Housing costs in Lynchburg?
A typical home costs
$237,200, which is 29.8% less expensive than the national average of
$338,100 and 30.9% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Lynchburg costs
$930 per month, which is 35.0% cheaper than the national average of
$1,430 and 50.5% cheaper than the state average of
$1,400.
Can I afford Lynchburg?
To live comfortably in Lynchburg Virgi Metro Area, Virginia, a minimum annual income of
$45,360 for a family, and
$32,800 for a single person is recommended.
What does A.I. say about Lynchburg?
The cost of living in Lynchburg, VA Metro Area is 86, which is 14% lower than the US average. Despite the lower cost of living in Lynchburg, house values are still relatively high compared to the US median at $237,200. This suggests that despite having a lower cost of living overall, people who live in Lynchburg have higher than average housing costs compared to other parts of the country.