Housing costs in Lynchburg?
A typical home costs
$283,300, which is 16.2% less expensive than the national average of
$338,100 and 2.1% more expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Lynchburg costs
$870 per month, which is 39.2% cheaper than the national average of
$1,430 and 23.0% cheaper than the state average of
$1,070.
Can I afford Lynchburg?
To live comfortably in Lynchburg, Tennessee, a minimum annual income of
$54,360 for a family, and
$27,600 for a single person is recommended.
What does A.I. say about Lynchburg?
The cost of living in Lynchburg (Moore County), TN is quite reasonable and competitive. The overall cost of living index for the county is 84.6, which is 16.4 points lower than the national average of 100. The median home price in Lynchburg is $89,000, whereas the median rent is around $720 per month. In terms of utilities, an average household typically spends about $138/month for electricity and gas combined. Health services are also affordable; with a weight adjusted health care index of 96.1 compared to the national average at 100. Grocery prices are also fairly low with a grocery index score of 91.7 compared to the national average at 100. All in all, Lynchburg (Moore County) offers residents a cost-effective living environment at a fraction of what they would pay elsewhere.