ZIP Code 01906

Households in ZIP code 01906, near Lynn, bring in a median of $101,539 a year, with per-capita income at $48,230. A median home value of $603,400 pairs with a county property tax rate of 1.04%, which works out to roughly $6,275 in annual property taxes before any exemptions. Sales tax runs 6.25% on purchases. That property tax bill absorbs about 6% of median household income, a meaningful line item for owners. Renters and buyers alike still face the same sales tax on everyday spending, so the overall cost of living here leans on both housing and consumption taxes.