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Economy in Lynchburg, Virginia

Overview, People, Health, Economy, Housing, Rankings, Climate
Crime, Comments, Transportation, Cost of Living, Religion, Voting

EconomyLynchburg, VAUnited States
Unemployment Rate6.90%8.60%
Recent Job Growth3.82%0.35%
Future Job Growth40.74%32.10%
Sales Taxes5.00%5.00%
Income Taxes5.75%4.70%
Income per Cap.$24,719$26,154
Household Income$44,960$50,935
ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME
Income Less Than 15K14.62%12.37%
Income between 15K and 25K12.87%10.53%
Income between 25K and 35K11.36%10.88%
Income between 35K and 50K16.02%15.37%
Income between 50K and 75K18.99%20.14%
Income between 75K and 100K11.37%12.41%
Income between 100K and 150K9.31%11.27%
Income between 150K and 250K3.78%5.01%
Income between 250K and 500K1.54%1.86%
Income greater than 500K0.13%0.16%
POPULATION BY OCCUPATION
Management, Business, and Financial Operations11.84%14.04%
Professional and Related Occupations23.24%20.61%
Service15.78%14.45%
Sales and Office26.21%26.75%
Farming, Fishing, and Forestry0.19%0.70%
Construction, Extraction, and Maintenance6.90%9.42%
Production, Transportation, and Material Moving15.85%14.05%


Median Household Income

The unemployment rate in Lynchburg, VA, is 6.90%, with job growth of 3.82%. Future job growth over the next ten years is predicted to be 40.74%.

Lynchburg, VA Taxes

Lynchburg, VA,sales tax rate is 5.00%. Income tax is 5.75%.

Lynchburg, VA Income and Salaries

The income per capita is $24,719, which includes all adults and children. The median household income is $44,960.


Lynchburg Economy SperlingViews

A LOVELY MID-SIZED CITY: WE HAVE LIVED IN LYNCHBURG FOR 8 YEARS AND LOVE THE AREA. COST OF LIVING IS REASONABLE AND THE AREA IS BEAUTIFUL. LYNCHBURG IS NICKNAMED THE HILL CITY AND HAS LOVELY... (read more)LYNCHBURG is for Lovers: Hate it or love it, Lynchburg, Virginia. I love the location of Lynchburg being southwest of Richmond, northwest of Roanoke(my least favorite city in Va) and south of... (read more)Progress, but not quite Progressive...: I'm pleased to report that many undesirable negatives identified in some of these posts have been resolved in Lynchburg within the past 2-3 years: 1. Nightlife. There... (read more)Have an opinion about Lynchburg? Leave a commentTo See All SperlingViews for Lynchburg Click Here