Discretionary Income in Lynn, MA in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Lynn, MA is ranked 247th out of the top 333 most populated cities in the U.S. for having the highest discretionary income. Therefore, it is considered as one of the cities, where on average per month, you will have less money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Lynn, MA
Gross Salary
$8,333
Taxes
$1,605
Cost of Living
$4,270
Discretionary Income
$2,458
With a gross annual salary of $100,000 in Lynn, MA, you would need to deduct approximately $1,605 per month for taxes. Given that the average cost of living in Lynn is $4,270, you would have around $2,458 remaining in your pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Lynn, MA, regardless of household composition or number of income earners.
Salary and Discretionary Income Per Gross Salary Level in Lynn, MA in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Lynn, MA |
|---|---|
| $30,000 | -$2,038 |
| $40,000 | -$1,347 |
| $50,000 | -$655 |
| $60,000 | $25 |
| $70,000 | $633 |
| $80,000 | $1,242 |
| $90,000 | $1,850 |
| $100,000 | $2,458 |
| $110,000 | $3,065 |
| $120,000 | $3,657 |
| $130,000 | $4,249 |
| $140,000 | $4,840 |
| $150,000 | $5,432 |
| $175,000 | $6,911 |
| $200,000 | $8,363 |
| $250,000 | $10,976 |
| $300,000 | $13,476 |
| $350,000 | $15,976 |
| $400,000 | $18,476 |
| $450,000 | $20,976 |
| $500,000 | $23,476 |
Discretionary Income in Lynn, MA in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Lynn, MA is ranked 249th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for singles. Therefore, it is considered as one of the cities, where on average per month, you will have less money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Lynn, MA
Gross Salary
$8,333
Taxes
$1,605
Cost of Living
$2,855
Discretionary Income
$3,873
With a gross annual salary of $100,000 in Lynn, MA, a single person would need to deduct approximately $1,605 per month for taxes. Considering the average cost of living in Lynn is $2,855, singles would have around $3,873 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Lynn, MA, assuming that the gross salary is earned by a single person.
Salary and Discretionary Income Per Gross Salary Level in Lynn, MA in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Lynn, MA |
|---|---|
| $30,000 | -$623 |
| $40,000 | $68 |
| $50,000 | $760 |
| $60,000 | $1,440 |
| $70,000 | $2,048 |
| $80,000 | $2,657 |
| $90,000 | $3,265 |
| $100,000 | $3,873 |
| $110,000 | $4,480 |
| $120,000 | $5,072 |
| $130,000 | $5,664 |
| $140,000 | $6,255 |
| $150,000 | $6,847 |
| $175,000 | $8,326 |
| $200,000 | $9,778 |
| $250,000 | $12,391 |
| $300,000 | $14,891 |
| $350,000 | $17,391 |
| $400,000 | $19,891 |
| $450,000 | $22,391 |
| $500,000 | $24,891 |
Discretionary Income in Lynn, MA in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Lynn, MA is ranked 250th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for couples. Therefore, it is considered as one of the cities, where on average per month, you will have less money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Lynn, MA
Gross Salary
$8,333
Taxes
$1,605
Cost of Living
$4,259
Discretionary Income
$2,470
With a gross annual salary of $100,000 in Lynn, MA, a couple would need to deduct approximately $1,605 per month for taxes. Considering the average cost of living in Lynn is $4,259, couples would have around $2,470 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Lynn, MA, assuming that the gross salary is earned by a couple.
Salary and Discretionary Income Per Gross Salary Level in Lynn, MA in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Lynn, MA |
|---|---|
| $30,000 | -$2,027 |
| $40,000 | -$1,335 |
| $50,000 | -$643 |
| $60,000 | $36 |
| $70,000 | $645 |
| $80,000 | $1,253 |
| $90,000 | $1,861 |
| $100,000 | $2,470 |
| $110,000 | $3,077 |
| $120,000 | $3,668 |
| $130,000 | $4,260 |
| $140,000 | $4,852 |
| $150,000 | $5,443 |
| $175,000 | $6,923 |
| $200,000 | $8,375 |
| $250,000 | $10,988 |
| $300,000 | $13,488 |
| $350,000 | $15,988 |
| $400,000 | $18,422 |
| $450,000 | $20,839 |
| $500,000 | $23,255 |
Discretionary Income in Lynn, MA in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Lynn, MA is ranked 255th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for single parents. Therefore, it is considered as one of the cities, where on average per month, you will have less money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Lynn, MA
Gross Salary
$8,333
Taxes
$1,344
Cost of Living
$4,211
Discretionary Income
$2,779
With a gross annual salary of $100,000 in Lynn, MA, a single parent would need to deduct approximately $1,344 per month for taxes. Considering the average cost of living in Lynn is $4,211, single parents would have around $2,779 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Lynn, MA, assuming that the gross salary is earned by a single parent.
Salary and Discretionary Income Per Gross Salary Level in Lynn, MA in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Lynn, MA |
|---|---|
| $30,000 | -$1,912 |
| $40,000 | -$1,210 |
| $50,000 | -$518 |
| $60,000 | $174 |
| $70,000 | $865 |
| $80,000 | $1,557 |
| $90,000 | $2,171 |
| $100,000 | $2,779 |
| $110,000 | $3,387 |
| $120,000 | $3,989 |
| $130,000 | $4,581 |
| $140,000 | $5,173 |
| $150,000 | $5,764 |
| $175,000 | $7,243 |
| $200,000 | $8,723 |
| $250,000 | $11,367 |
| $300,000 | $13,872 |
| $350,000 | $16,372 |
| $400,000 | $18,872 |
| $450,000 | $21,372 |
| $500,000 | $23,872 |
Discretionary Income in Lynn, MA in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Lynn, MA is ranked 255th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for families. Therefore, it is considered as one of the cities, where on average per month, you will have less money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Lynn, MA
Gross Salary
$8,333
Taxes
$1,103
Cost of Living
$5,756
Discretionary Income
$1,474
With a gross annual salary of $100,000 in Lynn, MA, a family would need to deduct approximately $1,103 per month for taxes. Considering the average cost of living in Lynn is $5,756, families would have around $1,474 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Lynn, MA, assuming that the gross salary is earned by the family head(s).
Salary and Discretionary Income Per Gross Salary Level in Lynn, MA in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Lynn, MA |
|---|---|
| $30,000 | -$3,400 |
| $40,000 | -$2,692 |
| $50,000 | -$1,984 |
| $60,000 | -$1,293 |
| $70,000 | -$601 |
| $80,000 | $91 |
| $90,000 | $782 |
| $100,000 | $1,474 |
| $110,000 | $2,166 |
| $120,000 | $2,834 |
| $130,000 | $3,442 |
| $140,000 | $4,050 |
| $150,000 | $4,659 |
| $175,000 | $6,180 |
| $200,000 | $7,700 |
| $250,000 | $10,689 |
| $300,000 | $13,648 |
| $350,000 | $16,606 |
| $400,000 | $19,510 |
| $450,000 | $22,135 |
| $500,000 | $24,736 |