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This question is about Lynn, MA.
What is a good salary in Lynn, MA?
A good salary in Lynn, MA is anything over $50,000. That's because the median income in Lynn is $50,000, which means if you earn more than that you're earning more than 50% of the people living in Lynn. The average salary in Lynn is $57,699.
A good hourly wage in Lynn is $24.04 per hour. That works out to a good weekly wage of $961 per week and a good monthly wage of $4,166 per month. However, using the median income is only one way to calculate a good salary in Lynn.
Another way to calculate a good salary in Lynn is to look at the price of housing and use that to back into a good salary. Experts agree that you want to maintain about a 5 to 1 home price to income ratio. Based on the median home price of $323,100, a good salary in Lynn would be $64,620.
Lastly, we can determine a good salary in Lynn by looking at the cost of living and comparing it to the US average salary. The cost of living in Lynn is 25% higher than than the national average. The national average salary is $56,310, so a good salary in Lynn is anything over $70,387 by this measure.
Average Annual Salary in Lynn, MA
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $26,000 | $2,166 | $500 | $12.5 |
| 25th | $36,000 | $3,000 | $692 | $17.31 |
| Median | $50,000 | $4,166 | $961 | $24.04 |
| 75th | $71,000 | $5,916 | $1,365 | $34.13 |
| 90th | $96,000 | $8,000 | $1,846 | $46.15 |
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