Economy in Lynchburg, Virginia
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| Unemployment Rate | 6.90% | 8.60% |
| Recent Job Growth | 3.82% | 0.35% |
| Future Job Growth | 40.74% | 32.10% |
| Sales Taxes | 5.00% | 5.00% |
| Income Taxes | 5.75% | 4.70% |
| Income per Cap. | $24,719 | $26,154 |
| Household Income | $44,960 | $50,935 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 14.62% | 12.37% |
| Income between 15K and 25K | 12.87% | 10.53% |
| Income between 25K and 35K | 11.36% | 10.88% |
| Income between 35K and 50K | 16.02% | 15.37% |
| Income between 50K and 75K | 18.99% | 20.14% |
| Income between 75K and 100K | 11.37% | 12.41% |
| Income between 100K and 150K | 9.31% | 11.27% |
| Income between 150K and 250K | 3.78% | 5.01% |
| Income between 250K and 500K | 1.54% | 1.86% |
| Income greater than 500K | 0.13% | 0.16% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 11.84% | 14.04% |
| Professional and Related Occupations | 23.24% | 20.61% |
| Service | 15.78% | 14.45% |
| Sales and Office | 26.21% | 26.75% |
| Farming, Fishing, and Forestry | 0.19% | 0.70% |
| Construction, Extraction, and Maintenance | 6.90% | 9.42% |
| Production, Transportation, and Material Moving | 15.85% | 14.05% |
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
