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The total population of Lynnfield town is estimated to be 12,925 with 6,174 males (47.77%) and 6,751 females (52.23%). There are 577 more females than males in Lynnfield town.
The median household income in Lynnfield town was $159,150 in 2021, which marked an a decrease of 5,829(3.53%) from $164,979 in 2020. This income is 213.32% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Lynnfield town sees its highest median household income among householders in the age group of 25 to 44 years old, at $194,274. Overall, the median household income for the town of Lynnfield town stands at $159,150.
In Lynnfield town, the median income for all workers aged 15 years and older, regardless of work hours, was $97,262 for males and $49,215 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $119,813 for males and $94,946 for females.
In Lynnfield town, there are just two different racial groups among households. Among these, Asian households report a median household income of $226,368, while White households have a median household income of $156,095.
In 2022, the population of Lynnfield town was 12,951, a 0.25% decrease year-by-year from 2021. Previously, in 2021, Lynnfield town's population was 12,984, an increase of 0.03% compared to a population of 12,980 in 2020.
The median age in Lynnfield, Massachusetts is 40.2, as per 2021 ACS 5-Year Estimates. Of the total population, 24.49% were under the age of 15, 13.18% aged 15 to 29, 43.97% aged 30 to 64, 15.72% aged 65 to 84, and 2.63% were 85 years of age and older.
Racial distribution of Lynnfield town population: 88.74% are White, 2.14% are Black or African American, 5.14% are Asian, 0.35% are some other race and 3.62% are multiracial.