24504 Lynchburg, VA is a great place to live with an affordable cost of living. The 2 bedroom rent in 24504 Lynchburg, VA is $980 compared to the US average of $1,430. The grocery cost index in 24504 Lynchburg, VA is 93 versus the national average of 100. Companies such as BWX Technologies, Inc., Davenport & Company LLC and Centra Health have established headquarters in 24504 Lynchburg, VA making job opportunities abound. As a result, many people are choosing to make 24504 Lynchburg their home whether it be for a career opportunity or its low cost of living.
Lynchburg (zip 24504) has an unemployment rate of 6.7%. The US average is 6.0%.
Lynchburg (zip 24504) has seen the job market decrease by -5.7% over the last year. Future job growth over the next ten years is predicted to be 30.7%, which is lower than the US average of 33.5%.
Tax Rates for Lynchburg (zip 24504)
- The Sales Tax Rate for Lynchburg (zip 24504) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Lynchburg (zip 24504) 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 (zip 24504)
- The average income of a Lynchburg (zip 24504) resident is $24,263 a year. The US average is $37,638 a year.
- The Median household income of a Lynchburg (zip 24504) resident is $44,486 a year. The US average is $69,021 a year.