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Lynchburg, Virginia  24 Reviews | Leave a Comment

Economy

Download .xls | Last Updated: June, 2014

  ECONOMY OVERVIEW
  

The unemployment rate in Lynchburg, VA, is 5.70%, with job growth of 0.26%. Future job growth over the next ten years is predicted to be 34.80%.

Lynchburg, VA Taxes
Lynchburg, VA,sales tax rate is 5.30%. Income tax is 5.75%.

Lynchburg, VA Income and Salaries

The income per capita is $21,824, which includes all adults and children. The median household income is $37,774.

  ECONOMYLynchburg, VAUnited States
  Unemployment Rate  5.70%6.30%
  Recent Job Growth  0.26%1.18%
  Future Job Growth  34.80%36.10%
  Sales Taxes  5.30%6.00%
  Income Taxes  5.75%4.72%
  Income per Cap.  $21,824$28,051
  Household Income  $37,774$53,046
  Family Median Income  $53,034$64,585
  ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME
  Income Less Than 15K  20.76%12.61%
  Income between 15K and 20K  6.28%5.33%
  Income between 20K and 30K  13.63%10.57%
  Income between 30K and 40K  11.47%9.90%
  Income between 40K and 50K  9.46%8.95%
  Income between 50K and 60K  6.77%8.08%
  Income between 60K and 75K  8.83%10.09%
  Income between 75K and 100K  8.80%12.25%
  Income between 100K and 150K  8.48%12.82%
  Income between 150K and 200K  2.96%4.78%
  Income greater than 200K  2.55%4.64%
  POPULATION BY OCCUPATION
  Management, business, finance  12.57%14.36%
  Engineering, computers, science  4.77%5.24%
  Community, social services  3.45%1.66%
  Legal  1.02%1.17%
  Education, library  6.91%6.10%
  Arts, design, media, sports, entertainment  1.98%1.88%
  Healthcare practitioners and technology  4.99%5.49%
  Healthcare support  3.69%2.47%
  Firefighters, law enforcement  1.79%2.24%
  Food preparation, serving  7.56%5.61%
  Building maintenance  3.59%3.97%
  Personal care  4.30%3.54%
  Sales, office, administrative support  26.95%24.89%
  Farming, fishing, forestry  0.16%0.73%
  Construction, extraction, maintenance/repair  4.71%8.56%
  Production, transportation, material moving  11.56%12.10%


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