Lynchburg, Moore County cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexLynchburg, Moore CountyTennesseeNational
Cost of living index9491100
IndexLynchburg, Moore CountyTennesseeNational
Goods & Services index10398100
Groceries index9592100
Health care index9689100
Housing index7880100
Transportation index9893100
Utilities index10691100
Displayed above is a general overview of the Lynchburg, Moore County, TN cost of living index. The overall cost of living index in Lynchburg, Moore County, TN is 94, which is 4% higher than the Tennessee average and 6% lower than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Lynchburg, Moore County, TN are 5% higher than the Tennessee average and 3% higher than the national average.

Did you know?

  • The cost of living in Lynchburg, Moore County is 4% higher than the Tennessee average.
  • The cost of living in Lynchburg, Moore County is 6% lower than the national average.
  • The cost of housing in Lynchburg, Moore County is 22% lower than the national average.
  • Tennessee general sales tax is 37% higher than the national average.
  • Tennessee state income tax is 100% lower than the national average.

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Compare Lynchburg, Moore County, TN Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Lynchburg, Moore County, TN to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Lynchburg, Moore County, TN, then you would need to earn more income in order to maintain the same standard of living. To use the Lynchburg, Moore County, TN salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$44,888$3,741$1,047$1,347
Renters$39,338$3,278$918$1,180
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Lynchburg, Moore County, TN, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Lynchburg, Moore County, TN has a median income of about $44,888 for people who own homes. Based on that number, a person should spend a maximum of $1,047 on expenses related to housing. Renters have a slightly different median income, which is $39,338. Based on this average, renters should spend no more than $918 on all of their rental costs if they want to maintain a non-impoverished standard of living.

Tennessee Sales Tax

StateGeneral Sales TaxWith Max Surtax
Tennessee7%9.75%

Tennessee Income Tax

StateIncome Tax (Low)Income Tax (High)
Tennessee0%0%
One thing to keep in mind when considering the cost of living in Lynchburg, Moore County, TN is the Tennessee sales tax and Tennessee income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Tennessee sales tax rate is 7% and the maximum surtax that can be charged is 9.75%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Tennessee income tax rates range from 0% to 0%.

Goods & Services

ItemLynchburg, Moore CountyNational avg.Difference
Haircut $14.20$14.592.7%
Beauty Salon $30.40$34.6812.3%
Toothpaste $2.18$2.4711.9%
Shampoo $0.87$1.0214.9%
Movie $9.42$9.874.5%
Bowling $3.70$4.3915.8%

Groceries

ItemLynchburg, Moore CountyNational avg.Difference
Ground Beef $5.86$4.4830.9%
Fried Chicken $1.11$1.4624.2%
Milk $2.23$2.365.4%
Potatoes $3.26$3.066.5%
Pizza $9.99$9.248.1%
Beer $8.15$8.635.6%

Health Care

ItemLynchburg, Moore CountyNational avg.Difference
Optometrist $109.40$99.789.6%
Doctor $82.50$105.0321.5%
Dentist $90.50$88.702.0%
Ibuprofen $8.10$9.4113.9%
Lipitor $318.55$298.506.7%

Housing

ItemLynchburg, Moore CountyNational avg.Difference
Home Price $141,700.00$175,700.0019.4%
Avg. Mortgage Payment $781.22$1,081.0327.7%
Apartment Rent $660.00$920.0028.3%

Transportation

ItemLynchburg, Moore CountyNational avg.Difference
Gasoline $2.00$2.094.4%
Tire Balancing $46.99$45.293.8%

Utilities

ItemLynchburg, Moore CountyNational avg.Difference
All Electricity$156.81$170.808.2%
Phone $35.51$28.2625.7%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Normandy, TN9282-18%
Fayetteville, TN6,99187-13%
Shelbyville, TN20,61686-14%
Winchester, TN8,49389-11%
Estill Springs, TN2,12090-10%
Lynchburg, Moore County, TN6,34894-6%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Lago Vista, TX6,34998-2%
Brookings, OR6,35011818%
Clyde, OH6,35087-13%
Brookville, OH6,35191-9%
Hurricane, WV6,35290-10%
Lynchburg, Moore County, TN6,34894-6%
Source: The Lynchburg, Moore County, TN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.