Lynchburg, VA Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Lynchburg, VA Summary

Cost of living in Lynchburg research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Lynchburg is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in Virginia, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:

  • The cost of living index in Lynchburg is 88, with 100 being the average.

  • The cost of living index in Lynchburg is 0.9x lower than the national average.

  • Lynchburg ranks as the #17 cheapest in Virginia out of 186.

  • Lynchburg ranks as the #1,278 cheapest out of 6,412 in the US.

  • The median home value in Lynchburg is $169,000.

  • The median income in Lynchburg is $54,015.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
88
Lynchburg's Overall Cost Of Living
0.9x
Lower Than The National Average

What is the cost of living in Lynchburg, VA?

According to the most recent data on the cost of living, Lynchburg has an overall cost of living index of 88, which is 0.9x lower than the national index of 100.

Compared to Virginia, Lynchburg has a cost of living index that's 0.9x lower than Virginia's index of 102.

The standard of living in Lynchburg ranks as #17 most affordable out of the 186 places we measured in Virginia. By definition, that implies Lynchburg ranks as the #169 most expensive place in the Old Dominion.

For more reading on life in Lynchburg, check out:

17 out of 186
In Virginia
1,278 out of 6,412
In America

Lynchburg Cost Of Living Vs. Virginia

Six factors go into calculating the cost of living index in Lynchburg. Here is how it fairs on each of the criteria:

  • The Services index in Lynchburg is 96.

  • The Groceries index in Lynchburg is 83.

  • The Health index in Lynchburg is 95.

  • The Housing index in Lynchburg is 83.

  • The Transportation index in Lynchburg is 85.

  • The Utilities index in Lynchburg is 102.

Living Expense Lynchburg Virginia National Average
Overall 88 102 100
Services 96 102 100
Groceries 83 98 100
Health 95 102 100
Housing 83 107 100
Transportation 85 95 100
Utilities 102 102 100
For more reading on cost of living around Virginia, check out:
Lynchburg Cost of Living Vs. VA

Lynchburg, VA Housing Cost Breakdown

Housing swings affordability the most between places in Virginia, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:

  • The Median Home Value in Lynchburg is $169,000.

  • The Median Rent in Lynchburg is $928.

  • The Median Income in Lynchburg is $54,015.

  • The Home Value To Income in Lynchburg is 3.1x.

  • The Rent To Monthly Income in Lynchburg is 0.21x.

Statistic Lynchburg Virginia United States
Median Home Value $169,000 $295,500 $244,900
Median Rent $928 $1,326 $1,163
Median Income $54,015 $80,615 $69,021
Home Value To Income 3.1x 3.7x 3.5x
Rent To Monthly Income 0.21x 0.2x 0.2x
Search Homes For Sale In Lynchburg, VA
$169,000
Median Home Value
$928
Median Rent
$54,015
Median Income

Lynchburg, VA Costs By Category

Detailed Lynchburg Services Costs Vs. Virginia

Item Lynchburg Virginia
Shampoo $0.88 $1.06
Movie $13.26 $10.68
Bowling $10.5 $14.67
Haircut $11.6 $18.62
Beauty Salon $31.87 $39.05

Detailed Lynchburg Groceries Costs Vs. Virginia

Item Lynchburg Virginia
Ground Beef $4.07 $4.22
Fried Chicken $0.99 $1.39
Milk $1.81 $2.05
Potatoes $2.88 $3.29
Pizza $9.9 $10.62
Beer $10.18 $9.38
Toothpaste $1.81 $2.34

Detailed Lynchburg Health Costs Vs. Virginia

Item Lynchburg Virginia
Optometrist $115.88 $108.57
Doctor $117.46 $116.17
Dentist $90.17 $99.13

Detailed Lynchburg Transportation Costs Vs. Virginia

Item Lynchburg Virginia
Gasoline $2.07 $2.22
Tire Balancing $36.0 $50.07

Detailed Lynchburg Utilities Costs Vs. Virginia

Item Lynchburg Virginia
All Electricity $177.73 $167.67
Phone $177.97 $175.64

Lynchburg SnackAbility

6
/10
Overall SnackAbility
Jobs
6/10
Housing
7
Affordability
6
Diversity
8.5
Safety
6
Amenities
8.5
Education
8
Commute
9

Cost Of Living In Cities Around Lynchburg

The cost of living varies in the cities and towns around Lynchburg. Here's a quick look at the cost of living in the most populous nearby places:

  • Salem, VA has a cost of living index of 93, 1.1x Lynchburg.

  • Cave Spring, VA has a cost of living index of 98, 1.1x Lynchburg.

  • Waynesboro, VA has a cost of living index of 96, 1.1x Lynchburg.

City Population Cost Of Living Vs. Lynchburg
Salem, VA 25,335 93 1.1x
Cave Spring, VA 25,248 98 1.1x
Waynesboro, VA 22,149 96 1.1x
Hollins, VA 15,857 92 1.0x
Timberlake, VA 12,972 93 1.1x
Stuarts Draft, VA 11,954 95 1.1x
Forest, VA 11,045 98 1.1x
Madison Heights, VA 10,790 86 1.0x
Vinton, VA 8,039 85 1.0x
Lexington, VA 7,287 102 1.2x

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