Cost of Living in Lynchburg, VA

Population 79,255 · Virginia · Data vintage 2023

73
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Most of Lynchburg's cost indicators track within a reasonable band of national figures, with median household incomes near $59,808 — a more representative starting point for relocation math than the headline-expensive or headline-cheap cities on either tail.

Lynchburg lies roughly 95 miles west of the nearest major metro, Richmond — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 35% lower than Richmond's $328,000.

Cost Overview

Housing 69
Rent 79

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Lynchburg

The median home value in Lynchburg is $211,800 — 31% below the national median of $305,000. Median rent runs $1,043/month, 21% lower than the national median of $1,314/month. The median household income of $59,808/year is 20% lower than the US median of $74,580. The local unemployment rate is 5.0%, above the national average of 4.8%. Virginia's top state income tax rate is 5.8% and the combined sales tax is 5.6%. The climate averages highs of 67.4°F and lows of 45.0°F, with about 11.6" of annual snowfall. Overall, Lynchburg has a cost of living index of 73 versus the US average of 100, meaning it is 27% less expensive.

🏠 Housing

Median Home Value
$211,800
31% below avg
Zillow Home Value
$257,824
Zillow ZHVI
Median Rent
$1,043/mo
21% below avg
Zillow Rent
$1,310/mo
Zillow ZORI
Price-to-Rent Ratio
16.9x
Favors buying
Property Tax Rate
0.8%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$970
1 BR
$989
2 BR
$1,200
3 BR
$1,645
4 BR
$1,885
Owner-occupied 49.1%
Renter-occupied 50.9%

💰 Estimated Monthly Budget

Rent median rent
$1,043
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,657/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
18.6 min
31% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
11.5%

Commute Mode

Drove alone
70.1%
Carpooled
8.1%
Public transit
2.0%
Walked
5.2%
Bicycle
0.0%
Work from home
11.5%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 5.8%
Total Sales Tax 5.6%
State rate 4.3%
Avg local rate 1.3%
Property Tax 0.8%

💼 Income & Employment

Median Household Income
$59,808
20% below avg
Per Capita Income
$30,004
Unemployment Rate
5.0%
5% above avg
Poverty Rate
17.4%
Labor Force Participation
59.1%

🎓 Education

Bachelor's degree+ 23.6%
Graduate degree 14.9%

👥 Demographics

Median Age 28.4
Male median age 27.2
Female median age 29.5

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
67.4°F
Avg Low
45.0°F
Annual Precip
42.8"
Annual Snowfall
11.6"
20° 38° 55° 73° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 465058697683878579695849
Low °F 262835445361656457453529
Precip" 3.462.913.763.453.983.824.193.223.963.123.393.50
Snow" 3.53.62.40.10.00.00.00.00.00.00.02.0

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 34 — Good
78.2%
Good air days/yr
135
Max AQI recorded
119
PM2.5 days
0
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

81%
4-Year Graduation Rate
13.7:1
Student-teacher ratio
18
Public schools
8,197
Total enrollment

Frequently Asked Questions

What is the cost of living in Lynchburg, VA?

Lynchburg has a cost index of 73 (100 = national average). It is 27% below the national average.

What is average rent in Lynchburg, VA?

The median gross rent in Lynchburg is $1,043 per month based on 2023 Census data.

What is the average home price in Lynchburg?

The median home value in Lynchburg is $211,800 according to Zillow and Census data.

What is the median income in Lynchburg?

The median household income in Lynchburg is $59,808 per year (2023 ACS 5-year estimates).

What is the sales tax in Lynchburg, VA?

The combined state and local sales tax rate in Lynchburg is 5.6%. The Virginia state income tax top rate is 5.8%.

Is Lynchburg, VA affordable?

Yes, Lynchburg is generally considered affordable, with a cost of living index of 73 — about 27% below the US national average of 100.

What is the weather like in Lynchburg?

Lynchburg has average high temperatures of 67.4°F and average lows of 45.0°F. Annual precipitation is 42.8". Average annual snowfall is 11.6". Data from NOAA 1991–2020 Climate Normals.

Lynchburg at a Glance

Population
79,255
Median Income
$59,808
Home Value
$211,800
Median Rent
$1,043/mo
Unemployment
5.0%
Avg High Temp
67.4°F
Sales Tax
5.6%
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