Zip 24571 (Lynch Station, VA) Economy


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United States / Virginia / Lynchburg Metro Area / Campbell County / No City / Lynch Station (zip 24571)
24571 Lynch Station, VA is an affordable and unique place to live in. The 2 bedroom rent in the area is $770 which is considerably lower than the US average of $1,430. The Grocery Cost Index in 24571 Lynch Station, VA is 95 versus 100 in the US making it a great place to stock up on groceries for less. Local companies in 24571 Lynch Station, VA include Ace Hardware, Creative Overflow Solutions, and Countryside Logistics LLC. Ace Hardware provides a wide variety of home improvement products and services while Creative Overflow Solutions specializes in web design and software development. Countryside Logistics LLC offers freight logistics solutions for businesses.

Lynch Station (zip 24571) has an unemployment rate of 5.0%. The US average is 6.0%.

Lynch Station (zip 24571) 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 29.7%, which is lower than the US average of 33.5%.

Tax Rates for Lynch Station (zip 24571)
- The Sales Tax Rate for Lynch Station (zip 24571) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Lynch Station (zip 24571) 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 Lynch Station (zip 24571)
- The average income of a Lynch Station (zip 24571) resident is $22,324 a year. The US average is $28,555 a year.
- The Median household income of a Lynch Station (zip 24571) resident is $44,226 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyLynch Station, VirginiaUnited States
  56
  -5.6%-6.2%
  29.7%33.5%
  5.3%6.2%
  5.8%4.6%
  $27,320$37,638
  $44,226$69,021
  $63,864$85,028
  Population by Occupation
  0.0%1.2%
  3.0%0.5%
  6.8%6.8%
  13.6%10.0%
  3.3%2.5%
  19.9%11.0%
  5.7%4.8%
  0.9%0.8%
  2.2%1.9%
  2.6%4.7%
  3.4%1.9%
  11.3%7.6%
  0.0%0.1%
  2.6%4.2%
  4.7%9.3%
  8.7%14.0%
  0.0%2.1%
  1.9%7.0%
  5.4%4.8%
  4.0%4.7%
Health