Lynchburg 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.
IndexLynchburgVirginiaNational
Cost of living index91108100
IndexLynchburgVirginiaNational
Goods & Services index95100100
Groceries index9294100
Health care index9599100
Housing index84133100
Transportation index8793100
Utilities index98100100
A general overview of the cost of living index for Lynchburg, VA is displayed above. In Lynchburg, VA, the overall cost of living index is 91, which is 16% lower than the Virginia average and 9% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Lynchburg, VA, the city's goods and services are 5% lower than the Virginia average and 5% lower than the U.S. average.

Did you know?

  • The cost of living in Lynchburg is 16% lower than the Virginia average.
  • The cost of living in Lynchburg is 9% lower than the national average.
  • The cost of housing in Lynchburg is 16% lower than the national average.
  • Virginia general sales tax is 4% higher than the national average.
  • Virginia state income tax is 10% lower than the national average.

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Salary Calculator

This is how much you would need to earn in
Price difference in compared to
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Groceries index
Health care index
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The salary calculator is meant to help you compare your salary in Lynchburg, VA to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Lynchburg, VA, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Lynchburg, VA salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$58,283$4,857$1,360$1,749
Renters$23,885$1,990$557$717
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Lynchburg, VA, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Lynchburg, VA homeowners have a median income of $58,283. Using that number, you will come up with a maximum of $1,360 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $23,885, which means there is a maximum of $557 to be spent on the costs of renting a home or apartment.

Virginia Sales Tax

StateGeneral Sales TaxWith Max Surtax
Virginia5.3%6%

Virginia Income Tax

StateIncome Tax (Low)Income Tax (High)
Virginia2%5.75%
When you are determining the total cost of living in Lynchburg, VA you will want to make sure you consider both the Virginia sales tax and the Virginia income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Virginia is 5.3%, with the highest surtax being 6%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Virginia have a range from 2% to 5.75%.

Goods & Services

ItemLynchburgNational avg.Difference
Haircut $11.00$14.5924.6%
Beauty Salon $27.60$34.6820.4%
Toothpaste $1.90$2.4723.2%
Shampoo $0.92$1.0210.0%
Movie $11.50$9.8716.5%
Bowling $5.06$4.3915.2%

Groceries

ItemLynchburgNational avg.Difference
Ground Beef $4.48$4.480.1%
Fried Chicken $1.26$1.4613.9%
Milk $2.21$2.366.2%
Potatoes $2.99$3.062.3%
Pizza $8.59$9.247.1%
Beer $8.90$8.633.1%

Health Care

ItemLynchburgNational avg.Difference
Optometrist $116.13$99.7816.4%
Doctor $87.94$105.0316.3%
Dentist $80.50$88.709.2%
Ibuprofen $8.99$9.414.5%
Lipitor $327.55$298.509.7%

Housing

ItemLynchburgNational avg.Difference
Home Price $147,900.00$175,700.0015.8%
Avg. Mortgage Payment $864.79$1,081.0320.0%
Apartment Rent $759.00$920.0017.5%

Transportation

ItemLynchburgNational avg.Difference
Gasoline $1.90$2.099.2%
Tire Balancing $34.40$45.2924.0%

Utilities

ItemLynchburgNational avg.Difference
All Electricity$174.01$170.801.9%
Phone $26.01$28.267.9%
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.
Big Island, VA28980-20%
Rustburg, VA91685-15%
Madison Heights, VA10,35988-12%
Amherst, VA2,64391-9%
Concord, VA1,55293-7%
Lynchburg, VA77,62691-9%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Brooklyn Park, MN77,5791033%
Somerville, MA77,56015656%
Bellflower, CA77,52112929%
Tustin, CA77,76515151%
Palm Coast, FL77,7791011%
Lynchburg, VA77,62691-9%
Source: The Lynchburg, VA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.