Housing costs in Lynchburg?
A typical home costs
$145,400, which is 57.0% less expensive than the national average of
$338,100 and 57.6% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Lynchburg costs
$980 per month, which is 30.0% cheaper than the national average of
$1,400 and 5.1% more than the state average of
$930.
Can I afford Lynchburg?
To live comfortably in Lynchburg (zip 24504), Virginia, a minimum annual income of
$27,720 for a family, and
$34,400 for a single person is recommended.
What does A.I. say about Lynchburg?
The cost of living in 24504 Lynchburg, VA is relatively low compared to many other areas. According to the BestPlaces Bureau, the cost of living in Lynchburg is 14.3% lower than the national average. This means that groceries, health care, transportation and housing are all much more affordable here than in many other parts of the country. In addition, Virginia's low taxes make 24504 an attractive place to live for those looking to save money on their monthly budgets.