Lynnfield, MA
Maps & Population Facts
Population
12,732
Population Density
1,292
Labor Participaton
67.8%
Bachelor's or Higher
53.1%
Median Household Income
$117,706
Median Individual Income
$58,194
Median Individual Income(Full-time Workers Only)
$86,207
Housing Estimates
Median House Value
$604,400
Median Gross Rent
$1,890
Median Mortgage Payment
$3,026
Housing Units
4,791
People who reside in Lynnfield live in:
Detached - Single Family Homes
83%
Apt, Condo, Other
17%
Analysis
Income
Households in Lynnfield earn significantly more money than the national median income, averaging 95% higher per household.
Housing
Lynnfield has a median house price of $604,400, which makes it one of the most expensive places in the United States to own property. The cost of renting in Lynnfield is 87% more than the national average.
| Percent | |
|---|---|
| Renter Occupied Households | 38% |
| New Construction (Built after 2000) | 14% |
Demographics
The median age in Lynnfield is 46. Lynnfield has a population that is significantly older than in comparison to the US median age.
Lynnfield ranks in the highest of the nation for having an educated population with more college graduates per resident than most areas.
Housing Data
Housing Comparison
| Lynnfield | Massachusetts | USA | |
| Median Property Value | 604,400 | 385,400 | 217,600 |
| Median Mortgage Payment | 3,026 | 2,108 | 1,513 |
| Median Gross Rent | 1,890 | 1,208 | 1,012 |
| Property Vacancy | 5.5% | 10.0% | 12.6% |
| % Renters | 12% | 38% | 36% |
| Residents per Sq. Mi. | 1,292 | 885 | 93 |
Personal Comparison
| Lynnfield | Massachusetts | USA | |
| Median Household Income | 117,706 | 77,385 | 60,336 |
| Median Individual Income | 58,194 | 41,700 | 33,646 |
| Median Income (Full-Time) | 86,207 | 60,923 | 46,881 |
| Median Age | 46.0 | 39.5 | 38.1 |
| Labor Participation | 67.8% | 67.8% | 62.8% |
| Attained College Degree | 53.1% | 43.4% | 32.0% |
Population Density Analysis
Lynnfield, MA
1,292
Residents per Sq. Mile
The population density of Lynnfield is comparable to that of a Suburban Area.
Major City
10,000 Residents +
Mid-Sized City
5,000 Residents +
Small City
2,500 Residents +
Suburban
500 Residents +
Rural
100 Residents +
Remote
1 Residents +