Lynchburg, MS is a small city situated in the state of Mississippi. With its low population and rural landscapes, Lynchburg is an ideal place for those who are looking for a peaceful life away from the hustle and bustle of big cities. The cost of living here is significantly lower than that of the national average - rent for a 2-bedroom apartment averages $950 per month, compared to $1,430 nationally. Additionally, grocery cost index in Lynchburg is 97 as opposed to 100 in the US.
In terms of local businesses, Lynchburg has several amenities including retail stores like Wal-Mart Supercenter and Dollar General; fast food restaurants like McDonald's and Subway; gas stations such as Shell; automobile dealerships such as Jenkins Ford; banks such as BankTrust and Trustmark National Bank; department stores like JCPenney and Academy Sports + Outdoors; hardware stores like Lowe's Home Improvement Warehouse; convenience stores such as Papa Pete's Market & Deli; pharmacies like CVS Pharmacy and The Medicine Shoppe Pharmacy; family restaurants like Ed’s Catfish House Restaurant & Bar; electronics stores such as RadioShack and Sears Appliance & Hardware Store; furniture retailers such as Furniture Factory Outlet World Lynchburg MS Inc.; florists such as Floral Creations by Connie; hardware supply centers like North Jackson Industrial Supply Co., Inc.; supermarkets including Winn Dixie Grocery Store #2212 and Piggly Wiggly #3036. With its great selection of amenities at low costs, Lynchburg makes an ideal place for those seeking an affordable yet comfortable lifestyle.
Lynchburg has an unemployment rate of 4.6%. The US average is 6.0%.
Lynchburg has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 38.5%, which is higher than the US average of 33.5%.
Tax Rates for Lynchburg
- The Sales Tax Rate for Lynchburg is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Lynchburg is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lynchburg
- The average income of a Lynchburg resident is $30,760 a year. The US average is $28,555 a year.
- The Median household income of a Lynchburg resident is $77,917 a year. The US average is $69,021 a year.