Housing costs in Lynchburg?
A typical home costs
$305,600, which is 9.6% less expensive than the national average of
$338,100 and 11.0% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Lynchburg costs
$920 per month, which is 34.3% cheaper than the national average of
$1,400 and close to the state average of
$930.
Can I afford Lynchburg?
To live comfortably in Lynchburg (zip 24503), Virginia, a minimum annual income of
$58,680 for a family, and
$32,400 for a single person is recommended.
What does A.I. say about Lynchburg?
Living in 24503 Lynchburg, VA is relatively affordable compared to other parts of the country. According to BestPlaces, the cost of living in this area is approximately 8% lower than the national average. This includes housing costs which are approximately 20% lower than the national average. Additionally, groceries are roughly 15% cheaper than the US average, while utilities are nearly 17% less expensive. With its reasonable cost of living and pleasant climate, Lynchburg is a great place to make a home.