ZIP Code 01949

In ZIP code 01949, near Lynn, homes carry a median value of $742,700, and the county-level effective property tax rate of 1.04% translates into a substantial annual bill. Households here earn a median of $167,402, with per-capita income at $64,840, so property taxes claim a meaningful share of yearly earnings even at these income levels. The combined sales tax rate of 6.25% adds further cost to everyday purchases. Together, high home values and the 1.04% rate create a real ownership expense, one that local incomes help offset but do not erase.