Lynchburg, VA Metro Area is a great place to live and work. It has a reasonable cost of living, with a 2-bedroom apartment renting for $930 per month. The grocery cost index in the area is 97 compared to 100 in the US, making it an affordable place to shop for groceries. Business opportunities abound here with many local companies like BWX Technologies, Centra Health, Genworth Financial, and American National University offering a variety of jobs. There are plenty of attractions for visitors and residents alike including Point of Honor, Old City Cemetery Museum & Arboretum, Lynchburg Museum, Amazement Square Children’s Museum & Science Center and Thomas Jefferson’s Poplar Forest.
Lynchburg Metro Area has an unemployment rate of 5.4%. The US average is 6.0%.
Lynchburg Metro Area has seen the job market increase by 2.2% over the last year. Future job growth over the next ten years is predicted to be 30.2%, which is lower than the US average of 33.5%.
Tax Rates for Lynchburg Metro Area
- The Sales Tax Rate for Lynchburg Metro Area is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Lynchburg Metro Area is 5.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lynchburg Metro Area
- The average income of a Lynchburg Metro Area resident is $24,276 a year. The US average is $28,555 a year.
- The Median household income of a Lynchburg Metro Area resident is $60,217 a year. The US average is $69,021 a year.