Lynn, MA — income, home value, property tax, and sales tax.
Residents of ZIP code 01843, which covers part of Lynn, earn a median household income of $67,585, with per-capita income at $34,352 — placing the area in middle-income territory rather than among the affluent. Home values run high by national standards, with a median of $429,100, and the county-level effective property tax rate of 1.04% means owners pay a meaningful share of that value each year. Add the 6.25% combined sales tax on purchases, and the overall tax load leans on working households. This is a community where incomes are steady but not large, and housing costs and taxes together shape daily finances.
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