Lynchburg, VA Cost Of Living

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Updated: 2020-03-08
89
Lynchburg's Overall Cost Of Living
0.9x
Lower Than The National Average
The cost of living index is set to 100 for the average place in America. An index above 100 means Lynchburg is expensive, while a number below 100 means it's a relatively cheap place to live.

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 89 which is 0.9x lower than the national index of 100.

Compared to only Virginia, Lynchburg has a cost of living index that's 0.8x lower than Virginia's index of 107.

The standard of living in Lynchburg ranks as #1524 most affordable out of the 6522 places we measured in Virginia. By definition, that implies Lynchburg ranks as the #4883 most expensive place in the Old Dominion.

Lynchburg Cost Of Living Vs. Virginia

Living Expense Lynchburg Virginia National Average
Overall 89 107 100
Services 94 99 100
Groceries 82 96 100
Health 95 97 100
Housing 81 130 100
Transportation 85 90 100
Utilities 108 100 100
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 the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

$158,800
Median Home Value
$843
Median Rent
$43,374
Median Income
Statistic Lynchburg Virginia United States
Median Home Value $158,800 $264,900 $204,900
Median Rent $843 $1,202 $1,023
Median Income $43,374 $71,564 $60,293
Home Value To Income 3.7x 3.7x 3.4x
Rent To Monthly Income 0.23x 0.2x 0.2x

Lynchburg SnackAbility

6
/10
Overall SnackAbility
Jobs
6/10
Housing
8
Affordability
5
Diversity
9
Safety
6
Amenities
8.5
Education
8
Commute
9

Cost Of Living In Cities Around Lynchburg

City Population Cost Of Living Vs. Lynchburg
Cave Spring, VA 25,793 97 1.1x
Salem, VA 25,519 93 1.0x
Waynesboro, VA 21,926 92 1.0x
Hollins, VA 14,257 93 1.0x
Timberlake, VA 12,973 92 1.0x
Madison Heights, VA 11,483 86 1.0x
Forest, VA 10,298 97 1.1x
Stuarts Draft, VA 9,716 96 1.1x
Vinton, VA 8,074 88 1.0x
Lexington, VA 7,110 101 1.1x

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