Lynnwood, Washington Income Statistics
Lynnwood 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
Lynnwood Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Lynnwood | Washington Avg | US Average |
|---|---|---|---|
| Median Household Income | $81,645 | $98,224 | $80,455 |
| Median Personal Income | $64,156 | $73,370 | $60,758 |
| Average Yearly Income Growth | 5.3% | 5.6% | 4.8% |
| Six-Figure Earners | 15.0% | 19.3% | 13.9% |
| $200k+ Households | 14.6% | 18.5% | 13.2% |
The median household income in Lynnwood is about 17% lower than in Washington. Income has been growing slower in Lynnwood (5.3%/yr) than in Washington (5.6%/yr).
About 15% of adults in Lynnwood earn six figures ($100,000 or more) a year, lower than the Washington average of 19%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Lynnwood, Washington grew by 72.6% from 2009 to 2024, reaching $81,645 in 2024. That's an average of about 5.3% per year.
Income Inequality and the Gender Pay Gap in Lynnwood
| Metric | Lynnwood | Washington Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.545 | 0.534 | 0.552 |
| Male Median Income | $80,863 | $86,137 | $69,667 |
| Female Median Income | $62,922 | $68,506 | $56,850 |
| Gender Pay Gap | 22.2% | 20.5% | 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 Lynnwood, it is 0.545, higher than Washington's 0.534, 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 29% more than women's income in Lynnwood, Washington. Over a 35-year career, a 29% wage gap accumulates to roughly $627,935 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Lynnwood, Washington has widened from about 13% to 22% in 2024. Over that period the gap was widest at 23% in 2017, and was narrowest at 11% in 2020. In dollar terms, the gap has widened by $11,827 since 2009.
Sharply against the trend: the pay gap in Lynnwood widened by 9.1 points while Washington's narrowed by 4.4 points.
Employment
| Metric | Lynnwood | Washington Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.5% | 5.0% | 5.2% |
| Working from Home | 15.8% | 19.8% | 15.0% |
| Commute time (minutes) | 27 | 22 | 22 |
Approximately 977 people are unemployed in Lynnwood, Washington.
The average commute time in Lynnwood is 27 minutes, longer than the 22 minutes in Washington.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Lynnwood, Washington has fallen from 9.4% to 4.5% in 2024. Over that period the rate fell as low as 3.7% in 2019.
Lynnwood, WA Wealth Compared With Nearby Cities
How Lynnwood, WA compares with the 2 cities closest to it.
| 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. |
|---|---|---|---|---|---|
| Lynnwood, WA | 41,626 | $81,645 #3/3 | 5.3%/yr #3/3 | 4.5% #2/3 | 0.545 #3/3 |
| Mountlake Terrace, WA | 23,156 | $109,079 | 6.0%/yr | 4.3% | 0.489 |
| North Lynnwood, WA | 23,579 | $101,654 | 6.0%/yr | 4.7% | 0.502 |
Conclusion
Considering all these factors, Lynnwood, Washington has an overall wealth index grade of C, making it about on par with Washington, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Lynnwood, Washington.
How Rich Is Lynnwood, Washington?
Lynnwood 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 $81,645, about 17% lower than the Washington average of $98,224.
Are incomes growing in Lynnwood, Washington?
Between 2009 and 2024, the median household income in Lynnwood, Washington rose 73%, from $47,291 to $81,645. Over the same years, income here kept pace with Washington as a whole: +73% against +73%.
What was the median household income in Lynnwood in 2023?
In 2023, the median household income in Lynnwood, Washington was $80,813, up 7% from $75,289 in 2022. The Washington median that year was $95,216.
What was the median household income in Lynnwood in 2020?
In 2020, the median household income in Lynnwood, Washington was $67,174. By 2024 it had risen 22% to $81,645.
What is the Gini coefficient in Lynnwood, Washington?
The Gini coefficient in Lynnwood is 0.545. 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 Lynnwood, Washington?
Since 2009, the income gap between men and women in Lynnwood, Washington has widened from about 13% to 22% in 2024. Over that period the gap was widest at 23% in 2017, and was narrowest at 11% in 2020. In dollar terms, the gap has widened by $11,827 since 2009.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →