's 0.531, so income is less evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 19% more than women's income in Lynn, Massachusetts. Over a 35-year career, a 19% wage gap accumulates to roughly $349,020 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Lynn, Massachusetts has narrowed from about 19% to 16% in 2024. Over that period the gap was narrowest at 7% in 2015. In dollar terms, the gap has widened by $1,701 since 2009.
Employment
| Metric | Lynn | Massachusetts Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.0% | 5.1% | 5.2% |
| Working from Home | 7.9% | 18.6% | 15.0% |
| Commute time (minutes) | 28 | 25 | 22 |
Approximately 2,703 people are unemployed in Lynn, Massachusetts.
The average commute time in Lynn is 28 minutes, longer than the 25 minutes in Massachusetts.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Lynn, Massachusetts has fallen from 10.9% to 5.0% in 2024. Over that period the rate peaked at 11.6% in 2012 and fell as low as 4.6% in 2023.
Lynn, MA Wealth Compared With Nearby Cities
Lynn, MA is the largest of the 4 cities compared here, 101,709 residents against a local median of 54,686. Where Lynn, MA breaks from the cities next to it is median household income, sitting 22% below the local median of $96,166 at $75,052. That is the weaker end of the local range on this measure.
The cities themselves spread $15,110 on median household income, so Lynn, MA sits at one end of an already wide local range rather than apart from it. Lynn, MA has the 4th highest median household income of the 4 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Lynn, MA | 101,709 | $75,052 #4/4 | 5.0%/yr #3/4 | 5.0% #3/4 | 0.543 #4/4 |
| Saugus, MA | 28,773 | $102,456 | 3.0%/yr | 3.8% | 0.513 |
| Peabody, MA | 54,686 | $96,166 | 5.3%/yr | 4.9% | 0.497 |
| Revere, MA | 60,022 | $87,346 | 6.7%/yr | 7.0% | 0.534 |
Conclusion
Considering all these factors, Lynn, Massachusetts has an overall wealth index grade of C, making it somewhat worse than Massachusetts, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Lynn, Massachusetts.
How Rich Is Lynn, Massachusetts?
Lynn has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $75,052, about 28% lower than the Massachusetts average of $104,336.
How fast is household income rising in Lynn, Massachusetts?
Between 2009 and 2024, the median household income in Lynn, Massachusetts rose 78%, from $42,251 to $75,052. Over the same years, income here outpaced Massachusetts as a whole: +78% against +61%.
What was the median household income in Lynn in 2023?
In 2023, the median household income in Lynn, Massachusetts was $74,623, up 9% from $68,567 in 2022. The Massachusetts median that year was $101,513.
What was the median household income in Lynn in 2020?
In 2020, the median household income in Lynn, Massachusetts was $61,166. By 2024 it had risen 23% to $75,052.
What is the Gini coefficient in Lynn, Massachusetts?
The Gini coefficient in Lynn is 0.543. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Lynn, Massachusetts?
Since 2009, the income gap between men and women in Lynn, Massachusetts has narrowed from about 19% to 16% in 2024. Over that period the gap was narrowest at 7% in 2015. In dollar terms, the gap has widened by $1,701 since 2009.
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